Insider Selling: Frank P. Patafio Sells 1,000 Shares of Northfield Bancorp Stock (NFBK)
Northfield Bancorp (NASDAQ:NFBK) Director Frank P. Patafio sold 1,000 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $13.00, for a total value of $13,000.00. Following the transaction, the director now directly owns 200,150 shares in the company, valued at approximately $2,601,950. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Northfield Bancorp (NASDAQ:NFBK) traded up 0.62% during mid-day trading on Friday, hitting $13.01. 149,623 shares of the company’s stock traded hands. Northfield Bancorp has a one year low of $11.85 and a one year high of $13.52. The stock’s 50-day moving average is $12.93 and its 200-day moving average is $12.84. The company has a market cap of $649.9 million and a P/E ratio of 34.03.
Northfield Bancorp (NASDAQ:NFBK) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.02. During the same quarter in the prior year, the company posted $0.09 earnings per share. On average, analysts predict that Northfield Bancorp will post $0.38 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, August 20th. Investors of record on Wednesday, August 6th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Monday, August 4th. This is an increase from Northfield Bancorp’s previous quarterly dividend of $0.06.
Separately, analysts at Boenning Scattergood downgraded shares of Northfield Bancorp from an “outperform” rating to a “neutral” rating in a research note on Monday, June 9th. They now have a $14.00 price target on the stock.
Northfield Bancorp, Inc is a holding company for Northfield Bank (NASDAQ:NFBK).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.