Louisiana State Employees Retirement System boosted its position in Northfield Bancorp Inc. (NASDAQ:NFBK) by 15.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,900 shares of the company’s stock after buying an additional 2,600 shares during the period. Louisiana State Employees Retirement System’s holdings in Northfield Bancorp were worth $320,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. MSI Financial Services Inc increased its stake in Northfield Bancorp by 0.5% in the third quarter. MSI Financial Services Inc now owns 6,422 shares of the company’s stock worth $103,000 after buying an additional 31 shares during the last quarter. First Quadrant L P CA bought a new stake in shares of Northfield Bancorp during the third quarter valued at $119,000. Mason Street Advisors LLC bought a new stake in shares of Northfield Bancorp during the second quarter valued at $114,000. BlackRock Inc. increased its stake in shares of Northfield Bancorp by 224.8% in the second quarter. BlackRock Inc. now owns 9,674 shares of the company’s stock valued at $144,000 after buying an additional 6,696 shares during the last quarter. Finally, Advisor Group Inc. bought a new stake in shares of Northfield Bancorp during the second quarter valued at $167,000. Institutional investors own 50.53% of the company’s stock.
Shares of Northfield Bancorp Inc. (NASDAQ:NFBK) traded up 0.48% during mid-day trading on Friday, reaching $18.84. The company’s stock had a trading volume of 40,522 shares. Northfield Bancorp Inc. has a 52-week low of $14.31 and a 52-week high of $18.84. The company has a 50-day moving average price of $16.88 and a 200 day moving average price of $15.78. The company has a market cap of $839.44 million, a PE ratio of 36.23 and a beta of 0.24.
Northfield Bancorp (NASDAQ:NFBK) last posted its quarterly earnings results on Wednesday, October 26th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. Northfield Bancorp had a return on equity of 4.27% and a net margin of 18.24%. During the same period last year, the firm earned $0.11 earnings per share. Equities analysts expect that Northfield Bancorp Inc. will post $0.55 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 23rd. Stockholders of record on Wednesday, November 9th were given a $0.08 dividend. The ex-dividend date was Monday, November 7th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.70%. Northfield Bancorp’s dividend payout ratio (DPR) is presently 61.54%.
Separately, Hovde Group assumed coverage on Northfield Bancorp in a research report on Friday, August 12th. They issued a “market perform” rating and a $16.00 price objective for the company.
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.