Insider Selling: Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Director Sells 22,000 Shares of Stock

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Get Free Report) Director Annette Catino sold 22,000 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $13.12, for a total value of $288,640.00. Following the completion of the transaction, the director now directly owns 225,653 shares in the company, valued at $2,960,567.36. The trade was a 8.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Performance

Shares of NASDAQ NFBK traded down $0.45 during midday trading on Tuesday, hitting $12.79. 232,856 shares of the company's stock were exchanged, compared to its average volume of 264,188. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.50. Northfield Bancorp, Inc. has a 12 month low of $6.98 and a 12 month high of $14.39. The company's 50 day moving average price is $12.70 and its 200 day moving average price is $11.42. The firm has a market capitalization of $548.74 million, a PE ratio of 20.00 and a beta of 0.78.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. The business had revenue of $62.90 million during the quarter, compared to analysts' expectations of $32.30 million. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.05% and a net margin of 10.94%. As a group, analysts predict that Northfield Bancorp, Inc. will post 0.66 earnings per share for the current fiscal year.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were issued a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.52 annualized dividend and a yield of 4.07%. Northfield Bancorp, Inc. (Staten Island, NY)'s dividend payout ratio is presently 81.25%.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC raised its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 227.2% during the 3rd quarter. Signaturefd LLC now owns 2,143 shares of the bank's stock worth $25,000 after buying an additional 1,488 shares in the last quarter. Quarry LP bought a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the 3rd quarter valued at about $28,000. Point72 Asset Management L.P. bought a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the 2nd quarter valued at about $30,000. nVerses Capital LLC grew its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 105.9% in the 2nd quarter. nVerses Capital LLC now owns 3,500 shares of the bank's stock valued at $33,000 after buying an additional 1,800 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the 2nd quarter valued at about $47,000. 65.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Keefe, Bruyette & Woods raised their price target on Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $14.25 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. StockNews.com upgraded Northfield Bancorp, Inc. (Staten Island, NY) from a "sell" rating to a "hold" rating in a research note 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.