Northfield Bancorp, Inc. (NFBK) EVP Sells $16,000.00 in Stock
Northfield Bancorp, Inc. (NASDAQ:NFBK) EVP Robin Lefkowitz sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $16.00, for a total transaction of $16,000.00. Following the transaction, the executive vice president now directly owns 32,433 shares in the company, valued at approximately $518,928. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Northfield Bancorp, Inc. (NASDAQ NFBK) traded up 0.81% during trading on Thursday, hitting $16.15. 3,952 shares of the stock traded hands. Northfield Bancorp, Inc. has a 52 week low of $14.88 and a 52 week high of $20.59. The stock has a market cap of $730.82 million, a P/E ratio of 22.12 and a beta of 0.33. The firm’s 50-day moving average is $16.53 and its 200 day moving average is $17.42.
Northfield Bancorp (NASDAQ:NFBK) last issued its quarterly earnings data on Wednesday, July 26th. The bank reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.03. Northfield Bancorp had a return on equity of 4.93% and a net margin of 24.13%. The company had revenue of $29.35 million during the quarter, compared to the consensus estimate of $26.20 million. During the same period last year, the company earned $0.15 earnings per share. Equities research analysts forecast that Northfield Bancorp, Inc. will post $0.74 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, August 7th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.00%. Northfield Bancorp’s dividend payout ratio (DPR) is 43.84%.
Several institutional investors have recently modified their holdings of NFBK. LS Investment Advisors LLC increased its position in shares of Northfield Bancorp by 247.5% in the first quarter. LS Investment Advisors LLC now owns 5,539 shares of the bank’s stock worth $100,000 after buying an additional 3,945 shares during the period. Sei Investments Co. increased its position in shares of Northfield Bancorp by 6.0% in the first quarter. Sei Investments Co. now owns 8,144 shares of the bank’s stock worth $147,000 after buying an additional 462 shares during the period. State of Alaska Department of Revenue increased its position in shares of Northfield Bancorp by 80.1% in the second quarter. State of Alaska Department of Revenue now owns 8,969 shares of the bank’s stock worth $153,000 after buying an additional 3,989 shares during the period. Moors & Cabot Inc. bought a new position in shares of Northfield Bancorp during the second quarter worth about $172,000. Finally, BNP Paribas Arbitrage SA increased its position in shares of Northfield Bancorp by 1.5% in the first quarter. BNP Paribas Arbitrage SA now owns 9,918 shares of the bank’s stock worth $179,000 after buying an additional 142 shares during the period. Institutional investors own 53.41% of the company’s stock.
NFBK has been the subject of several research reports. Keefe, Bruyette & Woods set a $18.00 price objective on shares of Northfield Bancorp and gave the company a “hold” rating in a research report on Saturday, May 20th. BidaskClub lowered shares of Northfield Bancorp from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $16.50 price objective on shares of Northfield Bancorp in a research report on Thursday, August 3rd.
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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