Northfield Bancorp, Inc. (NFBK) Director Patrick E. Scura, Jr. Sells 33,905 Shares
Northfield Bancorp, Inc. (NASDAQ:NFBK) Director Patrick E. Scura, Jr. sold 33,905 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $15.65, for a total transaction of $530,613.25. Following the completion of the sale, the director now owns 80,043 shares in the company, valued at $1,252,672.95. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Northfield Bancorp, Inc. (NFBK) opened at $15.95 on Thursday. The company has a current ratio of 1.11, a quick ratio of 1.17 and a debt-to-equity ratio of 0.73. Northfield Bancorp, Inc. has a 12-month low of $15.27 and a 12-month high of $19.25. The firm has a market cap of $771.10, a PE ratio of 22.90, a PEG ratio of 2.69 and a beta of 0.29.
Northfield Bancorp (NASDAQ:NFBK) last issued its earnings results on Wednesday, January 24th. The bank reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. Northfield Bancorp had a net margin of 17.14% and a return on equity of 5.03%. The business had revenue of $30.40 million for the quarter, compared to analyst estimates of $30.67 million. During the same period in the previous year, the business earned $0.18 EPS. analysts anticipate that Northfield Bancorp, Inc. will post 0.74 earnings per share for the current year.
Institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Northfield Bancorp by 0.5% during the 2nd quarter. BlackRock Inc. now owns 5,519,013 shares of the bank’s stock valued at $94,653,000 after acquiring an additional 24,921 shares in the last quarter. California Public Employees Retirement System lifted its holdings in Northfield Bancorp by 6.4% during the 2nd quarter. California Public Employees Retirement System now owns 120,400 shares of the bank’s stock valued at $2,065,000 after purchasing an additional 7,200 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Northfield Bancorp by 23.9% during the 2nd quarter. Wells Fargo & Company MN now owns 43,740 shares of the bank’s stock valued at $750,000 after purchasing an additional 8,443 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Northfield Bancorp by 5.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 218,091 shares of the bank’s stock valued at $3,784,000 after purchasing an additional 11,577 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Northfield Bancorp by 4.5% during the 2nd quarter. Northern Trust Corp now owns 589,775 shares of the bank’s stock valued at $10,115,000 after purchasing an additional 25,169 shares during the last quarter. Institutional investors and hedge funds own 53.54% of the company’s stock.
Several analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Northfield Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. BidaskClub upgraded shares of Northfield Bancorp from a “strong sell” rating to a “sell” rating in a research report on Saturday, February 10th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $20.00 target price on shares of Northfield Bancorp in a research report on Friday, December 22nd. Finally, Piper Jaffray Companies reiterated a “hold” rating on shares of Northfield Bancorp in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.25.
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Northfield Bancorp Company Profile
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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