Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) announced its quarterly earnings results on Wednesday. The bank reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03, Zacks reports. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 10.94% and a return on equity of 4.05%.

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

NASDAQ NFBK opened at $11.42 on Thursday. The firm has a market cap of $489.92 million, a price-to-earnings ratio of 17.84 and a beta of 0.80. The company has a 50 day moving average of $12.36 and a 200-day moving average of $11.97. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.50. Northfield Bancorp, Inc. has a 1-year low of $6.98 and a 1-year high of $14.39.

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

In related news, Director Annette Catino sold 22,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $13.12, for a total value of $288,640.00. Following the completion of the sale, the director now owns 225,653 shares of the company’s stock, valued at $2,960,567.36. This trade represents a 8.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 6.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. StockNews.com upgraded shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Keefe, Bruyette & Woods raised their price target on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $14.25 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

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.