Northfield Bancorp, Inc. (NASDAQ:NFBK) EVP Michael J. Widmer sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $15.56, for a total transaction of $155,600.00. Following the completion of the sale, the executive vice president now directly owns 147,633 shares of the company’s stock, valued at approximately $2,297,169.48. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Northfield Bancorp, Inc. (NFBK) opened at $15.67 on Tuesday. Northfield Bancorp, Inc. has a 52-week low of $15.27 and a 52-week high of $19.25. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.17 and a current ratio of 1.11. The company has a market cap of $772.08, a P/E ratio of 30.14, a P/E/G ratio of 2.69 and a beta of 0.29.
Northfield Bancorp (NASDAQ:NFBK) last posted its earnings results on Wednesday, January 24th. The bank reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.02. Northfield Bancorp had a net margin of 17.14% and a return on equity of 5.03%. The company had revenue of $30.40 million during the quarter, compared to analysts’ expectations of $30.67 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. equities analysts forecast that Northfield Bancorp, Inc. will post 0.74 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Investors of record on Wednesday, February 7th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, February 6th. This represents a $0.40 dividend on an annualized basis and a yield of 2.55%.
NFBK has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Northfield Bancorp from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Thursday, February 8th. BidaskClub raised shares of Northfield Bancorp from a “strong sell” rating to a “sell” rating in a research report on Saturday. Piper Jaffray Companies reissued a “hold” rating and set a $18.00 target price on shares of Northfield Bancorp in a research report on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $20.00 target price on shares of Northfield Bancorp in a research report on Friday, December 22nd. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Northfield Bancorp presently has an average rating of “Hold” and an average target price of $18.25.
Large investors have recently bought and sold shares of the stock. Piedmont Investment Advisors LLC purchased a new stake in Northfield Bancorp during the third quarter valued at approximately $175,000. GSA Capital Partners LLP purchased a new position in shares of Northfield Bancorp in the second quarter worth $181,000. SG Americas Securities LLC purchased a new position in shares of Northfield Bancorp in the third quarter worth $199,000. Crossmark Global Holdings Inc. purchased a new position in shares of Northfield Bancorp in the third quarter worth $243,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Northfield Bancorp in the fourth quarter worth $260,000. 53.54% of the stock is owned by institutional investors.
ILLEGAL ACTIVITY NOTICE: This piece was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece on another site, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be read at https://www.dispatchtribunal.com/2018/02/13/northfield-bancorp-inc-nfbk-evp-michael-j-widmer-sells-10000-shares-of-stock.html.
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.
Receive News & Ratings for Northfield Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northfield Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.