Piper Jaffray Companies restated their hold rating on shares of Northfield Bancorp, Inc. (NASDAQ:NFBK) in a research note published on Thursday morning. The firm currently has a $16.50 target price on the bank’s stock.

NFBK has been the topic of a number of other research reports. BidaskClub cut shares of Northfield Bancorp from a sell rating to a strong sell rating in a report on Wednesday, July 12th. Keefe, Bruyette & Woods set a $18.00 target price on shares of Northfield Bancorp and gave the company a hold rating in a report on Saturday, May 20th.

Northfield Bancorp (NFBK) traded up 0.78% on Thursday, reaching $16.84. 50,710 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $17.05 and its 200 day moving average price is $17.68. Northfield Bancorp has a 12 month low of $14.88 and a 12 month high of $20.59. The company has a market cap of $762.04 million, a PE ratio of 23.07 and a beta of 0.33.

Northfield Bancorp (NASDAQ:NFBK) last announced its earnings results on Wednesday, July 26th. The bank reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.03. Northfield Bancorp had a net margin of 24.13% and a return on equity of 4.93%. The firm had revenue of $29.35 million for the quarter, compared to analysts’ expectations of $26.20 million. During the same quarter in the previous year, the business posted $0.15 EPS. On average, equities analysts expect that Northfield Bancorp will post $0.74 EPS for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend is Monday, August 7th. Northfield Bancorp’s dividend payout ratio is presently 43.84%.

In other news, CEO John Wade Alexander sold 20,000 shares of Northfield Bancorp stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $16.56, for a total value of $331,200.00. Following the completion of the transaction, the chief executive officer now owns 480,697 shares of the company’s stock, valued at approximately $7,960,342.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Patrick E. Scura, Jr. sold 8,483 shares of Northfield Bancorp stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $17.41, for a total value of $147,689.03. Following the completion of the transaction, the director now directly owns 60,043 shares of the company’s stock, valued at approximately $1,045,348.63. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,986 shares of company stock valued at $727,892. 10.50% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of NFBK. BNP Paribas Arbitrage SA raised its position in Northfield Bancorp by 58.5% in the second quarter. BNP Paribas Arbitrage SA now owns 15,723 shares of the bank’s stock valued at $270,000 after buying an additional 5,805 shares in the last quarter. Legal & General Group Plc raised its position in Northfield Bancorp by 7.8% in the second quarter. Legal & General Group Plc now owns 80,395 shares of the bank’s stock valued at $1,378,000 after buying an additional 5,829 shares in the last quarter. Arizona State Retirement System raised its position in Northfield Bancorp by 0.9% in the second quarter. Arizona State Retirement System now owns 23,715 shares of the bank’s stock valued at $407,000 after buying an additional 200 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Northfield Bancorp by 1.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 206,514 shares of the bank’s stock valued at $3,542,000 after buying an additional 1,946 shares in the last quarter. Finally, Sei Investments Co. raised its position in Northfield Bancorp by 96.2% in the second quarter. Sei Investments Co. now owns 15,982 shares of the bank’s stock valued at $274,000 after buying an additional 7,838 shares in the last quarter. 53.28% of the stock is owned by hedge funds and other institutional investors.

Northfield Bancorp Company Profile

Northfield Bancorp, Inc is a holding company for Northfield Bank (the Bank). Northfield Bank’s principal business consists of originating commercial real estate loans and multifamily real estate loans, purchasing investment securities including mortgage-backed securities and corporate bonds, as well as depositing funds in other financial institutions.

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