Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Downgraded by StockNews.com to Sell

StockNews.com lowered shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) from a hold rating to a sell rating in a research report released on Friday.

Separately, Keefe, Bruyette & Woods raised their price target on Northfield Bancorp, Inc. (Staten Island, NY) from $9.50 to $11.25 and gave the company a “market perform” rating in a research report on Tuesday, July 30th.

Northfield Bancorp, Inc. (Staten Island, NY) Price Performance

Shares of NASDAQ:NFBK opened at $13.87 on Friday. The stock has a market capitalization of $595.02 million, a P/E ratio of 21.86 and a beta of 0.74. The business has a 50-day moving average of $12.17 and a two-hundred day moving average of $10.97. Northfield Bancorp, Inc. has a fifty-two week low of $6.98 and a fifty-two week high of $14.39. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.09 and a quick ratio of 1.09.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last posted its earnings results on Wednesday, October 23rd. The bank reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.05% and a net margin of 10.94%. The firm had revenue of $62.90 million during the quarter, compared to analyst estimates of $32.30 million. On average, equities research analysts predict that Northfield Bancorp, Inc. will post 0.66 EPS for the current fiscal year.

Northfield Bancorp, Inc. (Staten Island, NY) Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend was Wednesday, November 6th. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio (DPR) is currently 81.25%.

Institutional Trading of Northfield Bancorp, Inc. (Staten Island, NY)

Hedge funds have recently bought and sold shares of the stock. Signaturefd LLC raised its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 227.2% during the third quarter. Signaturefd LLC now owns 2,143 shares of the bank’s stock valued at $25,000 after buying an additional 1,488 shares during the last quarter. Quarry LP acquired a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the 3rd quarter valued at approximately $28,000. Point72 Asset Management L.P. bought a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the 2nd quarter worth approximately $30,000. nVerses Capital LLC grew its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 105.9% during the 2nd quarter. nVerses Capital LLC now owns 3,500 shares of the bank’s stock worth $33,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the second quarter valued at approximately $47,000. 65.51% of the stock is owned by institutional investors.

Northfield Bancorp, Inc. (Staten Island, NY) Company Profile

Northfield Bancorp, Inc (Staten Island, NY) operates as the bank holding company for Northfield Bank that provides various banking products and services primarily to individuals and corporate customers. It accepts various deposits products, including certificates of deposit, passbook, statement, and money market savings accounts; transaction deposit accounts comprising negotiable orders of withdrawal accounts, and interest and non-interest-bearing checking accounts; and brokered deposits.