Insider Selling: Northfield Bancorp, Inc. (NFBK) EVP Sells 10,000 Shares of Stock

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.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 21st. Stockholders of record on Wednesday, February 7th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, February 6th. This represents a $0.40 annualized dividend and a dividend yield of 2.53%. Northfield Bancorp’s payout ratio is currently 76.92%.

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.

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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.

Insider Buying and Selling by Quarter for Northfield Bancorp (NASDAQ:NFBK)

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