Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Director Purchases $121,500.00 in Stock

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Director Annette Catino bought 15,000 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were purchased at an average cost of $8.10 per share, for a total transaction of $121,500.00. Following the transaction, the director now owns 21,000 shares in the company, valued at $170,100. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Northfield Bancorp, Inc. (Staten Island, NY) Trading Down 2.5 %

Shares of NFBK stock opened at $7.79 on Friday. The company has a 50 day moving average of $8.73 and a 200-day moving average of $10.24. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.58. Northfield Bancorp, Inc. has a 12-month low of $6.98 and a 12-month high of $13.48. The firm has a market cap of $345.41 million, a P/E ratio of 10.39 and a beta of 0.75.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last released its quarterly earnings data on Wednesday, April 24th. The bank reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $62.03 million during the quarter, compared to analysts’ expectations of $30.93 million. Sell-side analysts anticipate that Northfield Bancorp, Inc. will post 0.64 earnings per share for the current year.

Northfield Bancorp, Inc. (Staten Island, NY) Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th were paid a $0.13 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $0.52 dividend on an annualized basis and a yield of 6.68%. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is 69.33%.

Analyst Upgrades and Downgrades

NFBK has been the topic of several recent analyst reports. Keefe, Bruyette & Woods dropped their target price on shares of 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. Piper Sandler decreased their price target on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $13.00 to $11.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. Finally, TheStreet lowered shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “b-” rating to a “c+” rating in a research note on Friday, March 1st.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Quantbot Technologies LP purchased a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the 3rd quarter valued at approximately $48,000. EntryPoint Capital LLC purchased a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the 1st quarter valued at $53,000. Nisa Investment Advisors LLC grew its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 21,750.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 8,740 shares of the bank’s stock valued at $110,000 after purchasing an additional 8,700 shares in the last quarter. Victory Capital Management Inc. purchased a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the 4th quarter valued at $132,000. Finally, Caxton Associates LP purchased a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the 3rd quarter valued at $106,000. 65.51% of the stock is currently owned by hedge funds and other institutional investors.

About Northfield Bancorp, Inc. (Staten Island, NY)

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.