Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Director Sells $288,640.00 in Stock

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Director Annette Catino sold 22,000 shares of Northfield Bancorp, Inc. (Staten Island, NY) stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $13.12, for a total transaction of $288,640.00. Following the sale, the director now owns 225,653 shares in the company, valued at approximately $2,960,567.36. The trade was a 8.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

Shares of NASDAQ:NFBK opened at $11.93 on Friday. The firm has a fifty day simple moving average of $12.77 and a two-hundred day simple moving average of $11.45. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $511.80 million, a P/E ratio of 18.64 and a beta of 0.78. Northfield Bancorp, Inc. has a 52 week low of $6.98 and a 52 week high of $14.39.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last issued its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.05% and a net margin of 10.94%. The company had revenue of $62.90 million during the quarter, compared to the consensus estimate of $32.30 million. On average, analysts expect that Northfield Bancorp, Inc. will post 0.66 earnings per share for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 4.36%. The ex-dividend date was Wednesday, November 6th. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio (DPR) is presently 81.25%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NFBK. 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. Keefe, Bruyette & Woods boosted their target price on Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $14.25 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC boosted its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 227.2% in the third quarter. Signaturefd LLC now owns 2,143 shares of the bank’s stock valued at $25,000 after purchasing an additional 1,488 shares during the period. Quarry LP bought a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the 3rd quarter valued at $28,000. Point72 Asset Management L.P. purchased a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the 2nd quarter worth $30,000. nVerses Capital LLC grew its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 105.9% during the 2nd quarter. nVerses Capital LLC now owns 3,500 shares of the bank’s stock worth $33,000 after buying an additional 1,800 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the second quarter valued at $47,000. Hedge funds and other institutional investors own 65.51% 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 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.