Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Short Interest Down 17.7% in October

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) was the recipient of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 429,400 shares, a drop of 17.7% from the October 15th total of 521,800 shares. Approximately 1.1% of the company’s shares are short sold. Based on an average daily volume of 168,300 shares, the short-interest ratio is currently 2.6 days.

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

Shares of NASDAQ:NFBK remained flat at $13.46 during trading on Friday. 128,578 shares of the stock were exchanged, compared to its average volume of 275,438. Northfield Bancorp, Inc. has a 1 year low of $6.98 and a 1 year high of $14.28. The company has a market capitalization of $577.43 million, a PE ratio of 21.03 and a beta of 0.74. The firm’s 50-day moving average price is $11.92 and its 200-day moving average price is $10.73. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.09 and a current ratio of 1.09.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last posted its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.16 earnings per share for the quarter, hitting 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 firm had revenue of $62.90 million during the quarter, compared to analysts’ expectations of $32.30 million. 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) Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.86%. 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 added to or reduced their stakes in the stock. Signaturefd LLC lifted its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 227.2% in the third quarter. Signaturefd LLC now owns 2,143 shares of the bank’s stock valued at $25,000 after acquiring an additional 1,488 shares during the period. Quarry LP bought a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the third quarter valued at approximately $28,000. Point72 Asset Management L.P. purchased a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the second quarter valued at approximately $30,000. nVerses Capital LLC raised its position in Northfield Bancorp, Inc. (Staten Island, NY) by 105.9% in the second quarter. nVerses Capital LLC now owns 3,500 shares of the bank’s stock worth $33,000 after acquiring an additional 1,800 shares during the period. Finally, Point72 DIFC Ltd purchased a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the 2nd quarter worth $47,000. Institutional investors own 65.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. StockNews.com upgraded shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “sell” rating to a “hold” rating in a research report on Tuesday. Keefe, Bruyette & Woods boosted their price target on Northfield Bancorp, Inc. (Staten Island, NY) from $9.50 to $11.25 and gave the stock a “market perform” rating in a research report on Tuesday, July 30th.

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.