Northfield Bancorp, Inc. (NFBK) EVP Michael J. Widmer Sells 10,000 Shares of Stock

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.

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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.

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