6 Meridian lifted its position in Northfield Bancorp Inc (NASDAQ:NFBK) by 6.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 52,807 shares of the bank’s stock after purchasing an additional 3,257 shares during the period. 6 Meridian owned 0.11% of Northfield Bancorp worth $896,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. California Public Employees Retirement System boosted its holdings in shares of Northfield Bancorp by 0.7% in the third quarter. California Public Employees Retirement System now owns 103,363 shares of the bank’s stock valued at $1,660,000 after purchasing an additional 707 shares during the period. Rhumbline Advisers boosted its holdings in shares of Northfield Bancorp by 2.9% in the third quarter. Rhumbline Advisers now owns 143,256 shares of the bank’s stock valued at $2,301,000 after purchasing an additional 4,015 shares during the period. Royal Bank of Canada boosted its holdings in shares of Northfield Bancorp by 33.1% in the second quarter. Royal Bank of Canada now owns 2,662 shares of the bank’s stock valued at $41,000 after purchasing an additional 662 shares during the period. Millennium Management LLC purchased a new stake in shares of Northfield Bancorp in the third quarter valued at approximately $1,178,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Northfield Bancorp by 1.8% in the second quarter. Charles Schwab Investment Management Inc. now owns 270,934 shares of the bank’s stock valued at $4,230,000 after purchasing an additional 4,893 shares during the period. Hedge funds and other institutional investors own 58.28% of the company’s stock.
A number of brokerages recently issued reports on NFBK. BidaskClub lowered Northfield Bancorp from a “sell” rating to a “strong sell” rating in a report on Friday, January 10th. ValuEngine upgraded Northfield Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, December 21st.
In related news, Director Patrick Louis Ryan sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $16.96, for a total value of $84,800.00. Following the completion of the transaction, the director now owns 35,764 shares of the company’s stock, valued at $606,557.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Annette Catino sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $16.96, for a total transaction of $169,600.00. Following the completion of the transaction, the director now directly owns 229,930 shares of the company’s stock, valued at approximately $3,899,612.80. The disclosure for this sale can be found here. Insiders sold 16,544 shares of company stock valued at $280,555 in the last three months. 8.60% of the stock is currently owned by insiders.
Shares of NASDAQ NFBK opened at $16.56 on Wednesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market capitalization of $814.09 million, a price-to-earnings ratio of 21.78 and a beta of 0.56. The stock has a 50 day moving average price of $16.93 and a 200 day moving average price of $16.26. Northfield Bancorp Inc has a 52-week low of $13.35 and a 52-week high of $17.55.
Northfield Bancorp (NASDAQ:NFBK) last announced its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. The firm had revenue of $33.55 million during the quarter. Northfield Bancorp had a return on equity of 5.41% and a net margin of 23.19%. Analysts forecast that Northfield Bancorp Inc will post 0.83 earnings per share for the current year.
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.
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