Northfield Bancorp Inc (NASDAQ:NFBK) Director Annette Catino bought 6,000 shares of the firm’s stock in a transaction on Wednesday, October 31st. The shares were bought at an average price of $13.20 per share, with a total value of $79,200.00. Following the completion of the purchase, the director now owns 239,930 shares in the company, valued at approximately $3,167,076. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of NASDAQ:NFBK traded up $0.27 during midday trading on Friday, hitting $13.53. The company had a trading volume of 205 shares, compared to its average volume of 88,531. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.03 and a quick ratio of 1.09. The firm has a market capitalization of $657.76 million, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 2.03 and a beta of 0.41. Northfield Bancorp Inc has a 12-month low of $12.92 and a 12-month high of $18.39.
Northfield Bancorp (NASDAQ:NFBK) last posted its quarterly earnings data on Wednesday, October 24th. The bank reported $0.19 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.02). The company had revenue of $30.56 million during the quarter, compared to analysts’ expectations of $30.39 million. Northfield Bancorp had a return on equity of 5.87% and a net margin of 18.59%. On average, equities research analysts expect that Northfield Bancorp Inc will post 0.82 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Stockholders of record on Wednesday, November 7th will be paid a $0.10 dividend. The ex-dividend date is Tuesday, November 6th. This represents a $0.40 annualized dividend and a dividend yield of 2.96%. Northfield Bancorp’s dividend payout ratio (DPR) is 54.79%.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Northfield Bancorp from a “hold” rating to a “strong sell” rating in a research note on Thursday. BidaskClub upgraded shares of Northfield Bancorp from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 11th. ValuEngine lowered shares of Northfield Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, September 24th. Finally, Keefe, Bruyette & Woods reiterated a “neutral” rating on shares of Northfield Bancorp in a research note on Thursday, August 9th. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $17.75.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Northfield Bancorp by 7.3% in the 2nd quarter. BlackRock Inc. now owns 6,402,460 shares of the bank’s stock worth $106,409,000 after purchasing an additional 436,513 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Northfield Bancorp by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,542,428 shares of the bank’s stock worth $58,875,000 after purchasing an additional 115,381 shares in the last quarter. Northern Trust Corp increased its stake in shares of Northfield Bancorp by 0.6% in the 1st quarter. Northern Trust Corp now owns 584,936 shares of the bank’s stock worth $9,131,000 after purchasing an additional 3,715 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Northfield Bancorp by 3.0% in the 1st quarter. Principal Financial Group Inc. now owns 370,044 shares of the bank’s stock worth $5,776,000 after purchasing an additional 10,944 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Northfield Bancorp by 5.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 248,583 shares of the bank’s stock worth $4,132,000 after purchasing an additional 13,377 shares in the last quarter. Hedge funds and other institutional investors own 55.14% of the company’s stock.
Northfield Bancorp Company Profile
Northfield Bancorp, Inc operates as the bank holding company for Northfield Bank that provides various banking products and services primarily to individuals and corporate customers. It accepts various deposits products, including transaction accounts comprising negotiable orders of withdrawal accounts and non-interest bearing checking accounts; savings accounts, such as money market, passbook, and statement savings; certificates of deposit consisting of individual retirement accounts; and brokered deposits.
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