Northfield Bancorp, Inc. (NASDAQ:NFBK) announced its quarterly earnings results on Wednesday. The bank reported $0.18 EPS for the quarter, topping the consensus estimate of $0.16 by $0.02, Bloomberg Earnings reports. Northfield Bancorp had a net margin of 23.34% and a return on equity of 4.74%. During the same period in the previous year, the company posted $0.15 EPS.

Shares of Northfield Bancorp (NFBK) traded down 2.00% during mid-day trading on Wednesday, reaching $16.69. 63,381 shares of the company’s stock traded hands. The company has a market cap of $751.42 million, a P/E ratio of 23.84 and a beta of 0.33. Northfield Bancorp has a 12-month low of $14.84 and a 12-month high of $20.59. The company’s 50 day moving average is $17.11 and its 200 day moving average is $17.79.

In other news, CEO John Wade Alexander sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $16.56, for a total value of $331,200.00. Following the sale, the chief executive officer now directly owns 480,697 shares of the company’s stock, valued at approximately $7,960,342.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Steven M. Klein sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $18.12, for a total transaction of $453,000.00. Following the completion of the sale, the chief operating officer now directly owns 301,400 shares in the company, valued at $5,461,368. The disclosure for this sale can be found here. Insiders have sold 67,986 shares of company stock worth $1,180,892 over the last ninety days. 10.50% of the stock is owned by insiders.

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Several analysts have commented on NFBK shares. BidaskClub cut shares of Northfield Bancorp from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Keefe, Bruyette & Woods set a $18.00 price target on shares of Northfield Bancorp and gave the stock a “hold” rating in a research note on Saturday, May 20th.

Northfield Bancorp Company Profile

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.

Earnings History for Northfield Bancorp (NASDAQ:NFBK)

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