Key Points
- Director Paul Stahlin bought 10,000 shares of Northfield Bancorp on March 17 at an average price of $13.19 (total $131,900), increasing his stake 22.55% to 54,354 shares worth about $717,000.
- Northfield beat expectations in its last quarter with EPS of $0.34 vs. $0.28 expected and revenue of $78.01 million, while reporting a net margin of 0.30% and ROE of 5.91%.
- The bank pays a $0.13 quarterly dividend (annualized $0.52) for a 3.9% yield
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Northfield Bancorp, Inc. (NASDAQ:NFBK - Get Free Report) Director Paul Stahlin acquired 10,000 shares of the business's stock in a transaction on Tuesday, March 17th. The shares were bought at an average price of $13.19 per share, with a total value of $131,900.00. Following the completion of the transaction, the director directly owned 54,354 shares of the company's stock, valued at approximately $716,929.26. The trade was a 22.55% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Northfield Bancorp Stock Performance
Northfield Bancorp stock opened at $13.33 on Friday. Northfield Bancorp, Inc. has a 12-month low of $9.40 and a 12-month high of $14.05. 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 stock has a market cap of $556.83 million, a PE ratio of 1,333.40 and a beta of 0.82. The business's 50-day moving average price is $12.94 and its two-hundred day moving average price is $11.85.
Northfield Bancorp (NASDAQ:NFBK - Get Free Report) last released its earnings results on Tuesday, February 3rd. The bank reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.06. The business had revenue of $78.01 million for the quarter, compared to analyst estimates of $39.48 million. Northfield Bancorp had a net margin of 0.30% and a return on equity of 5.91%. As a group, analysts expect that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current fiscal year.
Northfield Bancorp Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Thursday, February 12th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Thursday, February 12th. Northfield Bancorp's dividend payout ratio is 5,200.00%.
Institutional Trading of Northfield Bancorp
A number of institutional investors have recently bought and sold shares of the stock. Signaturefd LLC boosted its holdings in shares of Northfield Bancorp by 41.6% in the 4th quarter. Signaturefd LLC now owns 3,019 shares of the bank's stock valued at $35,000 after buying an additional 887 shares in the last quarter. MetLife Investment Management LLC grew its stake in Northfield Bancorp by 4.9% during the 4th quarter. MetLife Investment Management LLC now owns 19,613 shares of the bank's stock valued at $224,000 after purchasing an additional 918 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Northfield Bancorp by 29.9% in the fourth quarter. Russell Investments Group Ltd. now owns 4,479 shares of the bank's stock worth $51,000 after purchasing an additional 1,032 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Northfield Bancorp by 8.3% during the second quarter. The Manufacturers Life Insurance Company now owns 15,129 shares of the bank's stock worth $174,000 after purchasing an additional 1,164 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Northfield Bancorp by 6.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,012 shares of the bank's stock valued at $251,000 after purchasing an additional 1,426 shares during the last quarter. 65.51% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on NFBK shares. New Street Research set a $14.50 target price on Northfield Bancorp in a research note on Friday, February 6th. Weiss Ratings lowered shares of Northfield Bancorp from a "hold (c)" rating to a "sell (d+)" rating in a report on Wednesday, March 4th. Finally, Keefe, Bruyette & Woods increased their target price on Northfield Bancorp from $12.00 to $14.50 and gave the company a "hold" rating in a report on Friday, February 6th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $14.33.
Check Out Our Latest Analysis on NFBK
About Northfield Bancorp
(
Get Free Report)
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.
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