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

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

Analyst Ratings Changes

NFBK has been the topic of several research reports. Keefe, Bruyette & Woods lifted their price target on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $9.50 to $11.25 and gave the company a “market perform” rating in a report on Tuesday, July 30th. StockNews.com raised shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “sell” rating to a “hold” rating in a research note on Tuesday.

Northfield Bancorp, Inc. (Staten Island, NY) Trading Down 1.2 %

The business’s fifty day moving average is $11.92 and its 200-day moving average is $10.73. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $586.09 million, a P/E ratio of 21.20 and a beta of 0.74.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last released its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 10.94% and a return on equity of 4.05%. The firm had revenue of $62.90 million during the quarter, compared to the consensus estimate of $32.30 million. Analysts predict that Northfield Bancorp, Inc. will post 0.66 EPS for the current year.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.52 annualized dividend and a dividend yield of 3.83%. Northfield Bancorp, Inc. (Staten Island, NY)’s payout ratio is 81.25%.

Hedge Funds Weigh In On Northfield Bancorp, Inc. (Staten Island, NY)

A number of hedge funds have recently made changes to their positions in NFBK. Millennium Management LLC increased its position in Northfield Bancorp, Inc. (Staten Island, NY) by 877.7% during the 2nd quarter. Millennium Management LLC now owns 1,074,151 shares of the bank’s stock valued at $10,183,000 after purchasing an additional 964,286 shares during the period. AQR Capital Management LLC boosted its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 69.7% in the 2nd 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 last quarter. Marshall Wace LLP acquired a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the second quarter worth $2,180,000. GSA Capital Partners LLP raised its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 367.8% during the third quarter. GSA Capital Partners LLP now owns 197,895 shares of the bank’s stock worth $2,296,000 after buying an additional 155,592 shares during the last quarter. Finally, FMR LLC lifted its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 226.1% in the third quarter. FMR LLC now owns 190,416 shares of the bank’s stock valued at $2,209,000 after buying an additional 132,016 shares during the period. 65.51% of the stock is currently 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.