Northfield Bancorp Inc. (NFBK) Sees Unusually-High Trading Volume
Northfield Bancorp Inc. (NASDAQ:NFBK) shares saw strong trading volume on Monday . 114,973 shares changed hands during mid-day trading, an increase of 76% from the previous session’s volume of 65,325 shares.The stock last traded at $15.80 and had previously closed at $15.79.
Separately, Hovde Group assumed coverage on Northfield Bancorp in a research note on Friday, August 12th. They issued a “market perform” rating and a $16.00 price target on the stock.
The stock has a market cap of $700.73 million and a price-to-earnings ratio of 33.62. The firm’s 50-day moving average is $15.33 and its 200-day moving average is $15.59.
Northfield Bancorp (NASDAQ:NFBK) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.02. The firm earned $25.64 million during the quarter, compared to analyst estimates of $24.90 million. The company’s quarterly revenue was up 26.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.10 EPS. On average, equities research analysts anticipate that Northfield Bancorp Inc. will post $0.55 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 24th. Stockholders of record on Wednesday, August 10th were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, August 8th. This represents a $0.32 annualized dividend and a dividend yield of 2.03%.
In other news, Director Patrick E. Scura, Jr. sold 2,500 shares of the company’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $15.88, for a total value of $39,700.00. Following the completion of the sale, the director now owns 81,846 shares in the company, valued at $1,299,714.48. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Northfield Bancorp, Inc is a holding company for Northfield Bank (the Bank). Northfield Bank’s principal business consists of originating commercial real estate loans and multifamily real estate loans, purchasing investment securities including mortgage-backed securities and corporate bonds, as well as depositing funds in other financial institutions.
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