Replies to post #6 on Northfield Bancorp, Inc. (NFBK)

[chmcnfunds]

This might be the key:

"Northfield Bancorp Inc (NASDAQ:NFBK) stock plunged 27.75% to $11.30. The Company’s securities available-for-sale portfolio totaled $1.28 billion at December 31, 2012, compared to $1.10 billion at December 31, 2011. At December 31, 2012, $1.18 billion of the portfolio consisted of residential mortgage-backed securities issued or guaranteed by Fannie Mae, Freddie Mac, or Ginnie Mae.

In addition, the company announced that it has completed the “second step” conversion of Northfield Bancorp, MHC (the “MHC”) and the Company’s related stock offering, effective as of the close of business today. As a result of the closing of the conversion and offering, the Company is now the holding company for Northfield Bank (the “Bank”)."

NFBK