Insider Buying: Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) CEO Acquires $83,621.16 in Stock

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBKGet Free Report) CEO Steven M. Klein purchased 11,061 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were purchased at an average cost of $7.56 per share, for a total transaction of $83,621.16. Following the completion of the transaction, the chief executive officer now directly owns 467,939 shares of the company’s stock, valued at $3,537,618.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

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

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBKGet Free Report) last released its earnings results on Wednesday, April 24th. The bank reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.65% and a net margin of 14.02%. The firm 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) Announces Dividend

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

Wall Street Analysts Forecast Growth

NFBK has been the topic of several recent analyst reports. TheStreet cut shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “b-” rating to a “c+” rating in a research report on Friday, March 1st. Piper Sandler dropped their price target on Northfield Bancorp, Inc. (Staten Island, NY) from $13.00 to $11.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Finally, Keefe, Bruyette & Woods reduced their price objective on Northfield Bancorp, Inc. (Staten Island, NY) from $12.00 to $11.00 and set a “market perform” rating for the company in a research note on Friday, April 5th.

View Our Latest Analysis on NFBK

Hedge Funds Weigh In On Northfield Bancorp, Inc. (Staten Island, NY)

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NFBK. Illinois Municipal Retirement Fund raised its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 5.0% during the 1st quarter. Illinois Municipal Retirement Fund now owns 23,503 shares of the bank’s stock valued at $228,000 after acquiring an additional 1,123 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 3.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 38,748 shares of the bank’s stock valued at $377,000 after purchasing an additional 1,165 shares in the last quarter. Barclays PLC raised its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 12.4% during the 3rd quarter. Barclays PLC now owns 26,962 shares of the bank’s stock valued at $255,000 after purchasing an additional 2,971 shares during the period. Caxton Associates LP lifted its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 31.8% during the 1st quarter. Caxton Associates LP now owns 14,718 shares of the bank’s stock worth $143,000 after purchasing an additional 3,550 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the 3rd quarter worth about $48,000. Institutional investors own 65.51% of the company’s stock.

Northfield Bancorp, Inc. (Staten Island, NY) Company Profile

(Get Free Report)

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.

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