Northfield Bancorp, Inc. (NASDAQ:NFBK) Director Patrick E. Scura, Jr. sold 53,905 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $15.68, for a total value of $845,230.40. Following the sale, the director now owns 80,043 shares of the company’s stock, valued at approximately $1,255,074.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Northfield Bancorp, Inc. (NASDAQ NFBK) traded up $0.13 during trading hours on Tuesday, hitting $15.80. The stock had a trading volume of 96,421 shares, compared to its average volume of 108,074. The company has a quick ratio of 1.17, a current ratio of 1.11 and a debt-to-equity ratio of 0.73. Northfield Bancorp, Inc. has a 1-year low of $15.27 and a 1-year high of $19.25. The stock 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 issued its earnings results on Wednesday, January 24th. The bank reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.02. The business had revenue of $30.40 million during the quarter, compared to analysts’ expectations of $30.67 million. Northfield Bancorp had a return on equity of 5.03% and a net margin of 17.14%. During the same quarter in the previous year, the business earned $0.18 EPS. research analysts expect that Northfield Bancorp, Inc. will post 0.74 EPS for the current year.
A number of analysts have recently issued reports on NFBK shares. BidaskClub cut Northfield Bancorp from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $20.00 target price on shares of Northfield Bancorp in a report on Friday, December 22nd. Zacks Investment Research cut Northfield Bancorp from a “buy” rating to a “hold” rating in a report on Friday. Finally, Piper Jaffray Companies reiterated a “hold” rating on shares of Northfield Bancorp in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $18.25.
Institutional investors have recently added to or reduced their stakes in the stock. Piedmont Investment Advisors LLC acquired a new position in Northfield Bancorp during the 3rd quarter worth approximately $175,000. GSA Capital Partners LLP acquired a new position in Northfield Bancorp during the 2nd quarter worth approximately $181,000. SG Americas Securities LLC acquired a new position in Northfield Bancorp during the 3rd quarter worth approximately $199,000. Crossmark Global Holdings Inc. acquired a new position in Northfield Bancorp during the 3rd quarter worth approximately $243,000. Finally, Teacher Retirement System of Texas acquired a new position in Northfield Bancorp during the 4th quarter worth approximately $260,000. 53.54% of the stock is currently owned by hedge funds and other institutional investors.
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.
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