Northfield Bancorp Inc (NFBK) EVP Sells $35,544.06 in Stock
Northfield Bancorp Inc (NASDAQ:NFBK) EVP William R. Jacobs sold 2,166 shares of the company’s stock in a transaction that occurred on Tuesday, June 12th. The stock was sold at an average price of $16.41, for a total transaction of $35,544.06. Following the completion of the transaction, the executive vice president now owns 222,877 shares in the company, valued at approximately $3,657,411.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Northfield Bancorp stock traded up $0.05 during midday trading on Thursday, reaching $16.37. 92,339 shares of the company traded hands, compared to its average volume of 98,042. The company has a market cap of $822.47 million, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 2.51 and a beta of 0.36. Northfield Bancorp Inc has a 12 month low of $15.14 and a 12 month high of $18.39. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.71.
Northfield Bancorp (NASDAQ:NFBK) last issued its quarterly earnings data on Wednesday, April 25th. The bank reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.02. The company had revenue of $29.95 million for the quarter, compared to the consensus estimate of $29.87 million. Northfield Bancorp had a net margin of 17.38% and a return on equity of 5.43%. sell-side analysts expect that Northfield Bancorp Inc will post 0.84 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of NFBK. Principal Financial Group Inc. raised its position in Northfield Bancorp by 3.0% in the first quarter. Principal Financial Group Inc. now owns 370,044 shares of the bank’s stock worth $5,776,000 after acquiring an additional 10,944 shares during the period. Legal & General Group Plc raised its position in Northfield Bancorp by 3.8% in the first quarter. Legal & General Group Plc now owns 85,749 shares of the bank’s stock worth $1,340,000 after acquiring an additional 3,171 shares during the period. Millennium Management LLC raised its position in Northfield Bancorp by 574.8% in the first quarter. Millennium Management LLC now owns 123,497 shares of the bank’s stock worth $1,928,000 after acquiring an additional 105,196 shares during the period. Barclays PLC raised its position in Northfield Bancorp by 99.3% in the first quarter. Barclays PLC now owns 13,612 shares of the bank’s stock worth $212,000 after acquiring an additional 6,783 shares during the period. Finally, RMB Capital Management LLC bought a new position in Northfield Bancorp in the first quarter worth approximately $156,000. Institutional investors own 55.03% of the company’s stock.
Several brokerages have recently issued reports on NFBK. Zacks Investment Research upgraded shares of Northfield Bancorp from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Tuesday, March 13th. ValuEngine upgraded shares of Northfield Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, June 5th. BidaskClub upgraded shares of Northfield Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, May 22nd. TheStreet upgraded shares of Northfield Bancorp from a “c+” rating to a “b” rating in a research report on Thursday, April 26th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $18.50 price objective on shares of Northfield Bancorp in a research report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $17.60.
About Northfield Bancorp
Northfield Bancorp, Inc 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 transaction accounts comprising negotiable orders of withdrawal accounts and non-interest bearing checking accounts; savings accounts, such as money market, passbook, and statement savings; certificates of deposit consisting of individual retirement accounts; and brokered deposits.
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