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

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) shares shot up 4.9% on Thursday following a better than expected earnings announcement. The stock traded as high as $12.21 and last traded at $11.98. 24,423 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 146,380 shares. The stock had previously closed at $11.42.

The bank reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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) Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have weighed in on NFBK. Keefe, Bruyette & Woods lifted their price objective on shares of 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 raised shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “sell” rating to a “hold” rating in a report on Thursday, December 5th.

Insider Buying and Selling at Northfield Bancorp, Inc. (Staten Island, NY)

In other news, Director Annette Catino sold 22,000 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $13.12, for a total transaction of $288,640.00. Following the completion of the sale, the director now owns 225,653 shares of the company’s stock, valued at $2,960,567.36. The trade was a 8.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.48% of the stock is owned by corporate insiders.

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

A number of institutional investors and hedge funds have recently modified their holdings of NFBK. Marshall Financial Group LLC purchased a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the 4th quarter valued at about $163,000. Assenagon Asset Management S.A. grew its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 134.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 146,596 shares of the bank’s stock valued at $1,703,000 after acquiring an additional 83,960 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in 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. Sanctuary Advisors LLC acquired a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the 3rd quarter valued at about $547,000. Finally, Barclays PLC boosted its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 526.2% in the 3rd quarter. Barclays PLC now owns 89,471 shares of the bank’s stock valued at $1,038,000 after purchasing an additional 75,182 shares during the last quarter. Hedge funds and other institutional investors own 65.51% of the company’s stock.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Up 4.0 %

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 market capitalization of $509.65 million, a price-to-earnings ratio of 18.56 and a beta of 0.80. The firm’s fifty day simple moving average is $12.36 and its two-hundred day simple moving average is $11.97.

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.