Northfield Bancorp Inc. (NFBK) Sees Large Volume Increase
Northfield Bancorp Inc. (NASDAQ:NFBK) shares saw unusually-strong trading volume on Friday . Approximately 269,668 shares traded hands during mid-day trading, an increase of 77% from the previous session’s volume of 152,045 shares.The stock last traded at $14.77 and had previously closed at $14.61.
Several research analysts have issued reports on NFBK shares. Piper Jaffray Cos. started coverage on shares of Northfield Bancorp in a research report on Thursday, April 14th. They issued a “neutral” rating and a $15.00 price target on the stock. Zacks Investment Research lowered shares of Northfield Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, April 20th.
The firm has a 50-day moving average of $15.05 and a 200-day moving average of $15.59. The stock has a market cap of $648.68 million and a PE ratio of 35.25.
Northfield Bancorp (NASDAQ:NFBK) last issued its quarterly earnings data on Wednesday, April 27th. The company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by $0.05. The business had revenue of $24.73 million for the quarter, compared to analysts’ expectations of $24.44 million. The company’s revenue was up 23.8% on a year-over-year basis. During the same quarter last year, the company earned $0.11 earnings per share. On average, equities analysts anticipate that Northfield Bancorp Inc. will post $0.56 earnings per share for the current year.
In other Northfield Bancorp news, Director Patrick E. Scura, Jr. sold 2,500 shares of the company’s stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $15.23, for a total transaction of $38,075.00. Following the sale, the director now directly owns 84,346 shares of the company’s stock, valued at $1,284,589.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Other institutional investors recently made changes to their positions in the company. TD Asset Management Inc. raised its position in shares of Northfield Bancorp by 31.0% in the fourth quarter. TD Asset Management Inc. now owns 79,900 shares of the company’s stock worth $1,272,000 after buying an additional 18,900 shares during the last quarter. Boston Partners raised its position in shares of Northfield Bancorp by 14.3% in the fourth quarter. Boston Partners now owns 1,124,550 shares of the company’s stock worth $17,903,000 after buying an additional 140,684 shares during the last quarter. First Trust Advisors LP raised its position in shares of Northfield Bancorp by 359.1% in the fourth quarter. First Trust Advisors LP now owns 131,710 shares of the company’s stock worth $2,097,000 after buying an additional 103,022 shares during the last quarter. Mutual of America Capital Management LLC raised its position in shares of Northfield Bancorp by 9.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 320,985 shares of the company’s stock worth $5,110,000 after buying an additional 27,384 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of Northfield Bancorp by 2.6% in the fourth quarter. Rhumbline Advisers now owns 107,201 shares of the company’s stock worth $1,707,000 after buying an additional 2,740 shares during the last quarter.
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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