Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Shares Up 4.9% Following Better-Than-Expected Earnings

Shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) were up 4.9% on Thursday following a stronger than expected earnings report. The company traded as high as $12.21 and last traded at $11.98. Approximately 24,423 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 146,380 shares. The stock had previously closed at $11.42.

The bank reported $0.21 EPS for the quarter, beating the consensus estimate of $0.18 by $0.03. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.13% and a net margin of 11.76%.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 5th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $0.52 dividend on an annualized basis and a yield of 4.46%. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio (DPR) is currently 72.22%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. StockNews.com raised shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Keefe, Bruyette & Woods upped their price target on Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $14.25 and gave the company a “market perform” rating in a research report on Wednesday, December 4th.

Insider Activity at Northfield Bancorp, Inc. (Staten Island, NY)

In other Northfield Bancorp, Inc. (Staten Island, NY) news, Director Annette Catino sold 22,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $13.12, for a total transaction of $288,640.00. Following the completion of the transaction, the director now owns 225,653 shares of the company’s stock, valued at approximately $2,960,567.36. This trade represents a 8.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.48% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Northfield Bancorp, Inc. (Staten Island, NY)

Several hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC raised its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 227.2% in the third quarter. Signaturefd LLC now owns 2,143 shares of the bank’s stock worth $25,000 after buying an additional 1,488 shares during the last quarter. Quarry LP bought a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the 3rd quarter valued at approximately $28,000. Point72 Asset Management L.P. purchased a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the 2nd quarter valued at $30,000. Point72 DIFC Ltd purchased a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the 2nd quarter valued at $47,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the 3rd quarter worth $138,000. 65.51% of the stock is owned by institutional investors.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Down 1.9 %

The company has a debt-to-equity ratio of 1.50, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market cap of $500.21 million, a PE ratio of 16.19 and a beta of 0.80. The company has a 50 day moving average price of $12.29 and a two-hundred day moving average price of $11.99.

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.