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 report released on Thursday morning.

Separately, Keefe, Bruyette & Woods increased their target price on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $14.25 and gave the company a “market perform” rating in a research report on Wednesday.

Northfield Bancorp, Inc. (Staten Island, NY) Trading Down 0.4 %

Shares of NASDAQ:NFBK opened at $13.11 on Thursday. Northfield Bancorp, Inc. has a 52 week low of $6.98 and a 52 week high of $14.39. The company’s 50 day moving average is $12.49 and its two-hundred day moving average is $11.23. 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 company has a market cap of $562.42 million, a PE ratio of 20.48 and a beta of 0.78.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last posted its earnings results on Wednesday, October 23rd. The bank reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. The firm 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 net margin of 10.94% and a return on equity of 4.05%. Equities analysts predict that Northfield Bancorp, Inc. will post 0.66 earnings per share for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.97%. The ex-dividend date was Wednesday, November 6th. Northfield Bancorp, Inc. (Staten Island, NY)’s payout ratio is currently 81.25%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NFBK. Vanguard Group Inc. grew its position in 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 worth $27,330,000 after purchasing an additional 17,267 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Northfield Bancorp, Inc. (Staten Island, NY) by 3.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 38,748 shares of the bank’s stock worth $377,000 after purchasing an additional 1,165 shares during the last quarter. CWM LLC grew its position in Northfield Bancorp, Inc. (Staten Island, NY) by 518.4% during the 2nd quarter. CWM LLC now owns 14,211 shares of the bank’s stock worth $135,000 after purchasing an additional 11,913 shares during the last quarter. nVerses Capital LLC grew its position in Northfield Bancorp, Inc. (Staten Island, NY) by 105.9% during the 2nd quarter. nVerses Capital LLC now owns 3,500 shares of the bank’s stock worth $33,000 after purchasing an additional 1,800 shares during the last quarter. Finally, American Century Companies Inc. grew its position in Northfield Bancorp, Inc. (Staten Island, NY) by 11.6% during the 2nd 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. 65.51% of the stock is owned by hedge funds and other institutional investors.

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.