Northfield Bancorp (NASDAQ:NFBK) Reaches New 1-Year High at $16.24

Northfield Bancorp Inc (NASDAQ:NFBK) reached a new 52-week high during trading on Wednesday . The stock traded as high as $16.24 and last traded at $16.20, with a volume of 6194 shares. The stock had previously closed at $15.89.

Several analysts have recently weighed in on NFBK shares. Zacks Investment Research upgraded shares of Northfield Bancorp from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Tuesday, July 30th. BidaskClub upgraded shares of Northfield Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th.

The firm has a market cap of $782.65 million, a PE ratio of 21.28, a P/E/G ratio of 2.58 and a beta of 0.54. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.99 and a current ratio of 0.99. The firm’s 50-day moving average price is $15.59 and its two-hundred day moving average price is $15.08.

Northfield Bancorp (NASDAQ:NFBK) last issued its quarterly earnings data on Wednesday, July 24th. The bank reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). The company had revenue of $29.73 million for the quarter, compared to analysts’ expectations of $29.96 million. Northfield Bancorp had a return on equity of 4.88% and a net margin of 21.75%. As a group, sell-side analysts predict that Northfield Bancorp Inc will post 0.77 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th were given a dividend of $0.11 per share. The ex-dividend date was Tuesday, August 6th. This represents a $0.44 annualized dividend and a dividend yield of 2.73%. Northfield Bancorp’s dividend payout ratio is presently 57.89%.

In related news, Director Frank P. Patafio sold 4,500 shares of the company’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $15.22, for a total value of $68,490.00. Following the completion of the sale, the director now owns 187,774 shares in the company, valued at approximately $2,857,920.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman John Wade Alexander sold 2,400 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $15.91, for a total transaction of $38,184.00. Following the completion of the sale, the chairman now owns 351,013 shares of the company’s stock, valued at approximately $5,584,616.83. The disclosure for this sale can be found here. Insiders have sold a total of 48,341 shares of company stock valued at $768,662 in the last 90 days. Insiders own 8.60% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in NFBK. BNP Paribas Arbitrage SA raised its position in Northfield Bancorp by 183.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 10,090 shares of the bank’s stock valued at $140,000 after purchasing an additional 6,531 shares during the last quarter. SG Americas Securities LLC raised its position in Northfield Bancorp by 150.9% in the 1st quarter. SG Americas Securities LLC now owns 19,800 shares of the bank’s stock valued at $275,000 after purchasing an additional 11,909 shares during the last quarter. Comerica Bank raised its position in Northfield Bancorp by 2.7% in the 1st quarter. Comerica Bank now owns 46,453 shares of the bank’s stock valued at $674,000 after purchasing an additional 1,235 shares during the last quarter. Texas Permanent School Fund raised its position in Northfield Bancorp by 4.2% in the 1st quarter. Texas Permanent School Fund now owns 32,106 shares of the bank’s stock valued at $446,000 after purchasing an additional 1,307 shares during the last quarter. Finally, Knuff & Co LLC purchased a new stake in Northfield Bancorp in the 1st quarter valued at $51,000. Hedge funds and other institutional investors own 57.90% of the company’s stock.

Northfield Bancorp Company Profile (NASDAQ:NFBK)

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.

See Also: Balanced Fund

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