Northfield Bancorp, Inc. (NASDAQ:NFBK) EVP Michael J. Widmer sold 10,000 shares of Northfield Bancorp stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $15.56, for a total transaction of $155,600.00. Following the transaction, the executive vice president now directly owns 147,633 shares in the company, valued at approximately $2,297,169.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Northfield Bancorp, Inc. (NFBK) traded up $0.46 during trading on Monday, hitting $15.82. 269,500 shares of the company’s stock traded hands, compared to its average volume of 105,115. Northfield Bancorp, Inc. has a 1 year low of $15.27 and a 1 year high of $19.25. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.17 and a current ratio of 1.11. The company has a market cap of $772.08, a PE ratio of 22.93, a P/E/G ratio of 2.69 and a beta of 0.29.
Northfield Bancorp (NASDAQ:NFBK) last posted its earnings results on Wednesday, January 24th. The bank reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.02. Northfield Bancorp had a net margin of 17.14% and a return on equity of 5.03%. The firm had revenue of $30.40 million for the quarter, compared to analysts’ expectations of $30.67 million. During the same quarter last year, the firm earned $0.18 EPS. sell-side analysts expect that Northfield Bancorp, Inc. will post 0.74 EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of NFBK. BlackRock Inc. increased its stake in shares of Northfield Bancorp by 2.1% during the 4th quarter. BlackRock Inc. now owns 5,817,669 shares of the bank’s stock worth $99,366,000 after purchasing an additional 120,290 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Northfield Bancorp by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,194,954 shares of the bank’s stock worth $54,794,000 after purchasing an additional 108,637 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Northfield Bancorp by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 3,919,386 shares of the bank’s stock worth $67,218,000 after purchasing an additional 72,692 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Northfield Bancorp by 223.6% during the 4th quarter. Arizona State Retirement System now owns 78,047 shares of the bank’s stock worth $1,333,000 after purchasing an additional 53,932 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its stake in shares of Northfield Bancorp by 12.8% during the 4th quarter. Mutual of America Capital Management LLC now owns 383,793 shares of the bank’s stock worth $6,555,000 after purchasing an additional 43,437 shares during the last quarter. Institutional investors own 53.54% of the company’s stock.
Several equities analysts have commented on NFBK shares. BidaskClub cut shares of Northfield Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $20.00 target price on shares of Northfield Bancorp in a research report on Friday, December 22nd. Zacks Investment Research cut shares of Northfield Bancorp from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Piper Jaffray Companies reissued a “hold” rating on shares of Northfield Bancorp in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $18.25.
COPYRIGHT VIOLATION NOTICE: This article was originally published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another domain, it was stolen and reposted in violation of international copyright and trademark laws. The original version of this article can be accessed at https://www.americanbankingnews.com/2018/02/12/insider-selling-northfield-bancorp-inc-nfbk-evp-sells-10000-shares-of-stock.html.
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.
Receive News & Ratings for Northfield Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northfield Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.