Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Price Target Cut to $11.00

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) had its price objective decreased by Keefe, Bruyette & Woods from $12.00 to $11.00 in a research report report published on Friday, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the bank’s stock.

Separately, TheStreet downgraded shares of Northfield Bancorp, Inc. (Staten Island, NY) from a b- rating to a c+ rating in a research note on Friday, March 1st.

Northfield Bancorp, Inc. (Staten Island, NY) Trading Up 1.5 %

Shares of NFBK opened at $9.23 on Friday. The firm’s 50 day simple moving average is $10.16 and its 200 day simple moving average is $10.44. The company has a market capitalization of $410.46 million, a P/E ratio of 10.73 and a beta of 0.68. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.12 and a quick ratio of 1.12. Northfield Bancorp, Inc. has a 1-year low of $8.39 and a 1-year high of $13.48.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last announced its earnings results on Wednesday, January 24th. The bank reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The business had revenue of $58.09 million for the quarter, compared to the consensus estimate of $31.65 million. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 17.07% and a return on equity of 5.44%. Sell-side analysts forecast that Northfield Bancorp, Inc. will post 0.71 earnings per share for the current fiscal year.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Wednesday, February 7th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 5.63%. The ex-dividend date was Tuesday, February 6th. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio (DPR) is presently 60.47%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in NFBK. Captrust Financial Advisors raised its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 171.8% during the first quarter. Captrust Financial Advisors now owns 2,264 shares of the bank’s stock worth $33,000 after acquiring an additional 1,431 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 658.6% in the first quarter. Tower Research Capital LLC TRC now owns 3,520 shares of the bank’s stock worth $41,000 after purchasing an additional 3,056 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the third quarter worth approximately $48,000. PNC Financial Services Group Inc. grew its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 41.1% in the third quarter. PNC Financial Services Group Inc. now owns 5,572 shares of the bank’s stock worth $53,000 after purchasing an additional 1,622 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 43.4% in the second quarter. Royal Bank of Canada now owns 6,328 shares of the bank’s stock worth $70,000 after purchasing an additional 1,914 shares during the last quarter. 65.51% of the stock is owned by hedge funds and other institutional investors.

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.