Citigroup Inc. Has $699,000 Stake in Northfield Bancorp, Inc. (NFBK)

Citigroup Inc. lifted its holdings in shares of Northfield Bancorp, Inc. (NASDAQ:NFBK) by 0.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 40,759 shares of the bank’s stock after acquiring an additional 103 shares during the quarter. Citigroup Inc. owned 0.09% of Northfield Bancorp worth $699,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Louisiana State Employees Retirement System increased its position in shares of Northfield Bancorp by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the bank’s stock worth $317,000 after acquiring an additional 100 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Northfield Bancorp by 1.5% during the first quarter. BNP Paribas Arbitrage SA now owns 9,918 shares of the bank’s stock worth $179,000 after acquiring an additional 142 shares during the last quarter. Arizona State Retirement System increased its position in shares of Northfield Bancorp by 0.9% during the second quarter. Arizona State Retirement System now owns 23,715 shares of the bank’s stock worth $407,000 after acquiring an additional 200 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Northfield Bancorp by 0.4% during the first quarter. Prudential Financial Inc. now owns 83,298 shares of the bank’s stock worth $1,501,000 after acquiring an additional 300 shares during the last quarter. Finally, Sei Investments Co. increased its position in shares of Northfield Bancorp by 6.0% during the first quarter. Sei Investments Co. now owns 8,144 shares of the bank’s stock worth $147,000 after acquiring an additional 462 shares during the last quarter. 53.41% of the stock is currently owned by institutional investors and hedge funds.

Shares of Northfield Bancorp, Inc. (NASDAQ:NFBK) opened at 17.47 on Wednesday. The company has a market capitalization of $790.55 million, a price-to-earnings ratio of 23.93 and a beta of 0.33. Northfield Bancorp, Inc. has a one year low of $14.88 and a one year high of $20.59. The company has a 50-day moving average price of $16.41 and a 200 day moving average price of $17.00.

Northfield Bancorp (NASDAQ:NFBK) last announced its quarterly earnings data on Wednesday, July 26th. The bank reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.03. The business had revenue of $29.35 million during the quarter, compared to analyst estimates of $26.20 million. Northfield Bancorp had a net margin of 24.13% and a return on equity of 4.93%. During the same quarter in the prior year, the business earned $0.15 earnings per share. On average, analysts forecast that Northfield Bancorp, Inc. will post $0.74 EPS for the current fiscal year.

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NFBK has been the topic of a number of analyst reports. Piper Jaffray Companies reaffirmed a “hold” rating and set a $16.50 target price on shares of Northfield Bancorp in a research report on Thursday, August 3rd. BidaskClub lowered Northfield Bancorp from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $17.00 price objective on shares of Northfield Bancorp in a report on Tuesday, October 3rd. Finally, DA Davidson started coverage on Northfield Bancorp in a report on Friday, September 1st. They issued a “neutral” rating and a $17.00 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.

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

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