Insider Selling: Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Director Sells 11,000 Shares of Stock

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Get Free Report) Director Gil Chapman sold 11,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $11.89, for a total transaction of $130,790.00. Following the completion of the transaction, the director now owns 48,005 shares in the company, valued at $570,779.45. This trade represents a 18.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Down 2.2 %

NASDAQ:NFBK traded down $0.26 during mid-day trading on Friday, reaching $11.38. The stock had a trading volume of 168,919 shares, compared to its average volume of 176,504. The stock's 50 day simple moving average is $11.72 and its two-hundred day simple moving average is $12.02. Northfield Bancorp, Inc. has a 1-year low of $6.98 and a 1-year high of $14.39. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $488.20 million, a price-to-earnings ratio of 15.81 and a beta of 0.80.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.03. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.12% and a net margin of 11.76%. Equities analysts anticipate that Northfield Bancorp, Inc. will post 0.82 EPS for the current year.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 5th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date was Wednesday, February 5th. Northfield Bancorp, Inc. (Staten Island, NY)'s dividend payout ratio is currently 72.22%.

Institutional Trading of Northfield Bancorp, Inc. (Staten Island, NY)

Institutional investors have recently modified their holdings of the company. Signaturefd LLC increased its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 227.2% in the 3rd quarter. Signaturefd LLC now owns 2,143 shares of the bank's stock valued at $25,000 after buying an additional 1,488 shares during the period. Quarry LP bought a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the 3rd quarter valued at $28,000. Point72 Asset Management L.P. lifted its position in Northfield Bancorp, Inc. (Staten Island, NY) by 57.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 5,054 shares of the bank's stock valued at $59,000 after purchasing an additional 1,854 shares during the period. Quantbot Technologies LP acquired a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the fourth quarter worth $74,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the fourth quarter worth about $107,000. Institutional investors and hedge funds own 65.51% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Keefe, Bruyette & Woods decreased their target price on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $14.25 to $13.00 and set a "market perform" rating for the company in a research report on Monday, January 27th. StockNews.com raised shares of Northfield Bancorp, Inc. (Staten Island, NY) from a "sell" rating to a "hold" rating in a report on Thursday, December 5th.

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

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.