Insider Selling: Northfield Bancorp Inc (NFBK) Director Sells 8,873 Shares of Stock

Northfield Bancorp Inc (NASDAQ:NFBK) Director John P. Connors, Jr. sold 8,873 shares of the firm’s stock in a transaction that occurred on Thursday, December 13th. The stock was sold at an average price of $13.39, for a total value of $118,809.47. Following the transaction, the director now owns 139,301 shares in the company, valued at approximately $1,865,240.39. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of NFBK stock opened at $13.42 on Friday. Northfield Bancorp Inc has a twelve month low of $12.92 and a twelve month high of $18.05. The company has a market capitalization of $664.87 million, a price-to-earnings ratio of 18.38, a P/E/G ratio of 2.00 and a beta of 0.62. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.67.

Northfield Bancorp (NASDAQ:NFBK) last announced its earnings results on Wednesday, October 24th. The bank reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.02). Northfield Bancorp had a net margin of 18.59% and a return on equity of 5.87%. The company had revenue of $30.56 million during the quarter, compared to analysts’ expectations of $30.39 million. On average, equities analysts expect that Northfield Bancorp Inc will post 0.84 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Wednesday, November 7th were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, November 6th. This represents a $0.40 annualized dividend and a dividend yield of 2.98%. Northfield Bancorp’s dividend payout ratio (DPR) is currently 54.79%.

Several hedge funds have recently made changes to their positions in NFBK. Sei Investments Co. grew its stake in shares of Northfield Bancorp by 4,853.1% in the 2nd quarter. Sei Investments Co. now owns 6,439 shares of the bank’s stock valued at $107,000 after purchasing an additional 6,309 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Northfield Bancorp by 70.2% in the 2nd quarter. Bank of Montreal Can now owns 7,386 shares of the bank’s stock valued at $122,000 after purchasing an additional 3,046 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Northfield Bancorp in the 2nd quarter valued at approximately $179,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Northfield Bancorp in the 3rd quarter valued at approximately $179,000. Finally, SG Americas Securities LLC grew its stake in shares of Northfield Bancorp by 111.1% in the 2nd quarter. SG Americas Securities LLC now owns 17,093 shares of the bank’s stock valued at $284,000 after purchasing an additional 8,994 shares during the last quarter. Institutional investors own 56.79% of the company’s stock.

A number of research analysts recently issued reports on NFBK shares. Zacks Investment Research downgraded Northfield Bancorp from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 1st. BidaskClub downgraded Northfield Bancorp from a “sell” rating to a “strong sell” rating in a research note on Thursday, September 20th. Finally, ValuEngine upgraded Northfield Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, December 11th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of $17.75.

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Northfield Bancorp Company Profile

Northfield Bancorp, Inc 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 transaction accounts comprising negotiable orders of withdrawal accounts and non-interest bearing checking accounts; savings accounts, such as money market, passbook, and statement savings; certificates of deposit consisting of individual retirement accounts; and brokered deposits.

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Insider Buying and Selling by Quarter for Northfield Bancorp (NASDAQ:NFBK)

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