Northfield Bancorp Inc. (NFBK) Shares Bought by Teacher Retirement System of Texas
Teacher Retirement System of Texas increased its stake in shares of Northfield Bancorp Inc. (NASDAQ:NFBK) by 4.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,579 shares of the company’s stock after buying an additional 1,185 shares during the period. Teacher Retirement System of Texas owned about 0.06% of Northfield Bancorp worth $394,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Emerald Acquisition Ltd. acquired a new position in shares of Northfield Bancorp during the second quarter valued at about $5,209,000. Renaissance Technologies LLC raised its position in shares of 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. TD Asset Management Inc. raised its position in shares of Northfield Bancorp by 78.6% in the second quarter. TD Asset Management Inc. now owns 153,400 shares of the company’s stock valued at $2,275,000 after buying an additional 67,500 shares during the last quarter. Barclays PLC acquired a new position in shares of Northfield Bancorp during the first quarter valued at about $559,000. Finally, First Trust Advisors LP raised its position in shares of Northfield Bancorp by 20.2% in the second quarter. First Trust Advisors LP now owns 108,588 shares of the company’s stock valued at $1,610,000 after buying an additional 18,275 shares during the last quarter. 49.92% of the stock is owned by hedge funds and other institutional investors.
Northfield Bancorp Inc. (NASDAQ:NFBK) opened at 16.0504 on Monday. The stock has a market capitalization of $711.84 million, a price-to-earnings ratio of 34.1498 and a beta of 0.26. Northfield Bancorp Inc. has a 12-month low of $14.31 and a 12-month high of $16.68. The firm has a 50-day moving average of $15.95 and a 200 day moving average of $15.61.
Northfield Bancorp (NASDAQ:NFBK) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.02. Northfield Bancorp had a net margin of 17.13% and a return on equity of 3.89%. The business earned $25.64 million during the quarter, compared to analysts’ expectations of $24.90 million. During the same quarter in the prior year, the company posted $0.10 EPS. The business’s revenue for the quarter was up 26.9% on a year-over-year basis. On average, analysts predict that Northfield Bancorp Inc. will post $0.55 earnings per share for the current fiscal year.
Separately, Hovde Group started coverage on shares of Northfield Bancorp in a report on Friday, August 12th. They set a “market perform” rating and a $16.00 price objective on the stock.
In other 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 value of $39,700.00. Following the transaction, the director now directly owns 81,846 shares in the company, valued at approximately $1,299,714.48. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 10.50% of the stock is currently owned by insiders.
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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