First Trust Advisors LP Reduces Position in Northfield Bancorp Inc (NFBK)

First Trust Advisors LP trimmed its position in shares of Northfield Bancorp Inc (NASDAQ:NFBK) by 27.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 52,168 shares of the bank’s stock after selling 19,430 shares during the quarter. First Trust Advisors LP owned approximately 0.11% of Northfield Bancorp worth $707,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Northfield Bancorp during the 3rd quarter worth $179,000. Oregon Public Employees Retirement Fund purchased a new position in shares of Northfield Bancorp during the 4th quarter worth $243,000. MetLife Investment Advisors LLC grew its holdings in shares of Northfield Bancorp by 59.9% during the 3rd quarter. MetLife Investment Advisors LLC now owns 30,970 shares of the bank’s stock worth $493,000 after purchasing an additional 11,604 shares during the period. Assenagon Asset Management S.A. purchased a new position in shares of Northfield Bancorp during the 4th quarter worth $588,000. Finally, Arizona State Retirement System grew its holdings in shares of Northfield Bancorp by 6.3% during the 4th quarter. Arizona State Retirement System now owns 72,481 shares of the bank’s stock worth $982,000 after purchasing an additional 4,275 shares during the period. Hedge funds and other institutional investors own 57.02% of the company’s stock.

In related news, Director Gil Chapman sold 8,000 shares of the stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $14.58, for a total transaction of $116,640.00. Following the transaction, the director now owns 57,397 shares of the company’s stock, valued at approximately $836,848.26. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Robin Lefkowitz sold 5,000 shares of the stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $14.60, for a total value of $73,000.00. Following the transaction, the executive vice president now directly owns 24,740 shares in the company, valued at approximately $361,204. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,000 shares of company stock worth $335,240. 9.20% of the stock is owned by corporate insiders.

Shares of NASDAQ NFBK traded down $0.12 during mid-day trading on Friday, reaching $14.36. 72,858 shares of the company’s stock were exchanged, compared to its average volume of 77,771. The stock has a market cap of $714.75 million, a PE ratio of 18.89, a P/E/G ratio of 2.33 and a beta of 0.57. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.61. Northfield Bancorp Inc has a 52-week low of $12.76 and a 52-week high of $17.33.

Northfield Bancorp (NASDAQ:NFBK) last posted its earnings results on Wednesday, January 30th. The bank reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.06). Northfield Bancorp had a return on equity of 5.49% and a net margin of 25.79%. The firm had revenue of $28.64 million for the quarter, compared to analyst estimates of $30.64 million. Research analysts predict that Northfield Bancorp Inc will post 0.77 EPS for the current year.

NFBK has been the subject of a number of research analyst reports. BidaskClub cut Northfield Bancorp from a “sell” rating to a “strong sell” rating in a report on Wednesday, March 20th. Zacks Investment Research cut Northfield Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, February 6th. Two equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. Northfield Bancorp presently has a consensus rating of “Hold” and an average target price of $18.00.

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Northfield Bancorp Profile

Northfield Bancorp, Inc (Staten Island, NY) operates as the bank holding company for Northfield Bank that provides various banking products and services primarily to individuals and corporate customers. It accepts various deposits products, including transaction accounts comprising negotiable orders of withdrawal accounts and non-interest bearing checking accounts; savings accounts, such as money market, passbook, and statement savings; certificates of deposit consisting of individual retirement accounts; and brokered deposits.

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Institutional Ownership by Quarter for Northfield Bancorp (NASDAQ:NFBK)

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