Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Director Timothy C. Harrison Purchases 1,290 Shares of Stock

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Director Timothy C. Harrison bought 1,290 shares of the stock in a transaction on Thursday, May 2nd. The shares were acquired at an average cost of $8.89 per share, for a total transaction of $11,468.10. Following the acquisition, the director now directly owns 67,682 shares in the company, valued at $601,692.98. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Up 1.6 %

NFBK opened at $9.01 on Friday. The firm has a market capitalization of $400.58 million, a P/E ratio of 12.01 and a beta of 0.71. Northfield Bancorp, Inc. has a one year low of $7.99 and a one year high of $13.48. The company has a fifty day moving average price of $9.26 and a 200-day moving average price of $10.32. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.10 and a quick ratio of 1.12.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last posted its earnings results on Wednesday, April 24th. The bank reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). The business had revenue of $62.03 million for the quarter, compared to analysts’ expectations of $30.93 million. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.65% and a net margin of 14.02%. Equities research analysts expect that Northfield Bancorp, Inc. will post 0.67 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 will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 5.77%. The ex-dividend date of this dividend is Tuesday, May 7th. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio (DPR) is 69.33%.

Institutional Investors Weigh In On Northfield Bancorp, Inc. (Staten Island, NY)

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. grew its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 41.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,572 shares of the bank’s stock worth $53,000 after buying an additional 1,622 shares in the last quarter. Barclays PLC grew its position in Northfield Bancorp, Inc. (Staten Island, NY) by 12.4% in the third quarter. Barclays PLC now owns 26,962 shares of the bank’s stock worth $255,000 after acquiring an additional 2,971 shares in the last quarter. Strs Ohio increased its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 7.0% in the third quarter. Strs Ohio now owns 56,700 shares of the bank’s stock valued at $535,000 after acquiring an additional 3,700 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the third quarter valued at about $48,000. Finally, Aigen Investment Management LP lifted its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 45.1% during the third quarter. Aigen Investment Management LP now owns 25,700 shares of the bank’s stock worth $243,000 after purchasing an additional 7,986 shares during the last quarter. 65.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on NFBK. Piper Sandler reduced their price target on Northfield Bancorp, Inc. (Staten Island, NY) from $13.00 to $11.00 and set a “neutral” rating for the company in a research report on Wednesday. Keefe, Bruyette & Woods reduced their target price on Northfield Bancorp, Inc. (Staten Island, NY) from $12.00 to $11.00 and set a “market perform” rating for the company in a report on Friday, April 5th. Finally, TheStreet downgraded shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “b-” rating to a “c+” rating in a report on Friday, March 1st.

About Northfield Bancorp, Inc. (Staten Island, NY)

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.