Great West Life Assurance Co. Can grew its holdings in Northfield Bancorp Inc (NASDAQ:NFBK) by 10.2% in the first quarter, HoldingsChannel reports. The firm owned 65,104 shares of the bank’s stock after purchasing an additional 6,000 shares during the period. Great West Life Assurance Co. Can’s holdings in Northfield Bancorp were worth $902,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in NFBK. BlackRock Inc. lifted its holdings in shares of Northfield Bancorp by 2.8% in the fourth quarter. BlackRock Inc. now owns 6,854,569 shares of the bank’s stock valued at $92,879,000 after purchasing an additional 187,170 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Northfield Bancorp by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,728,431 shares of the bank’s stock worth $50,520,000 after acquiring an additional 97,482 shares in the last quarter. Morgan Stanley raised its holdings in shares of Northfield Bancorp by 40.1% during the third quarter. Morgan Stanley now owns 228,322 shares of the bank’s stock worth $3,635,000 after acquiring an additional 65,354 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Northfield Bancorp by 9.8% during the fourth quarter. Geode Capital Management LLC now owns 543,090 shares of the bank’s stock worth $7,358,000 after acquiring an additional 48,257 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Northfield Bancorp by 178.3% during the fourth quarter. Bank of America Corp DE now owns 67,811 shares of the bank’s stock worth $919,000 after acquiring an additional 43,441 shares in the last quarter. Institutional investors own 57.62% of the company’s stock.
Shares of NASDAQ:NFBK opened at $15.14 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.67. Northfield Bancorp Inc has a 1 year low of $12.76 and a 1 year high of $17.33. The firm has a market cap of $757.12 million, a P/E ratio of 20.28, a PEG ratio of 2.54 and a beta of 0.55.
Northfield Bancorp (NASDAQ:NFBK) last announced its quarterly earnings data on Wednesday, April 24th. The bank reported $0.19 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. Northfield Bancorp had a return on equity of 5.30% and a net margin of 23.84%. The business had revenue of $30.64 million during the quarter, compared to analyst estimates of $30.24 million. Analysts anticipate that Northfield Bancorp Inc will post 0.75 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.91%. This is a positive change from Northfield Bancorp’s previous quarterly dividend of $0.10. The ex-dividend date was Tuesday, May 7th. Northfield Bancorp’s dividend payout ratio (DPR) is currently 57.89%.
Several analysts recently issued reports on NFBK shares. BidaskClub upgraded Northfield Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, February 20th. Zacks Investment Research lowered Northfield Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th. Finally, TheStreet upgraded Northfield Bancorp from a “c+” rating to a “b-” rating in a report on Thursday, May 9th. Four analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus target price of $18.00.
In other Northfield Bancorp news, Director Gil Chapman sold 3,000 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $14.80, for a total transaction of $44,400.00. Following the transaction, the director now directly owns 54,397 shares of the company’s stock, valued at $805,075.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Robin Lefkowitz sold 2,000 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $15.20, for a total transaction of $30,400.00. Following the transaction, the executive vice president now directly owns 20,240 shares in the company, valued at $307,648. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,480 shares of company stock valued at $424,788. 8.60% of the stock is owned by corporate insiders.
Northfield Bancorp Company 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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