Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Upgraded at StockNews.com

StockNews.com upgraded shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning.

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

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

Shares of NASDAQ NFBK opened at $13.46 on Tuesday. The business has a 50-day moving average price of $11.99 and a 200 day moving average price of $10.79. The stock has a market cap of $577.43 million, a PE ratio of 21.03 and a beta of 0.74. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.50. Northfield Bancorp, Inc. has a 52-week low of $6.98 and a 52-week high of $14.28.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last issued its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. The company had revenue of $62.90 million during the quarter, compared to analysts’ expectations of $32.30 million. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.05% and a net margin of 10.94%. Equities research analysts forecast that Northfield Bancorp, Inc. will post 0.66 earnings per share for the current year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.52 dividend on an annualized basis and a yield of 3.86%. Northfield Bancorp, Inc. (Staten Island, NY)’s payout ratio is 81.25%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 2,811,707 shares of the bank’s stock valued at $27,330,000 after buying an additional 17,267 shares during the period. State Street Corp boosted its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 36.5% in the third quarter. State Street Corp now owns 1,442,937 shares of the bank’s stock valued at $16,738,000 after acquiring an additional 385,711 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 3.0% during the second quarter. Renaissance Technologies LLC now owns 1,437,149 shares of the bank’s stock worth $13,624,000 after acquiring an additional 41,500 shares during the period. Millennium Management LLC raised its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 877.7% during the second quarter. Millennium Management LLC now owns 1,074,151 shares of the bank’s stock worth $10,183,000 after purchasing an additional 964,286 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in Northfield Bancorp, Inc. (Staten Island, NY) by 69.7% in the second quarter. AQR Capital Management LLC now owns 924,716 shares of the bank’s stock valued at $8,766,000 after purchasing an additional 379,695 shares during the period. Institutional investors and hedge funds 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.