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

Shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) rose 4.9% during mid-day trading on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $12.21 and last traded at $11.98. Approximately 24,423 shares traded 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 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.03. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.05% and a net margin of 10.94%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, Director Annette Catino sold 22,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $13.12, for a total value of $288,640.00. Following the completion of the transaction, the director now directly owns 225,653 shares in the company, valued at approximately $2,960,567.36. The trade was a 8.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.48% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NFBK. Signaturefd LLC boosted its stake in 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 purchasing an additional 1,488 shares during the period. Quarry LP acquired a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the third quarter worth about $28,000. Point72 Asset Management L.P. acquired a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the second quarter worth about $30,000. Point72 DIFC Ltd bought a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the second quarter worth about $47,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the 3rd quarter valued at approximately $138,000. Institutional investors own 65.51% of the company’s stock.

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

The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.50. The company has a 50 day simple moving average of $12.36 and a 200 day simple moving average of $11.97. The stock has a market cap of $516.73 million, a P/E ratio of 18.78 and a beta of 0.80.

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.