Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Shares Up 4.9% After Earnings Beat

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)’s stock price was up 4.9% during trading 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 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, topping the consensus estimate of $0.18 by $0.03. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 10.94% and a return on equity of 4.05%.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 5th will be issued a $0.13 dividend. The ex-dividend date is Wednesday, February 5th. This represents a $0.52 annualized dividend and a dividend yield of 4.38%. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is currently 81.25%.

Analyst Ratings Changes

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

Insider Buying and Selling

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

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

A number of large investors have recently modified their holdings of NFBK. Millennium Management LLC increased its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 877.7% in the 2nd quarter. Millennium Management LLC now owns 1,074,151 shares of the bank’s stock valued at $10,183,000 after purchasing an additional 964,286 shares during the last quarter. State Street Corp increased its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 36.5% in the 3rd quarter. State Street Corp now owns 1,442,937 shares of the bank’s stock valued at $16,738,000 after purchasing an additional 385,711 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 69.7% in the 2nd quarter. AQR Capital Management LLC now owns 924,716 shares of the bank’s stock valued at $8,766,000 after purchasing an additional 379,695 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the 2nd quarter valued at approximately $2,180,000. Finally, JPMorgan Chase & Co. increased its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 221.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 280,119 shares of the bank’s stock valued at $3,249,000 after purchasing an additional 192,963 shares during the last quarter. 65.51% of the stock is owned by hedge funds and other institutional investors.

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

The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.09 and a current ratio of 1.09. The stock’s 50-day moving average is $12.36 and its 200 day moving average is $11.97. The stock has a market capitalization of $509.65 million, a PE ratio of 18.56 and a beta of 0.80.

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.