Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Price Target Lowered to $13.00 at Keefe, Bruyette & Woods

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) had its price target decreased by equities researchers at Keefe, Bruyette & Woods from $14.25 to $13.00 in a report released on Monday,Benzinga reports. The firm presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 11.30% from the stock’s current price.

Separately, StockNews.com upgraded Northfield Bancorp, Inc. (Staten Island, NY) from a “sell” rating to a “hold” rating in a report on Thursday, December 5th.

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

Shares of NFBK stock opened at $11.68 on Monday. Northfield Bancorp, Inc. has a 12 month low of $6.98 and a 12 month high of $14.39. The firm has a market capitalization of $501.07 million, a PE ratio of 16.22 and a beta of 0.80. The firm has a fifty day simple moving average of $12.24 and a two-hundred day simple moving average of $12.04. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.50.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last posted its earnings results on Wednesday, January 22nd. The bank reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 11.76% and a return on equity of 4.13%. Analysts forecast that Northfield Bancorp, Inc. will post 0.95 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Annette Catino sold 22,000 shares of Northfield Bancorp, Inc. (Staten Island, NY) 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 owns 225,653 shares of the company’s stock, valued at approximately $2,960,567.36. The trade was a 8.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 6.48% of the company’s stock.

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

A number of large investors have recently bought and sold shares of the company. Empowered Funds LLC grew its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 5.0% during the 4th quarter. Empowered Funds LLC now owns 129,082 shares of the bank’s stock worth $1,500,000 after acquiring an additional 6,135 shares during the period. Marshall Financial Group LLC purchased a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the fourth quarter valued at about $163,000. Assenagon Asset Management S.A. boosted its position in Northfield Bancorp, Inc. (Staten Island, NY) by 134.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 146,596 shares of the bank’s stock worth $1,703,000 after purchasing an additional 83,960 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 221.4% in the third quarter. JPMorgan Chase & Co. now owns 280,119 shares of the bank’s stock worth $3,249,000 after purchasing an additional 192,963 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the third quarter valued at approximately $547,000. 65.51% of the stock is owned by hedge funds and other 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.