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Director Paul Stahlin of Northfield Bancorp, Inc. (NASDAQ:NFBK), a $482 million regional bank with a notable 18-year track record of consistent dividend payments, sold a total of 8,000 shares of common stock in two separate transactions. The sales occurred at a price of $11.66 per share, totaling $93,280. According to InvestingPro analysis, the stock currently trades below its Fair Value, offering an attractive 4.48% dividend yield.
On June 18, 2025, Stahlin sold 3,231 shares. Following this transaction, Stahlin directly owns 49,123 shares of Northfield Bancorp. Then, on June 20, 2025, he sold an additional 4,769 shares. Following this second transaction, Stahlin directly owns 44,354 shares of the company, which trades at a P/E ratio of 14.7x.
In other recent news, Northfield Bancorp reported notable developments in its financial and governance landscape. DA Davidson increased its price target for Northfield Bancorp to $13.00, citing a strong net interest margin expansion and a pre-provision net revenue beat, though they maintained a Neutral rating. Piper Sandler upgraded the stock to Overweight and raised the price target to $14.00, highlighting the bank’s asset repricing potential and expected earnings growth. The firm’s analysis predicts a significant annual growth in earnings per share over the next two years.
Meanwhile, Northfield Bancorp held its annual stockholders meeting, where key decisions included the election of directors and the approval of executive compensation. The company also ratified the appointment of Crowe LLP as its independent auditor for 2025. Additionally, stockholders decided on the frequency of advisory votes on executive compensation, opting for an annual vote. These developments reflect Northfield Bancorp’s strategic management and financial outlook as it continues operations in the current fiscal year.
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