Insider Buying: Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Director Acquires 1,290 Shares of Stock

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Director Timothy C. Harrison bought 1,290 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were acquired at an average cost of $8.89 per share, with a total value of $11,468.10. Following the completion of the purchase, the director now owns 67,682 shares in the company, valued at approximately $601,692.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Northfield Bancorp, Inc. (Staten Island, NY) Trading Up 1.6 %

NASDAQ:NFBK opened at $9.01 on Friday. Northfield Bancorp, Inc. has a twelve month low of $7.99 and a twelve month high of $13.48. The company has a quick ratio of 1.12, a current ratio of 1.10 and a debt-to-equity ratio of 1.58. The business has a 50 day moving average price of $9.26 and a two-hundred day moving average price of $10.33. The company has a market cap of $400.58 million, a P/E ratio of 12.01 and a beta of 0.71.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last released its quarterly earnings results on Wednesday, April 24th. The bank reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $62.03 million for the quarter, compared to analyst estimates of $30.93 million. As a group, analysts expect that Northfield Bancorp, Inc. will post 0.67 EPS 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. Stockholders of record on Wednesday, May 8th will be issued 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 presently 69.33%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on NFBK shares. Piper Sandler lowered their target price 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. Keefe, Bruyette & Woods reduced their price target on Northfield Bancorp, Inc. (Staten Island, NY) from $12.00 to $11.00 and set a “market perform” rating for the company in a research report on Friday, April 5th. Finally, TheStreet downgraded Northfield Bancorp, Inc. (Staten Island, NY) from a “b-” rating to a “c+” rating in a research report on Friday, March 1st.

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

Several large investors have recently made changes to their positions in NFBK. SG Americas Securities LLC acquired a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the 3rd quarter valued at approximately $222,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 118.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,832 shares of the bank’s stock valued at $150,000 after buying an additional 8,579 shares during the last quarter. Strs Ohio boosted its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 7.0% in the 3rd quarter. Strs Ohio now owns 56,700 shares of the bank’s stock valued at $535,000 after buying an additional 3,700 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the 3rd quarter valued at approximately $997,000. Finally, Illinois Municipal Retirement Fund acquired a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the 3rd quarter valued at approximately $229,000. Institutional investors and hedge funds own 65.51% of the company’s stock.

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.