BNP Paribas Arbitrage SA Purchases 5,805 Shares of Northfield Bancorp, Inc. (NFBK)
BNP Paribas Arbitrage SA boosted its position in Northfield Bancorp, Inc. (NASDAQ:NFBK) by 58.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,723 shares of the bank’s stock after buying an additional 5,805 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Northfield Bancorp were worth $270,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. LS Investment Advisors LLC raised its position in Northfield Bancorp by 247.5% in the 1st quarter. LS Investment Advisors LLC now owns 5,539 shares of the bank’s stock valued at $100,000 after buying an additional 3,945 shares during the last quarter. Sei Investments Co. raised its position in Northfield Bancorp by 6.0% in the 1st quarter. Sei Investments Co. now owns 8,144 shares of the bank’s stock valued at $147,000 after buying an additional 462 shares during the last quarter. State of Alaska Department of Revenue raised its position in Northfield Bancorp by 80.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 8,969 shares of the bank’s stock valued at $153,000 after buying an additional 3,989 shares during the last quarter. Karp Capital Management Corp acquired a new stake in Northfield Bancorp in the 1st quarter valued at approximately $189,000. Finally, Mason Street Advisors LLC raised its position in Northfield Bancorp by 7.5% in the 1st quarter. Mason Street Advisors LLC now owns 10,553 shares of the bank’s stock valued at $190,000 after buying an additional 740 shares during the last quarter. 53.41% of the stock is currently owned by institutional investors and hedge funds.
NFBK has been the topic of a number of recent research reports. BidaskClub lowered Northfield Bancorp from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Piper Jaffray Companies reissued a “hold” rating and issued a $16.50 target price on shares of Northfield Bancorp in a research report on Thursday, August 3rd. Finally, DA Davidson initiated coverage on Northfield Bancorp in a research report on Friday, September 1st. They issued a “neutral” rating and a $17.00 target price on the stock.
Northfield Bancorp, Inc. (NASDAQ NFBK) opened at 16.40 on Thursday. The firm has a market cap of $742.13 million, a price-to-earnings ratio of 22.47 and a beta of 0.34. Northfield Bancorp, Inc. has a 52-week low of $14.88 and a 52-week high of $20.59. The firm’s 50 day moving average price is $16.05 and its 200 day moving average price is $17.12.
Northfield Bancorp (NASDAQ:NFBK) last announced its quarterly earnings results on Wednesday, July 26th. The bank reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.03. The business had revenue of $29.35 million for the quarter, compared to analyst estimates of $26.20 million. Northfield Bancorp had a return on equity of 4.93% and a net margin of 24.13%. During the same quarter in the prior year, the company earned $0.15 earnings per share. Equities research analysts anticipate that Northfield Bancorp, Inc. will post $0.74 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th were issued a $0.08 dividend. The ex-dividend date was Monday, August 7th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.95%. Northfield Bancorp’s dividend payout ratio is presently 43.84%.
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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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