Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Given New $14.25 Price Target at Keefe, Bruyette & Woods

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) had its price objective hoisted by Keefe, Bruyette & Woods from $12.50 to $14.25 in a report issued on Wednesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the bank’s stock.

Separately, StockNews.com downgraded Northfield Bancorp, Inc. (Staten Island, NY) from a “hold” rating to a “sell” rating in a research report on Friday, November 22nd.

Northfield Bancorp, Inc. (Staten Island, NY) Trading Up 1.8 %

Shares of NFBK stock opened at $13.26 on Wednesday. The stock has a market capitalization of $568.91 million, a price-to-earnings ratio of 20.72 and a beta of 0.78. Northfield Bancorp, Inc. has a 12-month low of $6.98 and a 12-month high of $14.39. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.50. The stock’s 50-day moving average price is $12.42 and its 200-day moving average price is $11.18.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last announced its 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 return on equity of 4.05% and a net margin of 10.94%. The business had revenue of $62.90 million during the quarter, compared to analyst estimates of $32.30 million. Equities research analysts predict that Northfield Bancorp, Inc. will post 0.66 EPS for the current fiscal year.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.92%. The ex-dividend date was Wednesday, November 6th. Northfield Bancorp, Inc. (Staten Island, NY)’s payout ratio is 81.25%.

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

Hedge funds have recently modified their holdings of the company. Millennium Management LLC raised its position in shares of 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 worth $10,183,000 after purchasing an additional 964,286 shares during the last quarter. State Street Corp boosted its position in shares of 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 worth $16,738,000 after purchasing an additional 385,711 shares during the period. AQR Capital Management LLC boosted its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 69.7% during the 2nd quarter. AQR Capital Management LLC now owns 924,716 shares of the bank’s stock worth $8,766,000 after purchasing an additional 379,695 shares during the period. Marshall Wace LLP purchased a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the 2nd quarter valued at approximately $2,180,000. Finally, GSA Capital Partners LLP boosted its position in Northfield Bancorp, Inc. (Staten Island, NY) by 367.8% in the 3rd quarter. GSA Capital Partners LLP now owns 197,895 shares of the bank’s stock valued at $2,296,000 after buying an additional 155,592 shares during the period. 65.51% of the stock is owned by hedge funds and other 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.