Northfield Bancorp (NASDAQ:NFBK) EVP David Fasanella Acquires 7,500 Shares of Stock

Northfield Bancorp, Inc. (NASDAQ:NFBK) EVP David Fasanella bought 7,500 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were acquired at an average price of $13.07 per share, with a total value of $98,025.00. Following the completion of the acquisition, the executive vice president directly owned 11,500 shares in the company, valued at $150,305. This represents a 187.50% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Northfield Bancorp Price Performance

Shares of NASDAQ:NFBK opened at $13.22 on Friday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.99 and a current ratio of 0.99. Northfield Bancorp, Inc. has a one year low of $9.40 and a one year high of $14.05. The business’s fifty day moving average price is $12.98 and its two-hundred day moving average price is $11.86. The stock has a market cap of $552.07 million, a PE ratio of 1,322.00 and a beta of 0.82.

Northfield Bancorp (NASDAQ:NFBK) last announced its quarterly earnings data on Tuesday, February 3rd. The bank reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.06. Northfield Bancorp had a net margin of 0.30% and a return on equity of 5.91%. The business had revenue of $78.01 million for the quarter, compared to the consensus estimate of $39.48 million. On average, analysts forecast that Northfield Bancorp, Inc. will post 0.82 EPS for the current fiscal year.

Northfield Bancorp Announces Dividend

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

Analyst Upgrades and Downgrades

NFBK has been the subject of a number of analyst reports. Weiss Ratings downgraded Northfield Bancorp from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday, March 4th. Keefe, Bruyette & Woods upped their target price on Northfield Bancorp from $12.00 to $14.50 and gave the company a “hold” rating in a research report on Friday, February 6th. Finally, New Street Research set a $14.50 target price on Northfield Bancorp in a research note on Friday, February 6th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.33.

Institutional Trading of Northfield Bancorp

Hedge funds have recently bought and sold shares of the company. Signaturefd LLC boosted its position in shares of Northfield Bancorp by 41.6% during the 4th quarter. Signaturefd LLC now owns 3,019 shares of the bank’s stock valued at $35,000 after purchasing an additional 887 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Northfield Bancorp by 1,195.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,447 shares of the bank’s stock worth $41,000 after purchasing an additional 3,181 shares in the last quarter. Quadrant Capital Group LLC acquired a new stake in Northfield Bancorp during the third quarter valued at approximately $77,000. Cornerstone Planning Group LLC boosted its holdings in Northfield Bancorp by 30,922.6% during the fourth quarter. Cornerstone Planning Group LLC now owns 9,617 shares of the bank’s stock worth $114,000 after buying an additional 9,586 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new stake in Northfield Bancorp during the fourth quarter worth approximately $125,000. 65.51% of the stock is currently owned by institutional investors.

About Northfield Bancorp

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.