Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Director Acquires $11,468.10 in Stock

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Director Timothy C. Harrison acquired 1,290 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were bought at an average price of $8.89 per share, with a total value of $11,468.10. Following the acquisition, the director now directly owns 67,682 shares in the company, valued at $601,692.98. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

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

Shares of NFBK stock opened at $9.01 on Monday. Northfield Bancorp, Inc. has a 12-month low of $7.99 and a 12-month high of $13.48. The business’s fifty day simple moving average is $9.26 and its 200-day simple moving average is $10.34. The company has a current ratio of 1.10, a quick ratio of 1.12 and a debt-to-equity ratio of 1.58. The company has a market cap of $400.58 million, a PE ratio of 12.01 and a beta of 0.71.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last announced its earnings results on Wednesday, April 24th. The bank reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.65% and a net margin of 14.02%. The business had revenue of $62.03 million for the quarter, compared to analysts’ expectations of $30.93 million. Analysts expect that Northfield Bancorp, Inc. will post 0.67 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 will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 5.77%. The ex-dividend date of this dividend is Tuesday, May 7th. Northfield Bancorp, Inc. (Staten Island, NY)’s payout ratio is currently 69.33%.

Wall Street Analyst Weigh In

NFBK has been the subject of several research analyst reports. TheStreet downgraded shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “b-” rating to a “c+” rating in a research note on Friday, March 1st. Keefe, Bruyette & Woods decreased their price objective on Northfield Bancorp, Inc. (Staten Island, NY) from $12.00 to $11.00 and set a “market perform” rating for the company in a report on Friday, April 5th. Finally, Piper Sandler decreased their price objective on Northfield Bancorp, Inc. (Staten Island, NY) from $13.00 to $11.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st.

Institutional Trading of Northfield Bancorp, Inc. (Staten Island, NY)

A number of institutional investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System purchased a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the fourth quarter worth $249,000. GSA Capital Partners LLP increased its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 550.0% in the 3rd quarter. GSA Capital Partners LLP now owns 87,735 shares of the bank’s stock valued at $829,000 after acquiring an additional 74,237 shares during the period. Trexquant Investment LP purchased a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the 3rd quarter worth $417,000. Assenagon Asset Management S.A. acquired a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the 3rd quarter worth about $997,000. Finally, Barclays PLC grew its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 12.4% during the 3rd quarter. Barclays PLC now owns 26,962 shares of the bank’s stock valued at $255,000 after purchasing an additional 2,971 shares during the last quarter. 65.51% of the stock is currently owned by institutional investors and hedge funds.

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.