Northfield Bancorp Director Sells $13,000 in Stock (NFBK)
Northfield Bancorp (NASDAQ:NFBK) Director Frank P. Patafio sold 1,000 shares of the stock on the open market in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $13.00, for a total transaction of $13,000.00. Following the completion of the sale, the director now directly owns 200,150 shares of the company’s stock, valued at approximately $2,601,950. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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.
Shares of Northfield Bancorp (NASDAQ:NFBK) traded up 0.62% on Friday, hitting $13.01. 149,623 shares of the company’s stock traded hands. Northfield Bancorp has a 52-week low of $11.85 and a 52-week 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 price-to-earnings ratio of 34.03.
Northfield Bancorp (NASDAQ:NFBK) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. During the same quarter in the previous year, the company posted $0.09 earnings per share. Analysts expect that Northfield Bancorp will post $0.38 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, August 20th. Stockholders of record on Wednesday, August 6th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Monday, August 4th. This is a boost from Northfield Bancorp’s previous quarterly dividend of $0.06.
Northfield Bancorp, Inc is a holding company for Northfield Bank (NASDAQ:NFBK).
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