Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Sees Significant Decrease in Short Interest

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) saw a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 429,400 shares, a decline of 17.7% from the October 15th total of 521,800 shares. Based on an average daily trading volume, of 168,300 shares, the days-to-cover ratio is currently 2.6 days. Currently, 1.1% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

NFBK has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods increased their target price 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. StockNews.com upgraded shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 0.6% in the first 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 period. State Street Corp boosted its position in Northfield Bancorp, Inc. (Staten Island, NY) by 36.5% during the 3rd quarter. State Street Corp now owns 1,442,937 shares of the bank’s stock valued at $16,738,000 after purchasing an additional 385,711 shares during the period. Renaissance Technologies LLC grew its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 3.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,437,149 shares of the bank’s stock worth $13,624,000 after buying an additional 41,500 shares during the last quarter. Millennium Management LLC increased its position in Northfield Bancorp, Inc. (Staten Island, NY) by 877.7% in the second quarter. Millennium Management LLC now owns 1,074,151 shares of the bank’s stock worth $10,183,000 after buying an additional 964,286 shares during the period. Finally, AQR Capital Management LLC lifted its stake 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 buying an additional 379,695 shares during the last quarter. Institutional investors and hedge funds own 65.51% of the company’s stock.

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

Shares of NFBK stock remained flat at $13.46 on Friday. 128,578 shares of the stock traded hands, compared to its average volume of 182,828. Northfield Bancorp, Inc. has a fifty-two week low of $6.98 and a fifty-two week high of $14.28. The stock has a market capitalization of $577.43 million, a price-to-earnings ratio of 21.03 and a beta of 0.74. 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 business has a 50-day simple moving average of $11.99 and a 200 day simple moving average of $10.81.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last posted its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $62.90 million for the quarter, compared to the consensus estimate 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 analysts expect that Northfield Bancorp, Inc. will post 0.66 earnings per share 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. Investors of record on Wednesday, November 6th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.86%. The ex-dividend date of this dividend is Wednesday, November 6th. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is currently 81.25%.

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.