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 released on Tuesday.

Separately, Keefe, Bruyette & Woods raised their target price on 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) Price Performance

Shares of NASDAQ NFBK traded down $0.11 during mid-day trading on Tuesday, reaching $13.35. The company had a trading volume of 21,622 shares, compared to its average volume of 274,956. The company has a 50-day moving average price of $11.92 and a two-hundred day moving average price of $10.73. The stock has a market cap of $572.72 million, a PE ratio of 21.03 and a beta of 0.74. 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 $14.28.

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

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

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 paid a $0.13 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $0.52 annualized dividend and a yield of 3.90%. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is presently 81.25%.

Institutional Investors Weigh In On Northfield Bancorp, Inc. (Staten Island, NY)

A number of institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 76.0% during the first quarter. BNP Paribas Financial Markets now owns 19,794 shares of the bank’s stock worth $192,000 after acquiring an additional 8,550 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 8.2% in the 1st quarter. Empowered Funds LLC now owns 138,901 shares of the bank’s stock valued at $1,350,000 after purchasing an additional 10,500 shares during the last quarter. Illinois Municipal Retirement Fund boosted its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 5.0% in the first quarter. Illinois Municipal Retirement Fund now owns 23,503 shares of the bank’s stock worth $228,000 after purchasing an additional 1,123 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 169.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 31,863 shares of the bank’s stock worth $310,000 after acquiring an additional 20,020 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 2,811,707 shares of the bank’s stock valued at $27,330,000 after acquiring an additional 17,267 shares during the last quarter. Institutional investors and hedge funds 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.