Northfield Bancorp Inc (NASDAQ:NFBK) EVP William R. Jacobs sold 2,166 shares of the company’s stock in a transaction dated 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 sale, 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 the SEC website.
Shares of NASDAQ NFBK traded up $0.05 during midday trading on Thursday, hitting $16.37. The stock had a trading volume of 92,339 shares, compared to its average volume of 98,042. The company has a market cap of $822.47 million, a PE ratio of 22.42, a P/E/G ratio of 2.51 and a beta of 0.36. Northfield Bancorp Inc 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 0.71, a quick ratio of 1.08 and a current ratio of 1.08.
Northfield Bancorp (NASDAQ:NFBK) last issued its earnings results on Wednesday, April 25th. The bank reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.02. The firm 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%. analysts forecast that Northfield Bancorp Inc will post 0.84 earnings per share for the current fiscal year.
NFBK has been the topic of a number of recent research reports. TheStreet upgraded shares of Northfield Bancorp from a “c+” rating to a “b” rating in a report on Thursday, April 26th. Zacks Investment Research upgraded shares of Northfield Bancorp from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Tuesday, March 13th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $18.50 price objective on shares of Northfield Bancorp in a report on Tuesday, February 27th. Sandler O’Neill restated a “hold” rating and issued a $16.50 price objective on shares of Northfield Bancorp in a report on Monday, March 26th. Finally, BidaskClub upgraded shares of Northfield Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $17.60.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Legal & General Group Plc lifted its stake in shares of 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 buying an additional 3,171 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Northfield Bancorp by 0.6% in the first quarter. Northern Trust Corp now owns 584,936 shares of the bank’s stock worth $9,131,000 after buying an additional 3,715 shares in the last quarter. Aperio Group LLC lifted its stake in shares of Northfield Bancorp by 29.1% in the first quarter. Aperio Group LLC now owns 17,563 shares of the bank’s stock worth $274,000 after buying an additional 3,957 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Northfield Bancorp by 3.6% in the first quarter. Rhumbline Advisers now owns 135,439 shares of the bank’s stock worth $2,114,000 after buying an additional 4,745 shares in the last quarter. Finally, Swiss National Bank lifted its stake in shares of Northfield Bancorp by 7.1% in the first quarter. Swiss National Bank now owns 76,600 shares of the bank’s stock worth $1,196,000 after buying an additional 5,100 shares in the last quarter. Hedge funds and other institutional investors own 55.03% of the company’s stock.
Northfield Bancorp Company Profile
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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