Tara L. French Acquires 1,843 Shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Stock

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) EVP Tara L. French purchased 1,843 shares of the stock in a transaction that occurred on Thursday, May 13th. The stock was bought at an average cost of $16.35 per share, with a total value of $30,133.05. Following the completion of the transaction, the executive vice president now directly owns 19,652 shares in the company, valued at approximately $321,310.20. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of NASDAQ NFBK traded up $0.09 during midday trading on Monday, reaching $17.10. The company’s stock had a trading volume of 1,742 shares, compared to its average volume of 152,968. The stock has a market capitalization of $877.28 million, a P/E ratio of 23.96 and a beta of 0.73. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a 50 day moving average price of $16.22 and a 200-day moving average price of $13.62. Northfield Bancorp, Inc. has a 12-month low of $8.72 and a 12-month high of $17.25.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last posted its quarterly earnings data on Tuesday, April 27th. The bank reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.11. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.67% and a net margin of 18.99%. On average, equities analysts predict that Northfield Bancorp, Inc. will post 0.75 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 26th. Investors of record on Wednesday, May 12th will be issued a $0.13 dividend. This is an increase from Northfield Bancorp, Inc. (Staten Island, NY)’s previous quarterly dividend of $0.11. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Tuesday, May 11th. Northfield Bancorp, Inc. (Staten Island, NY)’s payout ratio is 66.67%.

Separately, Zacks Investment Research upgraded shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Thursday, January 28th.

Institutional investors and hedge funds have recently bought and sold shares of the stock. SOA Wealth Advisors LLC. purchased a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the fourth quarter valued at about $52,000. Trexquant Investment LP bought a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the 4th quarter valued at $138,000. ProShare Advisors LLC bought a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the fourth quarter valued at about $142,000. Ergoteles LLC purchased a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the 1st quarter worth approximately $177,000. Finally, Guggenheim Capital LLC bought a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the first quarter worth $255,000. Institutional investors own 56.79% 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 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; individual retirement accounts; and brokered deposits.

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