Northfield Bancorp Inc (NASDAQ:NFBK) EVP Michael J. Widmer sold 20,000 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $16.03, for a total transaction of $320,600.00. Following the transaction, the executive vice president now directly owns 78,533 shares of the company’s stock, valued at approximately $1,258,883.99. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Northfield Bancorp stock opened at $15.65 on Thursday. The firm has a market cap of $800.42 million, a price-to-earnings ratio of 20.59, a price-to-earnings-growth ratio of 2.63 and a beta of 0.56. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.98 and a current ratio of 0.99. Northfield Bancorp Inc has a fifty-two week low of $12.76 and a fifty-two week high of $16.73. The stock’s fifty day moving average price is $15.55.
Northfield Bancorp (NASDAQ:NFBK) last released its earnings results on Wednesday, July 24th. The bank reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.02). The firm had revenue of $29.73 million for the quarter, compared to analyst estimates of $29.96 million. Northfield Bancorp had a return on equity of 4.88% and a net margin of 21.75%. Analysts forecast that Northfield Bancorp Inc will post 0.76 earnings per share for the current year.
Large investors have recently bought and sold shares of the company. Thrivent Financial for Lutherans increased its holdings in shares of Northfield Bancorp by 2.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 33,459 shares of the bank’s stock worth $453,000 after purchasing an additional 735 shares during the period. D. E. Shaw & Co. Inc. bought a new position in shares of Northfield Bancorp during the 4th quarter worth about $292,000. Municipal Employees Retirement System of Michigan bought a new position in shares of Northfield Bancorp during the 4th quarter worth about $266,000. Knuff & Co LLC bought a new position in shares of Northfield Bancorp during the 1st quarter worth about $51,000. Finally, Moors & Cabot Inc. increased its holdings in shares of Northfield Bancorp by 100.0% during the 1st quarter. Moors & Cabot Inc. now owns 20,000 shares of the bank’s stock worth $278,000 after purchasing an additional 10,000 shares during the period. Institutional investors own 57.49% of the company’s stock.
A number of research analysts have weighed in on NFBK shares. Zacks Investment Research raised shares of Northfield Bancorp from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Tuesday. TheStreet raised shares of Northfield Bancorp from a “c+” rating to a “b-” rating in a research report on Thursday, May 9th. Finally, BidaskClub raised shares of Northfield Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $18.00.
About Northfield Bancorp
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 transaction accounts comprising negotiable orders of withdrawal accounts and non-interest bearing checking accounts; savings accounts, such as money market, passbook, and statement savings; certificates of deposit consisting of individual retirement accounts; and brokered deposits.
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