Insider Selling: Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Director Sells 11,000 Shares of Stock

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Director Gil Chapman sold 11,000 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $11.89, for a total value of $130,790.00. Following the completion of the sale, the director now owns 48,005 shares of the company’s stock, valued at approximately $570,779.45. This trade represents a 18.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Performance

Shares of NASDAQ NFBK traded down $0.38 during trading hours on Thursday, hitting $11.59. 53,812 shares of the company’s stock were exchanged, compared to its average volume of 170,517. Northfield Bancorp, Inc. has a 1-year low of $6.98 and a 1-year high of $14.39. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $497.13 million, a price-to-earnings ratio of 16.07 and a beta of 0.80. The company’s 50-day moving average price is $11.77 and its 200-day moving average price is $12.02.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last released its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.03. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.12% and a net margin of 11.76%. On average, sell-side analysts expect that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current fiscal year.

Northfield Bancorp, Inc. (Staten Island, NY) Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 5th were paid a $0.13 dividend. The ex-dividend date was Wednesday, February 5th. This represents a $0.52 annualized dividend and a dividend yield of 4.49%. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is currently 72.22%.

Institutional Investors Weigh In On Northfield Bancorp, Inc. (Staten Island, NY)

A number of large investors have recently bought and sold shares of the business. Bank of America Corp DE grew its position in Northfield Bancorp, Inc. (Staten Island, NY) by 0.9% during the 4th quarter. Bank of America Corp DE now owns 110,130 shares of the bank’s stock worth $1,280,000 after acquiring an additional 973 shares during the last quarter. Signaturefd LLC grew its position in Northfield Bancorp, Inc. (Staten Island, NY) by 227.2% during the 3rd quarter. Signaturefd LLC now owns 2,143 shares of the bank’s stock worth $25,000 after acquiring an additional 1,488 shares during the last quarter. Point72 Asset Management L.P. grew its position in Northfield Bancorp, Inc. (Staten Island, NY) by 57.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 5,054 shares of the bank’s stock worth $59,000 after acquiring an additional 1,854 shares during the last quarter. Quarry LP bought a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the 3rd quarter worth approximately $28,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 7.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 42,591 shares of the bank’s stock worth $495,000 after buying an additional 2,778 shares in the last quarter. 65.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NFBK has been the subject of several recent analyst reports. Keefe, Bruyette & Woods decreased their target price on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $14.25 to $13.00 and set a “market perform” rating for the company in a report on Monday, January 27th. StockNews.com upgraded shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “sell” rating to a “hold” rating in a report on Thursday, December 5th.

Northfield Bancorp, Inc. (Staten Island, NY) 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 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; and brokered deposits.