Insider Buying: Northfield Bancorp (NASDAQ:NFBK) Director Purchases $131,900.00 in Stock

Northfield Bancorp, Inc. (NASDAQ:NFBK) Director Paul Stahlin bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were bought at an average cost of $13.19 per share, for a total transaction of $131,900.00. Following the transaction, the director owned 54,354 shares of the company’s stock, valued at $716,929.26. The trade was a 22.55% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Northfield Bancorp Trading Down 0.8%

NASDAQ NFBK opened at $13.22 on Friday. The firm has a market capitalization of $552.07 million, a P/E ratio of 1,322.00 and a beta of 0.82. The business has a fifty day simple moving average of $12.98 and a 200 day simple moving average of $11.86. Northfield Bancorp, Inc. has a 12 month low of $9.40 and a 12 month high of $14.05. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.39.

Northfield Bancorp (NASDAQ:NFBK) last posted its quarterly earnings data on Tuesday, February 3rd. The bank reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. Northfield Bancorp had a net margin of 0.30% and a return on equity of 5.91%. The firm had revenue of $78.01 million for the quarter, compared to the consensus estimate of $39.48 million. On average, analysts predict that Northfield Bancorp, Inc. will post 0.82 EPS for the current fiscal year.

Northfield Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Thursday, February 12th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Thursday, February 12th. Northfield Bancorp’s dividend payout ratio (DPR) is presently 5,200.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NFBK. Weiss Ratings downgraded shares of Northfield Bancorp from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, March 4th. New Street Research set a $14.50 target price on shares of Northfield Bancorp in a research report on Friday, February 6th. Finally, Keefe, Bruyette & Woods boosted their target price on Northfield Bancorp from $12.00 to $14.50 and gave the stock a “hold” rating in a research note on Friday, February 6th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $14.33.

Hedge Funds Weigh In On Northfield Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Hillsdale Investment Management Inc. increased its holdings in Northfield Bancorp by 156.8% during the third quarter. Hillsdale Investment Management Inc. now owns 532,920 shares of the bank’s stock worth $6,288,000 after buying an additional 325,400 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Northfield Bancorp by 94.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 597,877 shares of the bank’s stock valued at $6,864,000 after acquiring an additional 290,030 shares during the period. Bank of America Corp DE increased its stake in shares of Northfield Bancorp by 181.9% during the 3rd quarter. Bank of America Corp DE now owns 296,137 shares of the bank’s stock worth $3,494,000 after purchasing an additional 191,079 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Northfield Bancorp during the 3rd quarter worth approximately $1,941,000. Finally, O Shaughnessy Asset Management LLC raised its holdings in shares of Northfield Bancorp by 99.4% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 218,707 shares of the bank’s stock worth $2,500,000 after purchasing an additional 109,012 shares during the period. 65.51% of the stock is owned by hedge funds and other institutional investors.

Northfield Bancorp Company Profile

Northfield Bancorp is the bank holding company for Northfield Bank, a New Jersey‐based community bank offering a full range of financial products and services. Headquartered in New Jersey, the company serves individuals, families and small to mid‐sized businesses across Northern and Central New Jersey. Northfield Bancorp focuses on building lasting customer relationships through a combination of personalized service and technology‐driven solutions.

Through its subsidiary, Northfield Bank provides personal banking services such as checking and savings accounts, consumer loans, mortgage products and home equity lines of credit.