BNP Paribas Arbitrage SA cut its stake in shares of Northfield Bancorp Inc. (NASDAQ:NFBK) by 46.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,646 shares of the company’s stock after selling 5,698 shares during the period. BNP Paribas Arbitrage SA’s holdings in Northfield Bancorp were worth $107,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in NFBK. Mason Street Advisors LLC purchased a new stake in shares of Northfield Bancorp during the second quarter valued at $114,000. BlackRock Inc. increased its stake in shares of Northfield Bancorp by 224.8% in the second quarter. BlackRock Inc. now owns 9,674 shares of the company’s stock valued at $144,000 after buying an additional 6,696 shares during the period. Advisor Group Inc. purchased a new stake in shares of Northfield Bancorp during the second quarter valued at $167,000. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Northfield Bancorp during the second quarter valued at $179,000. Finally, Airain ltd purchased a new stake in shares of Northfield Bancorp during the second quarter valued at $182,000. Institutional investors own 49.92% of the company’s stock.
Northfield Bancorp Inc. (NASDAQ:NFBK) opened at 16.07 on Friday. Northfield Bancorp Inc. has a 12-month low of $14.31 and a 12-month high of $16.68. The stock has a market cap of $712.70 million, a PE ratio of 34.19 and a beta of 0.26. The firm has a 50 day moving average of $15.98 and a 200-day moving average of $15.61.
Northfield Bancorp (NASDAQ:NFBK) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The business had revenue of $25.64 million for the quarter, compared to the consensus estimate of $24.90 million. Northfield Bancorp had a net margin of 17.13% and a return on equity of 3.89%. The business’s revenue was up 26.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 EPS. On average, analysts expect that Northfield Bancorp Inc. will post $0.55 earnings per share for the current year.
Separately, Hovde Group began coverage on shares of Northfield Bancorp in a research note on Friday, August 12th. They issued a “market perform” rating and a $16.00 target price for the company.
In related news, Director Patrick E. Scura, Jr. sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $15.88, for a total transaction of $39,700.00. Following the sale, the director now directly owns 81,846 shares of the company’s stock, valued at approximately $1,299,714.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 10.50% of the company’s stock.
Northfield Bancorp Company Profile
Northfield Bancorp, Inc is a holding company for Northfield Bank (the Bank). Northfield Bank’s principal business consists of originating commercial real estate loans and multifamily real estate loans, purchasing investment securities including mortgage-backed securities and corporate bonds, as well as depositing funds in other financial institutions.
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