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 objective trimmed by Keefe, Bruyette & Woods from $14.25 to $13.00 in a report published on Monday morning,Benzinga reports. The firm currently has a market perform rating on the bank’s stock.

Separately, StockNews.com raised shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th.

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

NFBK opened at $11.87 on Monday. The firm has a market cap of $509.22 million, a P/E ratio of 16.49 and a beta of 0.80. Northfield Bancorp, Inc. has a 1-year low of $6.98 and a 1-year high of $14.39. The company has a 50 day simple moving average of $12.26 and a two-hundred day simple moving average of $12.03. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.09 and a quick ratio of 1.09.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last issued 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%. Equities analysts forecast that Northfield Bancorp, Inc. will post 0.95 earnings per share for the current fiscal year.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 5th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 4.38%. The ex-dividend date is Wednesday, February 5th. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is currently 72.22%.

Insider Buying and Selling

In related news, Director Annette Catino sold 22,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $13.12, for a total value of $288,640.00. Following the transaction, the director now owns 225,653 shares of the company’s stock, valued at $2,960,567.36. This trade represents a 8.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 6.48% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NFBK. Sei Investments Co. grew its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 19.6% during the 2nd quarter. Sei Investments Co. now owns 39,066 shares of the bank’s stock worth $370,000 after acquiring an additional 6,393 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 101.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 72,843 shares of the bank’s stock worth $691,000 after acquiring an additional 36,741 shares in the last quarter. Marshall Wace LLP bought a new position in Northfield Bancorp, Inc. (Staten Island, NY) during the 2nd quarter worth about $2,180,000. Cubist Systematic Strategies LLC grew its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 753.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 134,317 shares of the bank’s stock worth $1,273,000 after acquiring an additional 118,581 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings 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 buying an additional 379,695 shares in the last quarter. Hedge funds and other institutional investors own 65.51% of the company’s stock.

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.