Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Price Target Lowered to $12.00 at Keefe, Bruyette & Woods

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) had its price target cut by Keefe, Bruyette & Woods from $12.50 to $12.00 in a research note released on Tuesday,Benzinga reports. They currently have a market perform rating on the bank’s stock.

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

Shares of NASDAQ:NFBK opened at $10.68 on Tuesday. The firm has a fifty day simple moving average of $10.68 and a two-hundred day simple moving average of $11.70. Northfield Bancorp, Inc. has a 52 week low of $6.98 and a 52 week high of $14.39. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $455.78 million, a P/E ratio of 14.83 and a beta of 0.68.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last announced its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 11.76% and a return on equity of 4.12%. The firm had revenue of $34.81 million during the quarter, compared to the consensus estimate of $29.82 million. On average, analysts expect that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current fiscal year.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $0.52 annualized dividend and a yield of 4.87%. Northfield Bancorp, Inc. (Staten Island, NY)’s payout ratio is presently 68.42%.

Insiders Place Their Bets

In related news, Director Gil Chapman sold 11,000 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $11.89, for a total value of $130,790.00. Following the sale, the director now directly owns 48,005 shares of the company’s stock, valued at $570,779.45. This represents a 18.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frank P. Patafio sold 5,000 shares of the firm’s stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $10.13, for a total transaction of $50,650.00. Following the completion of the sale, the director now directly owns 147,938 shares of the company’s stock, valued at approximately $1,498,611.94. The trade was a 3.27 % decrease in their position. The disclosure for this sale can be found here. 6.48% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Barclays PLC grew its position in Northfield Bancorp, Inc. (Staten Island, NY) by 526.2% in the 3rd quarter. Barclays PLC now owns 89,471 shares of the bank’s stock valued at $1,038,000 after acquiring an additional 75,182 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 221.4% during the third quarter. JPMorgan Chase & Co. now owns 280,119 shares of the bank’s stock valued at $3,249,000 after purchasing an additional 192,963 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 134.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 146,596 shares of the bank’s stock worth $1,703,000 after purchasing an additional 83,960 shares during the last quarter. Marshall Financial Group LLC purchased a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the 4th quarter worth about $163,000. Finally, Empowered Funds LLC lifted its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 5.0% during the 4th quarter. Empowered Funds LLC now owns 129,082 shares of the bank’s stock valued at $1,500,000 after buying an additional 6,135 shares in the last quarter. Institutional investors own 65.51% of the company’s stock.

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.