Don't Ignore The Insider Selling In Northfield Bancorp (Staten Island NY)

Anyone interested in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) should probably be aware that the Independent Director, Annette Catino, recently divested US$289k worth of shares in the company, at an average price of US$13.12 each. On the bright side, that sale was only 7.2% of their holding, so we doubt it's very meaningful, on its own.

View our latest analysis for Northfield Bancorp (Staten Island NY)

Northfield Bancorp (Staten Island NY) Insider Transactions Over The Last Year

In fact, the recent sale by Annette Catino was the biggest sale of Northfield Bancorp (Staten Island NY) shares made by an insider individual in the last twelve months, according to our records. So what is clear is that an insider saw fit to sell at around the current price of US$11.93. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

Over the last year, we can see that insiders have bought 75.85k shares worth US$598k. But insiders sold 22.00k shares worth US$289k. Overall, Northfield Bancorp (Staten Island NY) insiders were net buyers during the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

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Insider Ownership Of Northfield Bancorp (Staten Island NY)

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Northfield Bancorp (Staten Island NY) insiders own about US$25m worth of shares. That equates to 4.9% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Northfield Bancorp (Staten Island NY) Insider Transactions Indicate?

An insider sold Northfield Bancorp (Staten Island NY) shares recently, but they didn't buy any. But we take heart from prior transactions. We like that insiders own a fair amount of the company. So we're not overly bothered by recent selling. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Every company has risks, and we've spotted 1 warning sign for Northfield Bancorp (Staten Island NY) you should know about.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.