Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Cut to Sell at StockNews.com

StockNews.com downgraded shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) from a hold rating to a sell rating in a research note released on Friday.

Separately, Keefe, Bruyette & Woods increased their price target on Northfield Bancorp, Inc. (Staten Island, NY) from $9.50 to $11.25 and gave the company a “market perform” rating in a research note on Tuesday, July 30th.

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

Shares of NFBK stock opened at $13.78 on Friday. 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 stock has a 50-day moving average of $12.17 and a 200-day moving average of $10.96. Northfield Bancorp, Inc. has a one year low of $6.98 and a one year high of $14.28. The stock has a market cap of $591.16 million, a PE ratio of 21.53 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 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 during the quarter, compared to the consensus estimate of $32.30 million. As a group, sell-side 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date was Wednesday, November 6th. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is presently 81.25%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. CWA Asset Management Group LLC bought a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the third quarter valued at about $1,084,000. American Century Companies Inc. grew its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 11.6% during the second quarter. American Century Companies Inc. now owns 602,688 shares of the bank’s stock worth $5,713,000 after purchasing an additional 62,473 shares during the last quarter. GSA Capital Partners LLP grew its holdings in shares of 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 purchasing an additional 155,592 shares during the last quarter. Inspire Investing LLC bought a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the third quarter valued at approximately $890,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the third quarter valued at approximately $138,000. Institutional investors own 65.51% of the company’s stock.

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.