Numeric Investors LLC purchased a new position in Northfield Bancorp, Inc. (NASDAQ:NFBK) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 11,700 shares of the bank’s stock, valued at approximately $234,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in NFBK. MSI Financial Services Inc raised its stake in shares of Northfield Bancorp by 0.5% in the third quarter. MSI Financial Services Inc now owns 6,422 shares of the bank’s stock valued at $103,000 after buying an additional 31 shares during the period. Sei Investments Co. raised its stake in shares of Northfield Bancorp by 159.1% in the third quarter. Sei Investments Co. now owns 7,161 shares of the bank’s stock valued at $115,000 after buying an additional 4,397 shares during the period. First Quadrant L P CA purchased a new stake in shares of Northfield Bancorp during the third quarter valued at $119,000. Municipal Employees Retirement System of Michigan raised its stake in shares of Northfield Bancorp by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 8,690 shares of the bank’s stock valued at $140,000 after buying an additional 140 shares during the period. Finally, Allianz Asset Management AG raised its stake in shares of Northfield Bancorp by 11.8% in the fourth quarter. Allianz Asset Management AG now owns 14,579 shares of the bank’s stock valued at $291,000 after buying an additional 1,544 shares during the period. Institutional investors own 57.28% of the company’s stock.
Shares of Northfield Bancorp, Inc. (NASDAQ:NFBK) traded up 1.37% during mid-day trading on Thursday, hitting $18.17. The stock had a trading volume of 99,303 shares. The stock has a market cap of $811.24 million, a price-to-earnings ratio of 31.88 and a beta of 0.29. Northfield Bancorp, Inc. has a 12-month low of $14.31 and a 12-month high of $20.59. The firm’s 50-day moving average price is $17.99 and its 200 day moving average price is $18.13.
Northfield Bancorp (NASDAQ:NFBK) last posted its quarterly earnings data on Wednesday, January 25th. The bank reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.02. The firm earned $29.33 million during the quarter, compared to analyst estimates of $26.20 million. Northfield Bancorp had a net margin of 19.35% and a return on equity of 4.61%. During the same quarter last year, the business posted $0.13 EPS. Equities analysts forecast that Northfield Bancorp, Inc. will post $0.64 EPS for the current fiscal year.
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In other news, CEO John Wade Alexander sold 177,312 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $18.29, for a total transaction of $3,243,036.48. Following the completion of the sale, the chief executive officer now owns 612,975 shares in the company, valued at approximately $11,211,312.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gil Chapman sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, January 30th. The stock was sold at an average price of $18.00, for a total transaction of $144,000.00. Following the sale, the director now owns 83,397 shares of the company’s stock, valued at approximately $1,501,146. The disclosure for this sale can be found here. In the last quarter, insiders sold 251,412 shares of company stock valued at $4,584,631. Company insiders own 10.50% 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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