Annette Catino, a director at Northfield Bancorp, Inc. (NASDAQ:NFBK), recently sold 22,000 shares of the company's common stock. The transaction, which took place on December 16, was executed at a weighted average price of $13.12 per share, resulting in a total value of $288,640. Following this sale, Catino owns 225,653 shares directly. The sale comes amid a significant 66% surge in NFBK's stock price over the past six months, with InvestingPro analysis suggesting the stock remains undervalued at its current market cap of $549 million.
The shares were sold at prices ranging from $13.00 to $13.24, according to the filing. Catino also holds additional shares indirectly through a SEP and an IRA, with 37,460 and 21,000 shares respectively. The bank has maintained dividend payments for 17 consecutive years, with analysts setting price targets between $14.00 and $14.25, suggesting potential upside from current levels.
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