Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Get Free Report) Director Timothy C. Harrison acquired 1,290 shares of the company's stock in a transaction dated Thursday, May 2nd. The shares were bought at an average cost of $8.89 per share, for a total transaction of $11,468.10. Following the completion of the acquisition, the director now directly owns 67,682 shares of the company's stock, valued at $601,692.98. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Northfield Bancorp, Inc. (Staten Island, NY) Stock Up 1.6 %
Shares of NFBK opened at $9.01 on Friday. Northfield Bancorp, Inc. has a one year low of $7.99 and a one year high of $13.48. The stock has a market capitalization of $400.58 million, a price-to-earnings ratio of 12.01 and a beta of 0.71. The stock has a 50 day moving average price of $9.26 and a 200 day moving average price of $10.32. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.12 and a current ratio of 1.10.
Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The bank reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 14.02% and a return on equity of 4.65%. The company had revenue of $62.03 million during the quarter, compared to analyst estimates of $30.93 million. Equities research analysts forecast that Northfield Bancorp, Inc. will post 0.67 earnings per share for the current fiscal year.
Northfield Bancorp, Inc. (Staten Island, NY) Dividend Announcement
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The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 5.77%. The ex-dividend date is Tuesday, May 7th. Northfield Bancorp, Inc. (Staten Island, NY)'s payout ratio is presently 69.33%.
Hedge Funds Weigh In On Northfield Bancorp, Inc. (Staten Island, NY)
Several large investors have recently modified their holdings of the business. Quantbot Technologies LP purchased a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the 3rd quarter valued at approximately $48,000. PNC Financial Services Group Inc. lifted its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 41.1% in the third quarter. PNC Financial Services Group Inc. now owns 5,572 shares of the bank's stock worth $53,000 after acquiring an additional 1,622 shares during the last quarter. Caxton Associates LP acquired a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the third quarter worth $106,000. Nisa Investment Advisors LLC increased its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 21,750.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 8,740 shares of the bank's stock valued at $110,000 after acquiring an additional 8,700 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the fourth quarter worth approximately $132,000. Institutional investors and hedge funds own 65.51% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on NFBK. Piper Sandler cut their price target on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $13.00 to $11.00 and set a "neutral" rating on the stock in a report on Wednesday. TheStreet downgraded Northfield Bancorp, Inc. (Staten Island, NY) from a "b-" rating to a "c+" rating in a research report on Friday, March 1st. Finally, Keefe, Bruyette & Woods decreased their target price on Northfield Bancorp, Inc. (Staten Island, NY) from $12.00 to $11.00 and set a "market perform" rating on the stock in a research report on Friday, April 5th.
Read Our Latest Analysis on NFBK
About Northfield Bancorp, Inc. (Staten Island, NY)
(
Get Free Report)
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.
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