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

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

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

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

Shares of NASDAQ:NFBK opened at $13.87 on Friday. 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’s fifty day moving average price is $12.17 and its two-hundred day moving average price is $10.97. Northfield Bancorp, Inc. has a fifty-two week low of $6.98 and a fifty-two week high of $14.39. The stock has a market capitalization of $595.02 million, a price-to-earnings ratio of 21.86 and a beta of 0.74.

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

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

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

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

Hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC raised its stake in shares of 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 acquiring an additional 1,488 shares during the last quarter. Quarry LP acquired a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the third quarter valued at approximately $28,000. Point72 Asset Management L.P. bought a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the 2nd quarter worth approximately $30,000. nVerses Capital LLC lifted its holdings in 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 buying an additional 1,800 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the 2nd quarter valued at $47,000. Institutional investors own 65.51% of the company’s stock.

About Northfield Bancorp, Inc. (Staten Island, NY)

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.