Northfield Bancorp, Inc. (NASDAQ:NFBK) Director Patrick E. Scura, Jr. sold 33,905 shares of Northfield Bancorp stock in a transaction on Friday, February 9th. The shares were sold at an average price of $15.65, for a total value of $530,613.25. Following the completion of the transaction, the director now owns 80,043 shares in the company, valued at approximately $1,252,672.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Northfield Bancorp, Inc. (NASDAQ:NFBK) opened at $16.13 on Wednesday. The company has a market capitalization of $791.60, a P/E ratio of 31.02, a PEG ratio of 2.52 and a beta of 0.29. Northfield Bancorp, Inc. has a fifty-two week low of $15.27 and a fifty-two week high of $19.25. The company has a current ratio of 1.11, a quick ratio of 1.17 and a debt-to-equity ratio of 0.73.
Northfield Bancorp (NASDAQ:NFBK) last posted its earnings results on Wednesday, January 24th. The bank reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.02. The company had revenue of $30.40 million during the quarter, compared to analyst estimates of $30.67 million. Northfield Bancorp had a return on equity of 5.03% and a net margin of 17.14%. During the same period in the prior year, the company earned $0.18 earnings per share. sell-side analysts predict that Northfield Bancorp, Inc. will post 0.81 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 21st. Stockholders of record on Wednesday, February 7th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $0.40 annualized dividend and a dividend yield of 2.48%. Northfield Bancorp’s dividend payout ratio is presently 76.92%.
NFBK has been the topic of a number of recent research reports. BidaskClub cut Northfield Bancorp from a “sell” rating to a “strong sell” rating in a research note on Friday, January 26th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $20.00 target price on shares of Northfield Bancorp in a research report on Friday, December 22nd. Piper Jaffray Companies reaffirmed a “hold” rating on shares of Northfield Bancorp in a research report on Friday, November 10th. Finally, Zacks Investment Research raised Northfield Bancorp from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $18.25.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Thrivent Financial For Lutherans lifted its position in Northfield Bancorp by 7.3% in the second quarter. Thrivent Financial For Lutherans now owns 27,380 shares of the bank’s stock worth $470,000 after purchasing an additional 1,860 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Northfield Bancorp by 1.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 206,514 shares of the bank’s stock worth $3,542,000 after purchasing an additional 1,946 shares during the period. Voya Investment Management LLC lifted its position in Northfield Bancorp by 7.4% in the second quarter. Voya Investment Management LLC now owns 28,740 shares of the bank’s stock worth $493,000 after purchasing an additional 1,970 shares during the period. Teachers Advisors LLC lifted its position in Northfield Bancorp by 3.5% in the second quarter. Teachers Advisors LLC now owns 100,254 shares of the bank’s stock worth $1,719,000 after purchasing an additional 3,432 shares during the period. Finally, Legal & General Group Plc lifted its position in Northfield Bancorp by 4.4% in the third quarter. Legal & General Group Plc now owns 83,956 shares of the bank’s stock worth $1,457,000 after purchasing an additional 3,561 shares during the period. Hedge funds and other institutional investors own 53.64% of the company’s stock.
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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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