Insider Selling: Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Director Sells 11,000 Shares of Stock

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Director Gil Chapman sold 11,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $11.89, for a total value of $130,790.00. Following the completion of the transaction, the director now owns 48,005 shares of the company’s stock, valued at $570,779.45. This represents a 18.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Down 2.2 %

Shares of Northfield Bancorp, Inc. (Staten Island, NY) stock opened at $11.38 on Friday. The firm has a market cap of $488.20 million, a PE ratio of 15.81 and a beta of 0.80. The business’s 50 day simple moving average is $11.72 and its 200 day simple moving average is $12.02. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.00 and a current ratio of 1.00. Northfield Bancorp, Inc. has a 52-week low of $6.98 and a 52-week high of $14.39.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last posted its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 11.76% and a return on equity of 4.12%. On average, analysts predict that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 5th were paid a dividend of $0.13 per share. The ex-dividend date was Wednesday, February 5th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.57%. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is 72.22%.

Analyst Ratings Changes

A number of brokerages have weighed in on NFBK. StockNews.com raised shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Keefe, Bruyette & Woods cut their price objective on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $14.25 to $13.00 and set a “market perform” rating on the stock in a research report on Monday, January 27th.

Hedge Funds Weigh In On Northfield Bancorp, Inc. (Staten Island, NY)

Several hedge funds have recently modified their holdings of NFBK. Creative Planning boosted its position in Northfield Bancorp, Inc. (Staten Island, NY) by 89.4% during the third quarter. Creative Planning now owns 55,993 shares of the bank’s stock valued at $650,000 after purchasing an additional 26,427 shares during the last quarter. Signaturefd LLC raised its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 227.2% during the 3rd quarter. Signaturefd LLC now owns 2,143 shares of the bank’s stock worth $25,000 after purchasing an additional 1,488 shares in the last quarter. PFG Investments LLC acquired a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the 3rd quarter valued at approximately $236,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the third quarter valued at $138,000. Finally, CWA Asset Management Group LLC acquired a new position in Northfield Bancorp, Inc. (Staten Island, NY) during the third quarter worth $1,084,000. Institutional investors own 65.51% of the company’s stock.

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.