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

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Northfield Bancorp Inc (NASDAQ:NFBK) Chairman John Wade Alexander sold 50,000 shares of the business’s stock in a transaction 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 in the company, valued at $7,260,657.56. The sale was disclosed in a legal filing with the SEC, 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.

Shares of NASDAQ NFBK traded down $0.06 during trading on Friday, hitting $16.04. 294,484 shares of the company were exchanged, compared to its average volume of 94,721. The company has a market cap of $782.65 million, a price-to-earnings ratio of 21.11, a PEG ratio of 2.58 and a beta of 0.54. Northfield Bancorp Inc has a 1 year low of $12.76 and a 1 year high of $16.31. The firm’s fifty day moving average price is $15.59 and its 200 day moving average price is $15.08. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.99 and a quick ratio of 0.99.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.44 annualized dividend and a dividend yield of 2.74%. Northfield Bancorp’s payout ratio is currently 57.89%.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada boosted its position in shares of Northfield Bancorp by 33.1% during the 2nd quarter. Royal Bank of Canada now owns 2,662 shares of the bank’s stock worth $41,000 after purchasing an additional 662 shares in the last quarter. Comerica Bank boosted its position in shares of Northfield Bancorp by 2.7% in the 1st quarter. Comerica Bank now owns 46,453 shares of the bank’s stock worth $674,000 after buying an additional 1,235 shares in the last quarter. Texas Permanent School Fund boosted its position in shares of Northfield Bancorp by 4.2% in the 1st quarter. Texas Permanent School Fund now owns 32,106 shares of the bank’s stock worth $446,000 after buying an additional 1,307 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of Northfield Bancorp by 3.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 40,216 shares of the bank’s stock worth $628,000 after buying an additional 1,354 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its position in shares of Northfield Bancorp by 9.3% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 21,690 shares of the bank’s stock worth $339,000 after buying an additional 1,850 shares in the last quarter. Institutional investors own 57.90% of the company’s stock.

Several equities research analysts have commented on the stock. BidaskClub upgraded shares of Northfield Bancorp from a “sell” rating to a “hold” rating in a research report 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 target price on the stock in a research report on Tuesday, July 30th.

About Northfield Bancorp

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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