StockNews.com Initiates Coverage on Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

StockNews.com started coverage on shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK – Get Rating) in a report issued on Thursday morning. The brokerage issued a hold rating on the bank’s stock.

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

Shares of NFBK opened at $12.53 on Thursday. The company has a 50 day moving average price of $14.67 and a 200-day moving average price of $15.06. Northfield Bancorp, Inc. has a fifty-two week low of $11.87 and a fifty-two week high of $16.13. The stock has a market capitalization of $587.03 million, a PE ratio of 9.49 and a beta of 0.64. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.01 and a current ratio of 1.01.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK – Get Rating) last announced its quarterly earnings results on Wednesday, January 25th. The bank reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.05). Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 8.65% and a net margin of 32.57%. The business had revenue of $42.56 million during the quarter, compared to analysts’ expectations of $43.79 million. Equities analysts predict that Northfield Bancorp, Inc. will post 1.14 earnings per share for the current fiscal year.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 22nd. Stockholders of record on Wednesday, February 8th were given a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, February 7th. This represents a $0.52 annualized dividend and a dividend yield of 4.15%. Northfield Bancorp, Inc. (Staten Island, NY)’s payout ratio is presently 39.39%.

Insider Transactions at Northfield Bancorp, Inc. (Staten Island, NY)

In other news, Director Frank P. Patafio sold 3,400 shares of the company’s stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $14.60, for a total value of $49,640.00. Following the completion of the sale, the director now owns 201,524 shares of the company’s stock, valued at approximately $2,942,250.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Steven M. Klein sold 2,158 shares of the business’s stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $14.55, for a total transaction of $31,398.90. Following the completion of the transaction, the chief executive officer now owns 436,918 shares in the company, valued at approximately $6,357,156.90. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Frank P. Patafio sold 3,400 shares of the business’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $14.60, for a total transaction of $49,640.00. Following the transaction, the director now owns 201,524 shares of the company’s stock, valued at approximately $2,942,250.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,298 shares of company stock valued at $164,412. Company insiders own 6.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Jane Street Group LLC bought a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the 4th quarter worth approximately $399,000. State of Wisconsin Investment Board increased its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 7.9% during the 4th quarter. State of Wisconsin Investment Board now owns 45,432 shares of the bank’s stock valued at $715,000 after purchasing an additional 3,329 shares in the last quarter. Legal & General Group Plc increased its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 1.4% during the 4th quarter. Legal & General Group Plc now owns 105,565 shares of the bank’s stock valued at $1,661,000 after purchasing an additional 1,495 shares in the last quarter. Morgan Stanley increased its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 2.6% during the 4th quarter. Morgan Stanley now owns 333,971 shares of the bank’s stock valued at $5,253,000 after purchasing an additional 8,402 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 31.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,860 shares of the bank’s stock valued at $438,000 after purchasing an additional 6,646 shares in the last quarter. Institutional investors own 57.47% of the company’s stock.

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

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Northfield Bancorp, Inc is a holding company which engages in the provision of banking and financial services. Through its subsidiary, Northfield Bank, its business consists of originating multifamily and other commercial real estate loans, purchasing investment securities, including mortgage-backed securities and corporate bonds, and, to a lesser extent, depositing funds in other financial institutions.