Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Stock Price Crosses Above Two Hundred Day Moving Average of $9.83

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.83 and traded as high as $12.17. Northfield Bancorp, Inc. (Staten Island, NY) shares last traded at $12.08, with a volume of 106,548 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods increased their price objective on Northfield Bancorp, Inc. (Staten Island, NY) from $9.50 to $11.25 and gave the company a “market perform” rating in a research report on Tuesday, July 30th.

Northfield Bancorp, Inc. (Staten Island, NY) Trading Up 0.3 %

The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.66. The stock has a market cap of $537.45 million, a price-to-earnings ratio of 16.16 and a beta of 0.75. The company has a fifty day simple moving average of $11.08 and a 200-day simple moving average of $9.84.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last released its quarterly earnings results on Wednesday, July 24th. The bank reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. The business had revenue of $31.55 million for the quarter, compared to analyst estimates of $30.96 million. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 12.00% and a return on equity of 4.31%. On average, research analysts forecast that Northfield Bancorp, Inc. will post 0.64 earnings per share for the current fiscal year.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th were issued a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.29%. Northfield Bancorp, Inc. (Staten Island, NY)’s payout ratio is currently 69.33%.

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

In other Northfield Bancorp, Inc. (Staten Island, NY) news, Director Patrick Louis Ryan acquired 10,000 shares of Northfield Bancorp, Inc. (Staten Island, NY) stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average cost of $7.53 per share, with a total value of $75,300.00. Following the purchase, the director now owns 30,000 shares in the company, valued at $225,900. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Annette Catino purchased 15,000 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was bought at an average cost of $8.10 per share, with a total value of $121,500.00. Following the purchase, the director now directly owns 21,000 shares of the company’s stock, valued at $170,100. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Patrick Louis Ryan purchased 10,000 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average cost of $7.53 per share, with a total value of $75,300.00. Following the purchase, the director now owns 30,000 shares in the company, valued at approximately $225,900. The disclosure for this purchase can be found here. Insiders acquired a total of 38,061 shares of company stock valued at $295,761 over the last quarter. Company insiders own 6.48% of the company’s stock.

Hedge Funds Weigh In On Northfield Bancorp, Inc. (Staten Island, NY)

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. bought a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the 4th quarter valued at $132,000. Quest Partners LLC acquired a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the fourth quarter worth about $227,000. rhino investment partners Inc bought a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the 4th quarter worth about $3,519,000. BHZ Capital Management LP boosted its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 23.8% during the 4th quarter. BHZ Capital Management LP now owns 234,429 shares of the bank’s stock worth $2,949,000 after acquiring an additional 45,093 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 36.5% during the 1st quarter. Assenagon Asset Management S.A. now owns 181,823 shares of the bank’s stock worth $1,767,000 after acquiring an additional 48,643 shares in the last quarter. Institutional investors own 65.51% of the company’s stock.

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.