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

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 morning.

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

Northfield Bancorp, Inc. (Staten Island, NY) Stock Up 3.6 %

Shares of NASDAQ:NFBK opened at $13.78 on Friday. The company has a market capitalization of $591.16 million, a PE ratio of 21.53 and a beta of 0.74. 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 business has a fifty day moving average price of $12.17 and a two-hundred day moving average price of $10.96. Northfield Bancorp, Inc. has a 1 year low of $6.98 and a 1 year high of $14.28.

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

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

The business also recently declared 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. The ex-dividend date was Wednesday, November 6th. This represents a $0.52 annualized dividend and a yield of 3.77%. Northfield Bancorp, Inc. (Staten Island, NY)’s payout ratio is 81.25%.

Hedge Funds Weigh In On Northfield Bancorp, Inc. (Staten Island, NY)

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Signaturefd LLC grew its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 227.2% in the 3rd 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 stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the 3rd quarter worth 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 position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 105.9% in the 2nd quarter. nVerses Capital LLC now owns 3,500 shares of the bank’s stock worth $33,000 after buying an additional 1,800 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the 2nd quarter worth approximately $47,000. 65.51% of the stock is currently 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.