Northfield Bancorp, Inc. (NASDAQ:NFBK) Director Gil Chapman sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $16.00, for a total value of $96,000.00. Following the completion of the transaction, the director now directly owns 94,313 shares in the company, valued at $1,509,008. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Gil Chapman also recently made the following trade(s):
- On Tuesday, February 20th, Gil Chapman sold 4,351 shares of Northfield Bancorp stock. The stock was sold at an average price of $16.28, for a total value of $70,834.28.
- On Friday, February 2nd, Gil Chapman sold 12,000 shares of Northfield Bancorp stock. The stock was sold at an average price of $16.74, for a total value of $200,880.00.
- On Monday, February 5th, Gil Chapman sold 16,102 shares of Northfield Bancorp stock. The stock was sold at an average price of $16.73, for a total value of $269,386.46.
Shares of Northfield Bancorp, Inc. (NFBK) opened at $16.13 on Thursday. The company has a quick ratio of 1.17, a current ratio of 1.11 and a debt-to-equity ratio of 0.73. Northfield Bancorp, Inc. has a 12 month low of $15.27 and a 12 month high of $19.25. The stock has a market capitalization of $787.21, a P/E ratio of 23.38, a price-to-earnings-growth ratio of 2.50 and a beta of 0.29.
Northfield Bancorp (NASDAQ:NFBK) last released its quarterly earnings data on Wednesday, January 24th. The bank reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.02. Northfield Bancorp had a return on equity of 5.03% and a net margin of 17.14%. The business had revenue of $30.40 million for the quarter, compared to the consensus estimate of $30.67 million. During the same quarter in the previous year, the company posted $0.18 EPS. sell-side analysts expect that Northfield Bancorp, Inc. will post 0.81 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Wednesday, February 7th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Tuesday, February 6th. Northfield Bancorp’s payout ratio is 76.92%.
A number of research firms have issued reports on NFBK. Zacks Investment Research raised Northfield Bancorp from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Thursday, February 8th. BidaskClub raised Northfield Bancorp from a “strong sell” rating to a “sell” rating in a research note on Saturday, February 10th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $18.00 price objective on shares of Northfield Bancorp in a research note on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $20.00 price objective on shares of Northfield Bancorp in a research note on Friday, December 22nd. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $18.25.
A number of large investors have recently added to or reduced their stakes in the business. Piedmont Investment Advisors LLC bought a new position in shares of Northfield Bancorp during the 3rd quarter valued at approximately $175,000. GSA Capital Partners LLP bought a new position in shares of Northfield Bancorp during the 2nd quarter valued at approximately $181,000. SG Americas Securities LLC bought a new position in shares of Northfield Bancorp during the 3rd quarter valued at approximately $199,000. Crossmark Global Holdings Inc. bought a new position in shares of Northfield Bancorp during the 3rd quarter valued at approximately $243,000. Finally, Teacher Retirement System of Texas bought a new position in shares of Northfield Bancorp during the 4th quarter valued at approximately $260,000. 53.64% of the stock is currently owned by institutional investors and hedge funds.
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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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