Paul Stahlin Purchases 10,000 Shares of Northfield Bancorp (NASDAQ:NFBK) Stock

Northfield Bancorp, Inc. (NASDAQ:NFBK) Director Paul Stahlin purchased 10,000 shares of Northfield Bancorp stock in a transaction that occurred on Tuesday, March 17th. The shares were bought at an average price of $13.19 per share, for a total transaction of $131,900.00. Following the transaction, the director owned 54,354 shares in the company, valued at $716,929.26. This represents a 22.55% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Northfield Bancorp Stock Down 0.8%

Shares of NASDAQ:NFBK opened at $13.22 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.39. The firm has a market cap of $552.07 million, a P/E ratio of 1,322.00 and a beta of 0.82. Northfield Bancorp, Inc. has a 12 month low of $9.40 and a 12 month high of $14.05. The company’s 50-day moving average price is $12.98 and its two-hundred day moving average price is $11.86.

Northfield Bancorp (NASDAQ:NFBK) last announced its earnings results on Tuesday, February 3rd. The bank reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. Northfield Bancorp had a net margin of 0.30% and a return on equity of 5.91%. The company had revenue of $78.01 million during the quarter, compared to the consensus estimate of $39.48 million. As a group, research analysts forecast that Northfield Bancorp, Inc. will post 0.82 EPS for the current fiscal year.

Northfield Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Thursday, February 12th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.9%. The ex-dividend date was Thursday, February 12th. Northfield Bancorp’s payout ratio is 5,200.00%.

Institutional Trading of Northfield Bancorp

Hedge funds have recently modified their holdings of the company. Hillsdale Investment Management Inc. grew its holdings in Northfield Bancorp by 156.8% during the third quarter. Hillsdale Investment Management Inc. now owns 532,920 shares of the bank’s stock valued at $6,288,000 after purchasing an additional 325,400 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Northfield Bancorp by 94.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 597,877 shares of the bank’s stock worth $6,864,000 after purchasing an additional 290,030 shares during the period. Bank of America Corp DE raised its holdings in Northfield Bancorp by 181.9% in the third quarter. Bank of America Corp DE now owns 296,137 shares of the bank’s stock worth $3,494,000 after purchasing an additional 191,079 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Northfield Bancorp during the third quarter worth $1,941,000. Finally, O Shaughnessy Asset Management LLC grew its holdings in shares of Northfield Bancorp by 99.4% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 218,707 shares of the bank’s stock valued at $2,500,000 after buying an additional 109,012 shares during the period. 65.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. New Street Research set a $14.50 price objective on Northfield Bancorp in a research report on Friday, February 6th. Keefe, Bruyette & Woods boosted their target price on Northfield Bancorp from $12.00 to $14.50 and gave the stock a “hold” rating in a research report on Friday, February 6th. Finally, Weiss Ratings lowered Northfield Bancorp from a “hold (c)” rating to a “sell (d+)” rating in a research note on Wednesday, March 4th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $14.33.

About Northfield Bancorp

Northfield Bancorp is the bank holding company for Northfield Bank, a New Jersey‐based community bank offering a full range of financial products and services. Headquartered in New Jersey, the company serves individuals, families and small to mid‐sized businesses across Northern and Central New Jersey. Northfield Bancorp focuses on building lasting customer relationships through a combination of personalized service and technology‐driven solutions.

Through its subsidiary, Northfield Bank provides personal banking services such as checking and savings accounts, consumer loans, mortgage products and home equity lines of credit.