Northfield Bancorp, Inc. (NASDAQ:NFBK) Director Patrick E. Scura, Jr. sold 33,905 shares of Northfield Bancorp stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $15.65, for a total transaction of $530,613.25. Following the completion of the transaction, the director now directly owns 80,043 shares of the company’s stock, valued at approximately $1,252,672.95. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Northfield Bancorp, Inc. (NASDAQ:NFBK) traded up $0.13 during midday trading on Tuesday, hitting $15.80. 96,421 shares of the stock were exchanged, compared to its average volume of 108,074. The company has a current ratio of 1.11, a quick ratio of 1.17 and a debt-to-equity ratio of 0.73. The firm has a market cap of $772.08, a PE ratio of 30.39, a PEG ratio of 2.69 and a beta of 0.29. Northfield Bancorp, Inc. has a one year low of $15.27 and a one year high of $19.25.
Northfield Bancorp (NASDAQ:NFBK) last posted its earnings results on Wednesday, January 24th. The bank reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The company had revenue of $30.40 million during the quarter, compared to analysts’ expectations of $30.67 million. Northfield Bancorp had a net margin of 17.14% and a return on equity of 5.03%. During the same quarter last year, the company posted $0.18 EPS. equities analysts anticipate that Northfield Bancorp, Inc. will post 0.74 EPS for the current fiscal year.
A number of brokerages have recently commented on NFBK. BidaskClub raised shares of Northfield Bancorp from a “strong sell” rating to a “sell” rating in a research report on Saturday. Zacks Investment Research downgraded shares of Northfield Bancorp from a “buy” rating to a “hold” rating in a research report on Friday. Piper Jaffray Companies reissued a “hold” rating and issued a $18.00 price objective on shares of Northfield Bancorp in a research report on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $20.00 price objective on shares of Northfield Bancorp in a research report on Friday, December 22nd. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $18.25.
Several hedge funds and other institutional investors have recently bought and sold shares of NFBK. Schwab Charles Investment Management Inc. lifted its stake in shares of Northfield Bancorp by 1.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 206,514 shares of the bank’s stock worth $3,542,000 after buying an additional 1,946 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Northfield Bancorp by 23.9% during the 2nd quarter. Wells Fargo & Company MN now owns 43,740 shares of the bank’s stock worth $750,000 after buying an additional 8,443 shares during the last quarter. Teachers Advisors LLC lifted its stake in shares of Northfield Bancorp by 3.5% during the 2nd quarter. Teachers Advisors LLC now owns 100,254 shares of the bank’s stock worth $1,719,000 after buying an additional 3,432 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Northfield Bancorp by 8.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 260,543 shares of the bank’s stock worth $4,468,000 after buying an additional 19,575 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in shares of Northfield Bancorp by 0.5% during the 2nd quarter. BlackRock Inc. now owns 5,519,013 shares of the bank’s stock worth $94,653,000 after buying an additional 24,921 shares during the last quarter. Institutional investors own 53.54% of the company’s stock.
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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.
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