Looking at Northfield Bancorp, Inc. (Staten Island, NY)'s (NASDAQ:NFBK ) insider transactions over the last year, we can see that insiders were net buyers. That is, there were more number of shares purchased by insiders than there were sold.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.
Northfield Bancorp (Staten Island NY) Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when Independent Director Patrick Ryan bought US$99k worth of shares at a price of US$9.92 per share. Even though the purchase was made at a significantly lower price than the recent price (US$12.03), we still think insider buying is a positive. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
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!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership Of Northfield Bancorp (Staten Island NY)
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Northfield Bancorp (Staten Island NY) insiders own about US$23m worth of shares. That equates to 4.4% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About Northfield Bancorp (Staten Island NY) Insiders?
It doesn't really mean much that no insider has traded Northfield Bancorp (Staten Island NY) shares in the last quarter. However, our analysis of transactions over the last year is heartening. Insiders do have a stake in Northfield Bancorp (Staten Island NY) and their transactions don't cause us concern. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Northfield Bancorp (Staten Island NY).
But note: Northfield Bancorp (Staten Island NY) may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.