Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Hits New 1-Year High – Here’s Why

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $14.28 and last traded at $14.24, with a volume of 6183 shares traded. The stock had previously closed at $14.10.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised 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 report on Tuesday, July 30th.

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

The company has a debt-to-equity ratio of 1.50, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $603.36 million, a P/E ratio of 22.03 and a beta of 0.74. The stock’s 50 day moving average is $11.84 and its two-hundred day moving average is $10.68.

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, hitting the consensus estimate of $0.16. The firm had revenue of $62.90 million for the quarter, compared to analysts’ expectations of $32.30 million. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 10.94% and a return on equity of 4.05%. As a group, equities analysts predict that Northfield Bancorp, Inc. will post 0.67 EPS for the current year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be paid a dividend of $0.13 per share. The ex-dividend date is Wednesday, November 6th. This represents a $0.52 annualized dividend and a yield of 3.72%. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is 81.25%.

Institutional Trading of Northfield Bancorp, Inc. (Staten Island, NY)

Large investors have recently added to or reduced their stakes in the company. 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 in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the second quarter worth approximately $30,000. nVerses Capital LLC lifted its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 105.9% during the second quarter. nVerses Capital LLC now owns 3,500 shares of the bank’s stock worth $33,000 after purchasing an additional 1,800 shares in the last quarter. Point72 DIFC Ltd acquired a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the second quarter worth approximately $47,000. Finally, EntryPoint Capital LLC acquired a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the first quarter worth approximately $53,000. 65.51% of the stock is owned by institutional investors.

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.