Northfield Bancorp, Inc. (NFBK) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System raised its position in shares of Northfield Bancorp, Inc. (NASDAQ:NFBK) by 9.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,699 shares of the bank’s stock after acquiring an additional 11,299 shares during the period. California Public Employees Retirement System owned approximately 0.27% of Northfield Bancorp worth $2,285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in shares of Northfield Bancorp by 1.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,237,391 shares of the bank’s stock worth $56,169,000 after acquiring an additional 42,437 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Northfield Bancorp by 5.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 218,091 shares of the bank’s stock worth $3,784,000 after acquiring an additional 11,577 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Northfield Bancorp by 41.6% during the 3rd quarter. Wells Fargo & Company MN now owns 61,936 shares of the bank’s stock worth $1,074,000 after acquiring an additional 18,196 shares in the last quarter. Citadel Advisors LLC raised its holdings in shares of Northfield Bancorp by 20.8% during the 3rd quarter. Citadel Advisors LLC now owns 170,021 shares of the bank’s stock worth $2,950,000 after acquiring an additional 29,266 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Northfield Bancorp by 4.4% during the 3rd quarter. Legal & General Group Plc now owns 83,956 shares of the bank’s stock worth $1,457,000 after acquiring an additional 3,561 shares in the last quarter. 53.07% of the stock is currently owned by institutional investors and hedge funds.

NFBK has been the topic of several recent research reports. Piper Jaffray Companies reaffirmed a “hold” rating and set a $18.00 price objective on shares of Northfield Bancorp in a report on Tuesday, January 9th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $17.00 price objective on shares of Northfield Bancorp in a report on Tuesday, October 3rd. Finally, BidaskClub cut Northfield Bancorp from a “hold” rating to a “sell” rating in a report on Friday, January 5th.

Northfield Bancorp, Inc. (NFBK) opened at $17.00 on Thursday. The firm has a market capitalization of $822.65, a P/E ratio of 22.74, a PEG ratio of 2.54 and a beta of 0.08. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.90. Northfield Bancorp, Inc. has a 12-month low of $15.35 and a 12-month high of $19.25.

Northfield Bancorp (NASDAQ:NFBK) last released its earnings results on Wednesday, October 25th. The bank reported $0.17 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.17. The firm had revenue of $29.97 million for the quarter, compared to the consensus estimate of $29.66 million. Northfield Bancorp had a return on equity of 4.97% and a net margin of 24.39%. analysts forecast that Northfield Bancorp, Inc. will post 0.73 earnings per share for the current year.

In other news, EVP Robin Lefkowitz sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $17.00, for a total transaction of $34,000.00. Following the transaction, the executive vice president now owns 30,433 shares of the company’s stock, valued at approximately $517,361. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 9.34% of the company’s stock.

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Northfield Bancorp Profile

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.

Institutional Ownership by Quarter for Northfield Bancorp (NASDAQ:NFBK)

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