Piper Sandler Cuts Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Price Target to $11.00

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) had its price objective lowered by Piper Sandler from $13.00 to $11.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The brokerage currently has a neutral rating on the bank’s stock.

Other analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods cut their price objective on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $12.00 to $11.00 and set a market perform rating for the company in a report on Friday, April 5th. TheStreet cut shares of Northfield Bancorp, Inc. (Staten Island, NY) from a b- rating to a c+ rating in a research note on Friday, March 1st.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Up 1.6 %

NFBK opened at $9.01 on Wednesday. Northfield Bancorp, Inc. has a twelve month low of $7.99 and a twelve month high of $13.48. The company has a quick ratio of 1.12, a current ratio of 1.10 and a debt-to-equity ratio of 1.58. The company has a 50-day moving average price of $9.26 and a 200 day moving average price of $10.32. The company has a market cap of $400.58 million, a PE ratio of 12.01 and a beta of 0.71.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last released its quarterly earnings data on Wednesday, April 24th. The bank reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The business had revenue of $62.03 million during the quarter, compared to analyst estimates of $30.93 million. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 14.02% and a return on equity of 4.65%. Sell-side analysts expect that Northfield Bancorp, Inc. will post 0.67 earnings per share for the current fiscal year.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be given a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.52 annualized dividend and a yield of 5.77%. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is presently 69.33%.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NFBK. Quantbot Technologies LP acquired a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the 3rd quarter valued at $48,000. PNC Financial Services Group Inc. raised its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 41.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,572 shares of the bank’s stock worth $53,000 after acquiring an additional 1,622 shares in the last quarter. Caxton Associates LP acquired a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the 3rd quarter worth $106,000. Nisa Investment Advisors LLC raised its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 21,750.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 8,740 shares of the bank’s stock worth $110,000 after acquiring an additional 8,700 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the 4th quarter worth $132,000. Hedge funds and other 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.