Knuff & Co LLC Buys Shares of 3,659 Northfield Bancorp Inc (NFBK)
Knuff & Co LLC bought a new stake in shares of Northfield Bancorp Inc (NASDAQ:NFBK) in the first quarter, HoldingsChannel reports. The institutional investor bought 3,659 shares of the bank’s stock, valued at approximately $51,000.
A number of other large investors have also recently bought and sold shares of NFBK. Bank of New York Mellon Corp increased its stake in shares of Northfield Bancorp by 1.5% in the third quarter. Bank of New York Mellon Corp now owns 670,067 shares of the bank’s stock valued at $10,668,000 after buying an additional 9,694 shares during the period. MetLife Investment Advisors LLC increased its stake in shares of Northfield Bancorp by 59.9% in the third quarter. MetLife Investment Advisors LLC now owns 30,970 shares of the bank’s stock valued at $493,000 after buying an additional 11,604 shares during the period. Legal & General Group Plc increased its stake in shares of Northfield Bancorp by 9.5% in the third quarter. Legal & General Group Plc now owns 100,689 shares of the bank’s stock valued at $1,594,000 after buying an additional 8,737 shares during the period. Morgan Stanley increased its stake in shares of Northfield Bancorp by 40.1% in the third quarter. Morgan Stanley now owns 228,322 shares of the bank’s stock valued at $3,635,000 after buying an additional 65,354 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Northfield Bancorp by 3.2% in the third quarter. Vanguard Group Inc. now owns 4,538,643 shares of the bank’s stock valued at $72,254,000 after buying an additional 139,919 shares during the period. 56.55% of the stock is owned by institutional investors.
NFBK has been the topic of several research analyst reports. BidaskClub lowered Northfield Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, February 28th. Zacks Investment Research upgraded Northfield Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, TheStreet upgraded Northfield Bancorp from a “c+” rating to a “b-” rating in a research report on Thursday, May 9th. Four research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average price target of $18.00.
Northfield Bancorp (NASDAQ:NFBK) last announced its earnings results on Wednesday, April 24th. The bank reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. Northfield Bancorp had a return on equity of 5.30% and a net margin of 23.84%. The company had revenue of $30.64 million for the quarter, compared to analyst estimates of $30.24 million. Equities research analysts expect that Northfield Bancorp Inc will post 0.75 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be given a dividend of $0.11 per share. This is a positive change from Northfield Bancorp’s previous quarterly dividend of $0.10. The ex-dividend date is Tuesday, May 7th. This represents a $0.44 annualized dividend and a dividend yield of 2.92%. Northfield Bancorp’s dividend payout ratio is presently 57.89%.
In related news, EVP Kenneth J. Doherty sold 10,000 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $14.56, for a total transaction of $145,600.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 8.60% of the stock is owned by corporate insiders.
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Northfield Bancorp Profile
Northfield Bancorp, Inc (Staten Island, NY) operates as the bank holding company for Northfield Bank that provides various banking products and services primarily to individuals and corporate customers. It accepts various deposits products, including transaction accounts comprising negotiable orders of withdrawal accounts and non-interest bearing checking accounts; savings accounts, such as money market, passbook, and statement savings; certificates of deposit consisting of individual retirement accounts; and brokered deposits.
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