Annette Catino Sells 22,000 Shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Stock

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Director Annette Catino sold 22,000 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $13.12, for a total value of $288,640.00. Following the sale, the director now directly owns 225,653 shares of the company’s stock, valued at approximately $2,960,567.36. This represents a 8.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Down 6.5 %

NFBK stock opened at $11.96 on Thursday. The stock has a fifty day moving average of $12.74 and a 200-day moving average of $11.44. Northfield Bancorp, Inc. has a fifty-two week low of $6.98 and a fifty-two week high of $14.39. The company has a market capitalization of $513.08 million, a price-to-earnings ratio of 18.69 and a beta of 0.78. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.09 and a current ratio of 1.09.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last issued its earnings results on Wednesday, October 23rd. The bank reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 10.94% and a return on equity of 4.05%. The firm had revenue of $62.90 million during the quarter, compared to analyst estimates of $32.30 million. As a group, equities research analysts predict that Northfield Bancorp, Inc. will post 0.66 earnings per share for the current year.

Northfield Bancorp, Inc. (Staten Island, NY) Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were paid a $0.13 dividend. The ex-dividend date was Wednesday, November 6th. This represents a $0.52 dividend on an annualized basis and a yield of 4.35%. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is 81.25%.

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

Several institutional investors have recently made changes to their positions in NFBK. State Street Corp grew its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 36.5% in the third quarter. State Street Corp now owns 1,442,937 shares of the bank’s stock valued at $16,738,000 after purchasing an additional 385,711 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 3.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,437,149 shares of the bank’s stock worth $13,624,000 after purchasing an additional 41,500 shares during the period. Millennium Management LLC grew its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 877.7% during the 2nd quarter. Millennium Management LLC now owns 1,074,151 shares of the bank’s stock valued at $10,183,000 after buying an additional 964,286 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 69.7% during the second quarter. AQR Capital Management LLC now owns 924,716 shares of the bank’s stock valued at $8,766,000 after buying an additional 379,695 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 11.6% in the second quarter. American Century Companies Inc. now owns 602,688 shares of the bank’s stock worth $5,713,000 after buying an additional 62,473 shares in the last quarter. Hedge funds and other institutional investors own 65.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NFBK. Keefe, Bruyette & Woods increased their price target on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $14.25 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com upgraded shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th.

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.