Northfield Bancorp, Inc. (NFBK) Shares Sold by Goldman Sachs Group Inc.
Goldman Sachs Group Inc. decreased its stake in shares of Northfield Bancorp, Inc. (NASDAQ:NFBK) by 52.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,872 shares of the bank’s stock after selling 34,652 shares during the period. Goldman Sachs Group Inc. owned 0.07% of Northfield Bancorp worth $556,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Prudential Financial Inc. boosted its position in Northfield Bancorp by 0.4% in the first quarter. Prudential Financial Inc. now owns 83,298 shares of the bank’s stock valued at $1,501,000 after buying an additional 300 shares during the last quarter. Acadian Asset Management LLC boosted its position in Northfield Bancorp by 6.6% in the first quarter. Acadian Asset Management LLC now owns 493,016 shares of the bank’s stock valued at $8,885,000 after buying an additional 30,549 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Northfield Bancorp by 2.9% in the first quarter. Bank of New York Mellon Corp now owns 686,648 shares of the bank’s stock valued at $12,374,000 after buying an additional 19,636 shares during the last quarter. Principal Financial Group Inc. boosted its position in Northfield Bancorp by 4.0% in the first quarter. Principal Financial Group Inc. now owns 359,494 shares of the bank’s stock valued at $6,478,000 after buying an additional 13,689 shares during the last quarter. Finally, Karp Capital Management Corp bought a new position in Northfield Bancorp during the first quarter valued at $189,000. 53.02% of the stock is owned by institutional investors.
Northfield Bancorp, Inc. (NFBK) traded up 0.90% during trading on Friday, reaching $15.70. 122,694 shares of the company traded hands. Northfield Bancorp, Inc. has a 52 week low of $14.88 and a 52 week high of $20.59. The firm has a 50-day moving average price of $16.72 and a 200-day moving average price of $17.50. The company has a market capitalization of $710.46 million, a P/E ratio of 21.51 and a beta of 0.33.
Northfield Bancorp (NASDAQ:NFBK) last released its earnings results on Wednesday, July 26th. The bank reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.03. Northfield Bancorp had a net margin of 24.13% and a return on equity of 4.93%. The business had revenue of $29.35 million during the quarter, compared to analyst estimates of $26.20 million. During the same quarter in the prior year, the firm earned $0.15 earnings per share. Analysts forecast that Northfield Bancorp, Inc. will post $0.74 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Monday, August 7th. Northfield Bancorp’s payout ratio is 43.84%.
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NFBK has been the subject of several research analyst reports. Piper Jaffray Companies reaffirmed a “hold” rating and set a $16.50 target price on shares of Northfield Bancorp in a research note on Thursday, August 3rd. BidaskClub cut shares of Northfield Bancorp from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Finally, Keefe, Bruyette & Woods set a $18.00 target price on shares of Northfield Bancorp and gave the company a “hold” rating in a research note on Saturday, May 20th.
In other news, Director Patrick E. Scura, Jr. sold 8,483 shares of the company’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $17.41, for a total transaction of $147,689.03. Following the completion of the sale, the director now owns 60,043 shares of the company’s stock, valued at $1,045,348.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Patrick E. Scura, Jr. sold 2,503 shares of the company’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $16.59, for a total transaction of $41,524.77. Following the sale, the director now directly owns 66,043 shares of the company’s stock, valued at approximately $1,095,653.37. The disclosure for this sale can be found here. Insiders have sold 37,154 shares of company stock valued at $624,715 in the last ninety days. Insiders own 9.34% 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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