Northfield Bancorp (NASDAQ:NFBK) Director Paul Stahlin Acquires 10,000 Shares of Stock

Northfield Bancorp, Inc. (NASDAQ:NFBK) Director Paul Stahlin bought 10,000 shares of the stock in a transaction on Tuesday, March 17th. The stock was purchased at an average cost of $13.19 per share, for a total transaction of $131,900.00. Following the acquisition, the director owned 54,354 shares of the company’s stock, valued at $716,929.26. This trade represents a 22.55% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Northfield Bancorp Stock Performance

Shares of Northfield Bancorp stock traded up $0.15 during trading hours on Thursday, reaching $13.21. 381,452 shares of the stock traded hands, compared to its average volume of 328,917. Northfield Bancorp, Inc. has a one year low of $9.40 and a one year high of $14.05. The firm has a market capitalization of $551.82 million, a price-to-earnings ratio of 1,320.40 and a beta of 0.82. 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 50 day moving average price of $12.91 and a 200 day moving average price of $11.84.

Northfield Bancorp (NASDAQ:NFBK) last posted its quarterly earnings data on Tuesday, February 3rd. The bank reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. The company had revenue of $78.01 million for the quarter, compared to the consensus estimate of $39.48 million. Northfield Bancorp had a net margin of 0.30% and a return on equity of 5.91%. On average, equities research analysts expect that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current fiscal year.

Northfield Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Thursday, February 12th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Thursday, February 12th. Northfield Bancorp’s dividend payout ratio (DPR) is currently 5,200.00%.

Institutional Investors Weigh In On Northfield Bancorp

Institutional investors have recently bought and sold shares of the business. Signaturefd LLC boosted its stake in shares of Northfield Bancorp by 41.6% in the fourth quarter. Signaturefd LLC now owns 3,019 shares of the bank’s stock worth $35,000 after acquiring an additional 887 shares during the period. Russell Investments Group Ltd. raised its stake in Northfield Bancorp by 1,195.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,447 shares of the bank’s stock valued at $41,000 after purchasing an additional 3,181 shares during the period. Quadrant Capital Group LLC purchased a new position in Northfield Bancorp in the 3rd quarter worth approximately $77,000. Cornerstone Planning Group LLC lifted its holdings in Northfield Bancorp by 30,922.6% in the 4th quarter. Cornerstone Planning Group LLC now owns 9,617 shares of the bank’s stock worth $114,000 after purchasing an additional 9,586 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new position in Northfield Bancorp in the 4th quarter worth approximately $125,000. Hedge funds and other institutional investors own 65.51% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on NFBK. Keefe, Bruyette & Woods upped their price objective on Northfield Bancorp from $12.00 to $14.50 and gave the stock a “hold” rating in a research note on Friday, February 6th. New Street Research set a $14.50 price target on Northfield Bancorp in a research report on Friday, February 6th. Finally, Weiss Ratings downgraded Northfield Bancorp from a “hold (c)” rating to a “sell (d+)” rating in a research note on Wednesday, March 4th. One research 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. Based on data from MarketBeat.com, Northfield Bancorp presently has a consensus rating of “Hold” and an average price target of $14.33.

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.