Insider Buying: Northfield Bancorp (NASDAQ:NFBK) EVP Purchases $98,025.00 in Stock

Northfield Bancorp, Inc. (NASDAQ:NFBK) EVP David Fasanella purchased 7,500 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was bought at an average cost of $13.07 per share, with a total value of $98,025.00. Following the acquisition, the executive vice president owned 11,500 shares in the company, valued at $150,305. This represents a 187.50% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Northfield Bancorp Stock Performance

NFBK opened at $13.22 on Monday. 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 company has a market cap of $552.07 million, a price-to-earnings ratio of 1,322.00 and a beta of 0.81. Northfield Bancorp, Inc. has a 52-week low of $9.40 and a 52-week high of $14.05. The firm’s fifty day simple moving average is $12.98 and its two-hundred day simple moving average is $11.86.

Northfield Bancorp (NASDAQ:NFBK) last released its earnings results on Tuesday, February 3rd. The bank reported $0.34 EPS 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 business had revenue of $78.01 million during the quarter, compared to analysts’ expectations of $39.48 million. Equities analysts anticipate that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current fiscal year.

Northfield Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Thursday, February 12th were issued 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 presently 5,200.00%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Northfield Bancorp

A number of institutional investors have recently bought and sold shares of NFBK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Northfield Bancorp by 6.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,012 shares of the bank’s stock valued at $251,000 after buying an additional 1,426 shares during the period. Empowered Funds LLC raised its position in shares of Northfield Bancorp by 3.7% during the 1st quarter. Empowered Funds LLC now owns 133,823 shares of the bank’s stock valued at $1,460,000 after buying an additional 4,741 shares during the period. Envestnet Asset Management Inc. purchased a new stake in shares of Northfield Bancorp during the 2nd quarter valued at approximately $172,000. Hillsdale Investment Management Inc. lifted its holdings in Northfield Bancorp by 122.6% in the second quarter. Hillsdale Investment Management Inc. now owns 207,520 shares of the bank’s stock valued at $2,382,000 after acquiring an additional 114,300 shares during the last quarter. Finally, Prudential Financial Inc. acquired a new position in Northfield Bancorp in the second quarter valued at approximately $185,000. 65.51% of the stock is owned by hedge funds and other institutional investors.

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.