BidaskClub downgraded shares of Northfield Bancorp (NASDAQ:NFBK) from a hold rating to a sell rating in a research note issued to investors on Thursday.

NFBK has been the topic of a number of other research reports. Zacks Investment Research downgraded shares of Northfield Bancorp from a buy rating to a hold rating in a research report on Thursday, May 17th. ValuEngine upgraded shares of Northfield Bancorp from a sell rating to a hold rating in a research report on Tuesday, June 5th. Finally, Keefe, Bruyette & Woods restated a neutral rating on shares of Northfield Bancorp in a research report on Thursday, August 9th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. Northfield Bancorp presently has an average rating of Hold and an average target price of $17.60.

Shares of NASDAQ NFBK opened at $16.15 on Thursday. The company has a market capitalization of $804.76 million, a PE ratio of 22.12, a PEG ratio of 2.45 and a beta of 0.38. Northfield Bancorp has a 52-week low of $15.14 and a 52-week high of $18.39. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.09 and a current ratio of 1.09.

Northfield Bancorp (NASDAQ:NFBK) last issued its quarterly earnings results on Friday, July 27th. The bank reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.02. The firm had revenue of $30.22 million for the quarter, compared to the consensus estimate of $30.37 million. Northfield Bancorp had a net margin of 18.48% and a return on equity of 5.75%. equities research analysts expect that Northfield Bancorp will post 0.83 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 22nd. Stockholders of record on Wednesday, August 8th were paid a $0.10 dividend. The ex-dividend date was Tuesday, August 7th. This represents a $0.40 annualized dividend and a dividend yield of 2.48%. Northfield Bancorp’s dividend payout ratio is currently 54.79%.

In other news, EVP Michael J. Widmer sold 15,895 shares of Northfield Bancorp stock in a transaction on Tuesday, June 19th. The shares were sold at an average price of $16.76, for a total value of $266,400.20. Following the completion of the sale, the executive vice president now owns 104,150 shares in the company, valued at approximately $1,745,554. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robin Lefkowitz sold 2,000 shares of Northfield Bancorp stock in a transaction on Monday, August 13th. The shares were sold at an average price of $16.30, for a total transaction of $32,600.00. Following the completion of the sale, the executive vice president now owns 24,670 shares of the company’s stock, valued at approximately $402,121. The disclosure for this sale can be found here. Insiders sold a total of 89,629 shares of company stock valued at $1,488,974 in the last quarter. 9.34% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Rhumbline Advisers increased its stake in shares of Northfield Bancorp by 3.6% in the 1st quarter. Rhumbline Advisers now owns 135,439 shares of the bank’s stock valued at $2,114,000 after acquiring an additional 4,745 shares in the last quarter. Millennium Management LLC increased its stake in shares of Northfield Bancorp by 574.8% in the 1st quarter. Millennium Management LLC now owns 123,497 shares of the bank’s stock valued at $1,928,000 after acquiring an additional 105,196 shares in the last quarter. Swiss National Bank increased its stake in shares of Northfield Bancorp by 7.1% in the 1st quarter. Swiss National Bank now owns 76,600 shares of the bank’s stock valued at $1,196,000 after acquiring an additional 5,100 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Northfield Bancorp by 3.0% in the 1st quarter. Principal Financial Group Inc. now owns 370,044 shares of the bank’s stock valued at $5,776,000 after acquiring an additional 10,944 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Northfield Bancorp in the 1st quarter valued at $126,000. Institutional investors own 55.17% of the company’s stock.

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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