Comerica Bank cut its holdings in Northfield Bancorp Inc (NASDAQ:NFBK) by 4.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 44,233 shares of the bank’s stock after selling 2,220 shares during the quarter. Comerica Bank owned about 0.09% of Northfield Bancorp worth $685,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in NFBK. Knuff & Co LLC purchased a new position in shares of Northfield Bancorp in the first quarter worth about $51,000. BNP Paribas Arbitrage SA grew its holdings in Northfield Bancorp by 183.5% during the first quarter. BNP Paribas Arbitrage SA now owns 10,090 shares of the bank’s stock worth $140,000 after acquiring an additional 6,531 shares during the period. SG Americas Securities LLC grew its holdings in Northfield Bancorp by 150.9% during the first quarter. SG Americas Securities LLC now owns 19,800 shares of the bank’s stock worth $275,000 after acquiring an additional 11,909 shares during the period. Moors & Cabot Inc. grew its holdings in Northfield Bancorp by 100.0% during the first quarter. Moors & Cabot Inc. now owns 20,000 shares of the bank’s stock worth $278,000 after acquiring an additional 10,000 shares during the period. Finally, Addison Capital Co acquired a new stake in Northfield Bancorp during the second quarter worth about $309,000. Institutional investors own 57.90% of the company’s stock.
Northfield Bancorp stock traded down $0.06 during trading on Friday, reaching $16.04. 21,669 shares of the company were exchanged, compared to its average volume of 105,472. Northfield Bancorp Inc has a 52-week low of $12.76 and a 52-week high of $16.25. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $782.65 million, a P/E ratio of 21.03, a PEG ratio of 2.58 and a beta of 0.54. The stock’s 50 day simple moving average is $15.59 and its two-hundred day simple moving average is $15.08.
Northfield Bancorp (NASDAQ:NFBK) last posted its quarterly earnings data on Wednesday, July 24th. The bank reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.02). Northfield Bancorp had a net margin of 21.75% and a return on equity of 4.88%. The firm had revenue of $29.73 million during the quarter, compared to analysts’ expectations of $29.96 million. As a group, equities analysts forecast that Northfield Bancorp Inc will post 0.77 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th were given a dividend of $0.11 per share. The ex-dividend date was Tuesday, August 6th. This represents a $0.44 annualized dividend and a dividend yield of 2.74%. Northfield Bancorp’s dividend payout ratio is currently 57.89%.
In other news, Director Frank P. Patafio sold 4,500 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $15.22, for a total transaction of $68,490.00. Following the sale, the director now owns 187,774 shares in the company, valued at $2,857,920.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael J. Widmer sold 20,000 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $16.03, for a total value of $320,600.00. Following the completion of the transaction, the executive vice president now directly owns 78,533 shares in the company, valued at $1,258,883.99. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,341 shares of company stock valued at $768,662. Insiders own 8.60% of the company’s stock.
Several brokerages have commented on NFBK. BidaskClub raised Northfield Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Zacks Investment Research raised Northfield Bancorp from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Tuesday, July 30th.
About Northfield Bancorp
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.
See Also: Overbought
Receive News & Ratings for Northfield Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northfield Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.