Northfield Bancorp Inc. (NFBK) Stake Lowered by California Public Employees Retirement System
California Public Employees Retirement System cut its stake in Northfield Bancorp Inc. (NASDAQ:NFBK) by 2.4% during the second quarter, Holdings Channel reports. The fund owned 142,100 shares of the company’s stock after selling 3,500 shares during the period. California Public Employees Retirement System owned 0.32% of Northfield Bancorp worth $2,107,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Renaissance Technologies LLC raised its stake in Northfield Bancorp by 4.7% in the first quarter. Renaissance Technologies LLC now owns 1,832,368 shares of the company’s stock valued at $30,124,000 after buying an additional 82,100 shares during the last quarter. Emerald Acquisition Ltd. bought a new position in shares of Northfield Bancorp during the second quarter worth $5,209,000. Swiss National Bank increased its position in shares of Northfield Bancorp by 4.5% in the second quarter. Swiss National Bank now owns 80,500 shares of the company’s stock worth $1,194,000 after buying an additional 3,500 shares during the period. BlackRock Group LTD increased its position in shares of Northfield Bancorp by 8.2% in the first quarter. BlackRock Group LTD now owns 46,002 shares of the company’s stock worth $756,000 after buying an additional 3,494 shares during the period. Finally, Wall Street Access Asset Management LLC increased its position in shares of Northfield Bancorp by 2.6% in the second quarter. Wall Street Access Asset Management LLC now owns 40,055 shares of the company’s stock worth $594,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 49.92% of the company’s stock.
Shares of Northfield Bancorp Inc. (NASDAQ:NFBK) traded up 0.844% during trading on Wednesday, hitting $16.125. 27,473 shares of the company were exchanged. Northfield Bancorp Inc. has a 1-year low of $14.31 and a 1-year high of $16.68. The company has a 50 day moving average of $15.91 and a 200-day moving average of $15.61. The stock has a market capitalization of $715.14 million, a PE ratio of 34.309 and a beta of 0.26.
Northfield Bancorp (NASDAQ:NFBK) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.13 by $0.02. The business earned $25.64 million during the quarter, compared to analyst estimates of $24.90 million. Northfield Bancorp had a return on equity of 3.89% and a net margin of 17.13%. The company’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.10 earnings per share. On average, analysts forecast that Northfield Bancorp Inc. will post $0.55 earnings per share for the current year.
Separately, Hovde Group assumed coverage on shares of Northfield Bancorp in a report on Friday, August 12th. They issued a “market perform” rating and a $16.00 price target on the stock.
In other Northfield Bancorp news, Director Patrick E. Scura, Jr. sold 2,500 shares of the firm’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $15.88, for a total transaction of $39,700.00. Following the completion of the transaction, the director now owns 81,846 shares of the company’s stock, valued at $1,299,714.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 10.50% of the company’s stock.
About Northfield Bancorp
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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