Gil Chapman Sells 12,000 Shares of Northfield Bancorp, Inc. (NFBK) Stock
Northfield Bancorp, Inc. (NASDAQ:NFBK) Director Gil Chapman sold 12,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $16.74, for a total transaction of $200,880.00. Following the completion of the transaction, the director now owns 104,415 shares in the company, valued at approximately $1,747,907.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Gil Chapman also recently made the following trade(s):
- On Monday, February 5th, Gil Chapman sold 16,102 shares of Northfield Bancorp stock. The stock was sold at an average price of $16.73, for a total transaction of $269,386.46.
Northfield Bancorp, Inc. (NFBK) opened at $15.74 on Wednesday. Northfield Bancorp, Inc. has a 52-week low of $15.27 and a 52-week high of $19.25. The stock has a market capitalization of $778.42, a P/E ratio of 23.12, a PEG ratio of 2.71 and a beta of 0.29. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.17 and a current ratio of 1.11.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Stockholders of record on Wednesday, February 7th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, February 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.54%. Northfield Bancorp’s dividend payout ratio (DPR) is 76.92%.
NFBK has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Northfield Bancorp from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Tuesday, January 30th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $20.00 price objective on shares of Northfield Bancorp in a research note on Friday, December 22nd. Piper Jaffray Companies reaffirmed a “hold” rating on shares of Northfield Bancorp in a research note on Friday, November 10th. Finally, BidaskClub cut shares of Northfield Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Northfield Bancorp has an average rating of “Hold” and an average target price of $18.50.
Large investors have recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Northfield Bancorp by 0.5% during the 2nd quarter. BlackRock Inc. now owns 5,519,013 shares of the bank’s stock valued at $94,653,000 after buying an additional 24,921 shares in the last quarter. California Public Employees Retirement System lifted its holdings in Northfield Bancorp by 6.4% in the 2nd quarter. California Public Employees Retirement System now owns 120,400 shares of the bank’s stock valued at $2,065,000 after purchasing an additional 7,200 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Northfield Bancorp by 23.9% during the 2nd quarter. Wells Fargo & Company MN now owns 43,740 shares of the bank’s stock worth $750,000 after purchasing an additional 8,443 shares during the last quarter. Northern Trust Corp increased its position in shares of Northfield Bancorp by 4.5% during the 2nd quarter. Northern Trust Corp now owns 589,775 shares of the bank’s stock worth $10,115,000 after purchasing an additional 25,169 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Northfield Bancorp by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 3,919,386 shares of the bank’s stock worth $67,218,000 after purchasing an additional 72,692 shares during the last quarter. Hedge funds and other institutional investors own 52.97% of the company’s stock.
Northfield Bancorp Company Profile
Northfield Bancorp, Inc is a holding company for Northfield Bank (the Bank). Northfield Bank’s principal business consists of originating commercial real estate loans and multifamily real estate loans, purchasing investment securities including mortgage-backed securities and corporate bonds, as well as depositing funds in other financial institutions.
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