Investors who take an interest in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) should definitely note that the Independent Director, Annette Catino, recently paid US$8.10 per share to buy US$121k worth of the stock. Although the purchase only increased their holding by 5.2%, it is still a solid purchase in our view.

The Last 12 Months Of Insider Transactions At Northfield Bancorp (Staten Island NY)

Notably, that recent purchase by Annette Catino is the biggest insider purchase of Northfield Bancorp (Staten Island NY) shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is US$8.17. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Northfield Bancorp (Staten Island NY) share holders is that insiders were buying at near the current price.

Northfield Bancorp (Staten Island NY) insiders may have bought shares in the last year, but they didn't sell any. 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!

Northfield Bancorp (Staten Island NY) is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It appears that Northfield Bancorp (Staten Island NY) insiders own 4.8% of the company, worth about US$17m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At Northfield Bancorp (Staten Island NY) Tell Us?

It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest Northfield Bancorp (Staten Island NY) insiders are well aligned, and that they may think the share price is too low. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For example - Northfield Bancorp (Staten Island NY) has 1 warning sign we think you should be aware of.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com