John Wade Alexander Sells 50,000 Shares of Northfield Bancorp Inc (NASDAQ:NFBK) Stock

Northfield Bancorp Inc (NASDAQ:NFBK) Chairman John Wade Alexander sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $16.12, for a total transaction of $806,000.00. Following the completion of the transaction, the chairman now directly owns 450,413 shares of the company’s stock, valued at approximately $7,260,657.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

John Wade Alexander also recently made the following trade(s):

  • On Tuesday, September 10th, John Wade Alexander sold 12,998 shares of Northfield Bancorp stock. The stock was sold at an average price of $15.90, for a total transaction of $206,668.20.
  • On Thursday, September 5th, John Wade Alexander sold 863 shares of Northfield Bancorp stock. The stock was sold at an average price of $15.90, for a total transaction of $13,721.70.
  • On Thursday, August 1st, John Wade Alexander sold 780 shares of Northfield Bancorp stock. The stock was sold at an average price of $15.90, for a total transaction of $12,402.00.
  • On Tuesday, July 30th, John Wade Alexander sold 2,400 shares of Northfield Bancorp stock. The stock was sold at an average price of $15.91, for a total transaction of $38,184.00.

Northfield Bancorp stock traded down $0.06 during trading on Friday, reaching $16.04. The stock had a trading volume of 294,484 shares, compared to its average volume of 94,721. Northfield Bancorp Inc has a 52-week low of $12.76 and a 52-week high of $16.31. The business has a 50 day moving average price of $15.59 and a 200 day moving average price of $15.08. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.98. The stock has a market cap of $782.65 million, a PE ratio of 21.11, a P/E/G ratio of 2.58 and a beta of 0.54.

Northfield Bancorp (NASDAQ:NFBK) last issued its quarterly earnings results on Wednesday, July 24th. The bank reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). Northfield Bancorp had a return on equity of 4.88% and a net margin of 21.75%. The firm had revenue of $29.73 million during the quarter, compared to analysts’ expectations of $29.96 million. On average, equities analysts predict that Northfield Bancorp Inc will post 0.77 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th were paid a $0.11 dividend. The ex-dividend date was Tuesday, August 6th. This represents a $0.44 dividend on an annualized basis and a yield of 2.74%. Northfield Bancorp’s dividend payout ratio is currently 57.89%.

NFBK has been the subject of a number of recent research reports. BidaskClub upgraded shares of Northfield Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. Zacks Investment Research upgraded shares of Northfield Bancorp from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Tuesday, July 30th.

A number of institutional investors have recently modified their holdings of NFBK. Nuveen Asset Management LLC purchased a new position in Northfield Bancorp in the second quarter worth approximately $3,951,000. Morgan Stanley lifted its position in shares of Northfield Bancorp by 90.2% during the 2nd quarter. Morgan Stanley now owns 216,644 shares of the bank’s stock worth $3,382,000 after buying an additional 102,721 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of Northfield Bancorp by 1,200.4% during the 1st quarter. Acadian Asset Management LLC now owns 84,318 shares of the bank’s stock worth $1,172,000 after buying an additional 77,834 shares during the last quarter. Wall Street Access Asset Management LLC purchased a new stake in shares of Northfield Bancorp during the 2nd quarter worth approximately $660,000. Finally, Northern Trust Corp lifted its position in shares of Northfield Bancorp by 6.2% during the 2nd quarter. Northern Trust Corp now owns 631,644 shares of the bank’s stock worth $9,860,000 after buying an additional 37,014 shares during the last quarter. Institutional investors own 57.90% of the company’s stock.

Northfield Bancorp Company Profile

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 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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