BlackRock Inc. boosted its holdings in shares of Northfield Bancorp Inc (NASDAQ:NFBK) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,854,569 shares of the bank’s stock after buying an additional 187,170 shares during the quarter. BlackRock Inc. owned approximately 13.84% of Northfield Bancorp worth $92,879,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Acadian Asset Management LLC purchased a new stake in Northfield Bancorp during the fourth quarter valued at $88,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Northfield Bancorp during the third quarter valued at $179,000. Oregon Public Employees Retirement Fund purchased a new stake in Northfield Bancorp during the fourth quarter valued at $243,000. MetLife Investment Advisors LLC raised its stake in Northfield Bancorp by 59.9% during the third quarter. MetLife Investment Advisors LLC now owns 30,970 shares of the bank’s stock valued at $493,000 after purchasing an additional 11,604 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in Northfield Bancorp during the fourth quarter valued at $588,000. Institutional investors own 57.02% of the company’s stock.
In other news, EVP Kenneth J. Doherty sold 10,000 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $14.56, for a total value of $145,600.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Robin Lefkowitz sold 5,000 shares of the company’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $14.60, for a total transaction of $73,000.00. Following the completion of the transaction, the executive vice president now owns 24,740 shares in the company, valued at $361,204. The disclosure for this sale can be found here. Insiders have sold 23,000 shares of company stock worth $335,240 in the last quarter. Company insiders own 9.20% of the company’s stock.
NFBK stock traded down $0.12 during mid-day trading on Friday, reaching $14.36. 72,858 shares of the stock traded hands, compared to its average volume of 77,771. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.61. Northfield Bancorp Inc has a one year low of $12.76 and a one year high of $17.33. The stock has a market capitalization of $714.75 million, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 2.33 and a beta of 0.57.
Northfield Bancorp (NASDAQ:NFBK) last posted its quarterly earnings data on Wednesday, January 30th. The bank reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.06). Northfield Bancorp had a net margin of 25.79% and a return on equity of 5.49%. The firm had revenue of $28.64 million for the quarter, compared to the consensus estimate of $30.64 million. As a group, equities research analysts expect that Northfield Bancorp Inc will post 0.77 EPS for the current year.
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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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