Northfield Bancorp (NASDAQ:NFBK) announced its earnings results on Wednesday. The bank reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.02), Fidelity Earnings reports. Northfield Bancorp had a return on equity of 5.30% and a net margin of 23.84%. The company had revenue of $29.73 million for the quarter, compared to analyst estimates of $29.96 million.
NASDAQ NFBK traded up $0.44 during trading hours on Friday, hitting $16.08. The company’s stock had a trading volume of 109,515 shares, compared to its average volume of 88,952. The stock has a fifty day moving average of $15.46. Northfield Bancorp has a twelve month low of $12.76 and a twelve month high of $16.83. The firm has a market cap of $798.43 million, a price-to-earnings ratio of 21.16, a P/E/G ratio of 2.67 and a beta of 0.56. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.67.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, August 6th. This represents a $0.44 annualized dividend and a yield of 2.74%. Northfield Bancorp’s dividend payout ratio is currently 57.89%.
In other Northfield Bancorp news, CEO Steven M. Klein sold 4,406 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $15.09, for a total value of $66,486.54. Following the sale, the chief executive officer now directly owns 370,226 shares in the company, valued at $5,586,710.34. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Frank P. Patafio sold 4,500 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $15.22, for a total transaction of $68,490.00. Following the completion of the sale, the director now owns 187,774 shares in the company, valued at $2,857,920.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,375 shares of company stock worth $566,248. Company insiders own 8.60% of the company’s stock.
Several equities analysts recently weighed in on the stock. BidaskClub lowered shares of Weyco Group from a “sell” rating to a “strong sell” rating in a report on Saturday, July 13th. TheStreet lowered shares of Trade Desk from a “b-” rating to a “c-” rating in a report on Thursday, May 9th. Finally, Zacks Investment Research restated a “hold” rating on shares of Western New England Bancorp in a report on Saturday, June 29th. One analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. Northfield Bancorp currently has a consensus rating of “Hold” and a consensus price target of $18.00.
Northfield Bancorp Company Profile
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 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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