Mason Street Advisors LLC Purchases Shares of 7,658 Northfield Bancorp Inc. (NFBK)
Mason Street Advisors LLC bought a new stake in Northfield Bancorp Inc. (NASDAQ:NFBK) during the second quarter, according to its most recent filing with the SEC. The institutional investor bought 7,658 shares of the company’s stock, valued at approximately $114,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System increased its position in shares of Northfield Bancorp by 0.9% in the second quarter. State Board of Administration of Florida Retirement System now owns 12,553 shares of the company’s stock valued at $186,000 after buying an additional 116 shares during the period. Emerald Acquisition Ltd. purchased a new position in shares of Northfield Bancorp during the second quarter valued at approximately $5,209,000. KBC Group NV increased its position in shares of Northfield Bancorp by 71.3% in the second quarter. KBC Group NV now owns 14,028 shares of the company’s stock valued at $208,000 after buying an additional 5,837 shares during the period. 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 valued at $594,000 after buying an additional 1,000 shares during the period. Finally, 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 valued at $1,194,000 after buying an additional 3,500 shares during the period. Hedge funds and other institutional investors own 49.91% of the company’s stock.
Shares of Northfield Bancorp Inc. (NASDAQ:NFBK) opened at 16.00 on Tuesday. The firm has a market capitalization of $709.60 million, a price-to-earnings ratio of 34.04 and a beta of 0.26. The firm has a 50-day moving average of $15.99 and a 200 day moving average of $15.60. Northfield Bancorp Inc. has a 52-week low of $14.31 and a 52-week high of $16.68.
Northfield Bancorp (NASDAQ:NFBK) last announced its earnings results on Wednesday, July 27th. The company reported $0.15 EPS for the quarter, topping the Thomson Reuters’ 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 earnings per share. The firm’s revenue was up 26.9% on a year-over-year basis. Analysts predict that Northfield Bancorp Inc. will post $0.55 EPS for the current year.
Separately, Hovde Group assumed coverage on shares of Northfield Bancorp in a research report on Friday, August 12th. They issued a “market perform” rating and a $16.00 price target on the stock.
In related news, Director Patrick E. Scura, Jr. sold 2,500 shares of the stock in a transaction 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 completion of the transaction, the director now owns 81,846 shares in the company, valued at $1,299,714.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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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