Timothy C. Harrison Acquires 1,290 Shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Stock

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Director Timothy C. Harrison bought 1,290 shares of the business’s stock in a transaction on Thursday, May 2nd. The stock was bought at an average price of $8.89 per share, with a total value of $11,468.10. Following the transaction, the director now owns 67,682 shares in the company, valued at $601,692.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Performance

Shares of NFBK opened at $9.01 on Friday. The company’s fifty day moving average is $9.26 and its 200-day moving average is $10.33. Northfield Bancorp, Inc. has a 12 month low of $7.99 and a 12 month high of $13.48. The firm has a market cap of $400.58 million, a price-to-earnings ratio of 12.01 and a beta of 0.71. The company has a quick ratio of 1.12, a current ratio of 1.10 and a debt-to-equity ratio of 1.58.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last announced its quarterly earnings results on Wednesday, April 24th. The bank reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.65% and a net margin of 14.02%. The business had revenue of $62.03 million for the quarter, compared to analyst estimates of $30.93 million. Equities analysts expect that Northfield Bancorp, Inc. will post 0.67 EPS for the current fiscal year.

Northfield Bancorp, Inc. (Staten Island, NY) Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be paid a dividend of $0.13 per share. The ex-dividend date is Tuesday, May 7th. This represents a $0.52 annualized dividend and a dividend yield of 5.77%. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio (DPR) is 69.33%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NFBK. SG Americas Securities LLC acquired a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the 3rd quarter valued at $222,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 118.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,832 shares of the bank’s stock valued at $150,000 after buying an additional 8,579 shares during the last quarter. Strs Ohio grew its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 7.0% in the 3rd quarter. Strs Ohio now owns 56,700 shares of the bank’s stock valued at $535,000 after buying an additional 3,700 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the 3rd quarter valued at $997,000. Finally, Illinois Municipal Retirement Fund acquired a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the 3rd quarter valued at $229,000. 65.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NFBK. TheStreet downgraded shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “b-” rating to a “c+” rating in a research report on Friday, March 1st. Piper Sandler cut their target price on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $13.00 to $11.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Keefe, Bruyette & Woods cut their target price on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $12.00 to $11.00 and set a “market perform” rating for the company in a research report on Friday, April 5th.

About Northfield Bancorp, Inc. (Staten Island, NY)

Northfield Bancorp, Inc (Staten Island, NY) operates as the bank holding company for Northfield Bank that provides various banking products and services primarily to individuals and corporate customers. It accepts various deposits products, including certificates of deposit, passbook, statement, and money market savings accounts; transaction deposit accounts comprising negotiable orders of withdrawal accounts, and interest and non-interest-bearing checking accounts; and brokered deposits.