Northfield Bancorp (NASDAQ:NFBK) Director Paul Stahlin Buys 10,000 Shares

Key Points

• Director Paul Stahlin purchased 10,000 shares on March 17 at an average cost of $13.19 per share (about $131,900), boosting his stake 22.55% to 54,354 shares as disclosed in an SEC filing.
• Shares traded up 1.2% to $13.21 on above-average volume; Northfield reported a quarterly EPS of $0.34 (vs. $0.28 expected) and revenue of $78.01M (vs. $39.48M expected), pays a $0.13 quarterly dividend (≈3.9% yield), and has an average analyst target of $14.33.

Northfield Bancorp, Inc. (NASDAQ:NFBK - Get Free Report) Director Paul Stahlin purchased 10,000 shares of the business's stock in a transaction on Tuesday, March 17th. The stock was purchased at an average cost of $13.19 per share, for a total transaction of $131,900.00. Following the acquisition, the director owned 54,354 shares in the company, valued at approximately $716,929.26. The trade was a 22.55% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Northfield Bancorp Trading Up 1.2%

Shares of NASDAQ:NFBK traded up $0.15 during midday trading on Thursday, hitting $13.21. 381,452 shares of the stock traded hands, compared to its average volume of 328,917. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.39. The business's 50 day moving average is $12.91 and its two-hundred day moving average is $11.84. The stock has a market capitalization of $551.82 million, a PE ratio of 1,320.40 and a beta of 0.82. Northfield Bancorp, Inc. has a one year low of $9.40 and a one year high of $14.05.

Northfield Bancorp (NASDAQ:NFBK - Get Free Report) last posted its earnings results on Tuesday, February 3rd. The bank reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.06. The company had revenue of $78.01 million for the quarter, compared to analysts' expectations of $39.48 million. Northfield Bancorp had a return on equity of 5.91% and a net margin of 0.30%. As a group, research analysts forecast that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current year.

Northfield Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Thursday, February 12th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Thursday, February 12th. Northfield Bancorp's dividend payout ratio is currently 5,200.00%.

Institutional Trading of Northfield Bancorp

Hedge funds have recently modified their holdings of the business. Signaturefd LLC grew its position in Northfield Bancorp by 41.6% in the 4th quarter. Signaturefd LLC now owns 3,019 shares of the bank's stock worth $35,000 after purchasing an additional 887 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of Northfield Bancorp by 4.9% during the 4th quarter. MetLife Investment Management LLC now owns 19,613 shares of the bank's stock valued at $224,000 after buying an additional 918 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Northfield Bancorp by 29.9% during the 4th quarter. Russell Investments Group Ltd. now owns 4,479 shares of the bank's stock valued at $51,000 after buying an additional 1,032 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Northfield Bancorp by 8.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,129 shares of the bank's stock worth $174,000 after buying an additional 1,164 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Northfield Bancorp by 6.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,012 shares of the bank's stock worth $251,000 after buying an additional 1,426 shares during the last quarter. Institutional investors own 65.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NFBK shares. New Street Research set a $14.50 price objective on shares of Northfield Bancorp in a research report on Friday, February 6th. Weiss Ratings lowered shares of Northfield Bancorp from a "hold (c)" rating to a "sell (d+)" rating in a research note on Wednesday, March 4th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Northfield Bancorp from $12.00 to $14.50 and gave the company a "hold" rating in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $14.33.

Northfield Bancorp Company Profile

Northfield Bancorp is the bank holding company for Northfield Bank, a New Jersey‐based community bank offering a full range of financial products and services. Headquartered in New Jersey, the company serves individuals, families and small to mid‐sized businesses across Northern and Central New Jersey. Northfield Bancorp focuses on building lasting customer relationships through a combination of personalized service and technology‐driven solutions.

Through its subsidiary, Northfield Bank provides personal banking services such as checking and savings accounts, consumer loans, mortgage products and home equity lines of credit.

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