Northfield Bancorp Inc (NASDAQ:NFBK) Chairman John Wade Alexander sold 12,998 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $15.90, for a total transaction of $206,668.20. Following the completion of the sale, the chairman now owns 325,626 shares in the company, valued at approximately $5,177,453.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
John Wade Alexander also recently made the following trade(s):
- On Thursday, September 12th, John Wade Alexander sold 50,000 shares of Northfield Bancorp stock. The stock was sold at an average price of $16.12, for a total transaction of $806,000.00.
- 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.
NFBK opened at $16.04 on Friday. Northfield Bancorp Inc has a fifty-two week low of $12.76 and a fifty-two week high of $16.31. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.99 and a quick ratio of 0.99. The firm’s fifty day moving average price is $15.59 and its two-hundred day moving average price is $15.09. The company has a market capitalization of $792.99 million, a P/E ratio of 23.33, a P/E/G ratio of 2.61 and a beta of 0.54.
Northfield Bancorp (NASDAQ:NFBK) last posted its quarterly earnings results on Wednesday, July 24th. The bank reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.02). Northfield Bancorp had a return on equity of 4.88% and a net margin of 21.75%. The business had revenue of $29.73 million for the quarter, compared to analyst estimates of $29.96 million. On average, equities research analysts expect that Northfield Bancorp Inc will post 0.77 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th were paid a dividend of $0.11 per share. The ex-dividend date was Tuesday, August 6th. This represents a $0.44 dividend on an annualized basis and a yield of 2.74%. Northfield Bancorp’s dividend payout ratio is currently 57.89%.
Institutional investors and hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC boosted its stake in Northfield Bancorp by 1.0% during the second quarter. Renaissance Technologies LLC now owns 2,224,168 shares of the bank’s stock worth $34,719,000 after buying an additional 21,350 shares in the last quarter. Knuff & Co LLC acquired a new stake in Northfield Bancorp during the first quarter worth $51,000. H D Vest Advisory Services acquired a new stake in Northfield Bancorp during the second quarter worth $157,000. Municipal Employees Retirement System of Michigan boosted its stake in Northfield Bancorp by 9.3% during the second 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. Finally, Moors & Cabot Inc. boosted its stake in shares of Northfield Bancorp by 100.0% in the 1st quarter. Moors & Cabot Inc. now owns 20,000 shares of the bank’s stock valued at $278,000 after purchasing an additional 10,000 shares in the last quarter. Hedge funds and other institutional investors own 57.90% of the company’s stock.
A number of equities research analysts have weighed in on NFBK shares. BidaskClub upgraded shares of Northfield Bancorp from a “sell” rating to a “hold” rating in a research note 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 price target on the stock in a research note on Tuesday, July 30th.
Northfield Bancorp 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 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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