Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Shares Down 4.7% – Here’s What Happened

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) shares traded down 4.7% during trading on Thursday . The stock traded as low as $11.49 and last traded at $11.51. 15,995 shares were traded during mid-day trading, a decline of 94% from the average session volume of 281,489 shares. The stock had previously closed at $12.08.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods upped 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) Stock Performance

The stock has a market capitalization of $514.39 million, a PE ratio of 16.11 and a beta of 0.75. The business’s 50 day moving average is $11.73 and its 200 day moving average is $10.32. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.66.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last announced its earnings results on Wednesday, July 24th. The bank reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.31% and a net margin of 12.00%. The business had revenue of $31.55 million during the quarter, compared to analyst estimates of $30.96 million. On average, equities research analysts predict that Northfield Bancorp, Inc. will post 0.67 earnings per share for the current fiscal year.

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

A number of large investors have recently bought and sold shares of the business. Signaturefd LLC lifted its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 227.2% during the third quarter. Signaturefd LLC now owns 2,143 shares of the bank’s stock worth $25,000 after purchasing an additional 1,488 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the 2nd quarter valued at about $30,000. nVerses Capital LLC boosted its position in Northfield Bancorp, Inc. (Staten Island, NY) by 105.9% in the 2nd quarter. nVerses Capital LLC now owns 3,500 shares of the bank’s stock valued at $33,000 after buying an additional 1,800 shares during the period. Point72 DIFC Ltd bought a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the 2nd quarter worth about $47,000. Finally, EntryPoint Capital LLC purchased a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the first quarter worth approximately $53,000. 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.