Robin Lefkowitz Sells 1,000 Shares of Northfield Bancorp, Inc. (NFBK) Stock
Northfield Bancorp, Inc. (NASDAQ:NFBK) EVP Robin Lefkowitz sold 1,000 shares of the company’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $16.00, for a total transaction of $16,000.00. Following the sale, the executive vice president now directly owns 32,433 shares of the company’s stock, valued at approximately $518,928. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Northfield Bancorp, Inc. (NFBK) opened at 15.93 on Wednesday. Northfield Bancorp, Inc. has a one year low of $14.88 and a one year high of $20.59. The company has a 50 day moving average of $16.53 and a 200-day moving average of $17.42. The stock has a market cap of $720.86 million, a price-to-earnings ratio of 21.82 and a beta of 0.33.
Northfield Bancorp (NASDAQ:NFBK) last announced its quarterly earnings data on Wednesday, July 26th. The bank reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.03. The firm had revenue of $29.35 million during the quarter, compared to the consensus estimate of $26.20 million. Northfield Bancorp had a return on equity of 4.93% and a net margin of 24.13%. During the same period in the prior year, the business earned $0.15 EPS. On average, analysts anticipate that Northfield Bancorp, Inc. will post $0.74 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend was Monday, August 7th. Northfield Bancorp’s dividend payout ratio is currently 43.84%.
Large investors have recently made changes to their positions in the company. TD Asset Management Inc. increased its stake in shares of Northfield Bancorp by 11.8% in the first quarter. TD Asset Management Inc. now owns 219,900 shares of the bank’s stock valued at $3,963,000 after buying an additional 23,200 shares in the last quarter. Sei Investments Co. raised its position in shares of Northfield Bancorp by 6.0% in the first quarter. Sei Investments Co. now owns 8,144 shares of the bank’s stock valued at $147,000 after buying an additional 462 shares during the last quarter. Karp Capital Management Corp purchased a new position in shares of Northfield Bancorp during the first quarter valued at $189,000. UBS Asset Management Americas Inc. raised its position in shares of Northfield Bancorp by 28.7% in the first quarter. UBS Asset Management Americas Inc. now owns 23,297 shares of the bank’s stock valued at $420,000 after buying an additional 5,200 shares during the last quarter. Finally, LS Investment Advisors LLC raised its position in shares of Northfield Bancorp by 247.5% in the first quarter. LS Investment Advisors LLC now owns 5,539 shares of the bank’s stock valued at $100,000 after buying an additional 3,945 shares during the last quarter. 53.41% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently issued reports on the stock. Piper Jaffray Companies reaffirmed a “hold” rating and set a $16.50 target price on shares of Northfield Bancorp in a report on Thursday, August 3rd. BidaskClub lowered shares of Northfield Bancorp from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Finally, Keefe, Bruyette & Woods set a $18.00 target price on shares of Northfield Bancorp and gave the stock a “hold” rating in a report on Saturday, May 20th.
About Northfield Bancorp
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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