Keefe, Bruyette & Woods Lowers Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Price Target to $13.00

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) had its target price cut by Keefe, Bruyette & Woods from $14.25 to $13.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a market perform rating on the bank’s stock.

Separately, StockNews.com upgraded Northfield Bancorp, Inc. (Staten Island, NY) from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th.

Northfield Bancorp, Inc. (Staten Island, NY) Trading Down 1.1 %

Shares of NFBK opened at $11.55 on Monday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $495.54 million, a price-to-earnings ratio of 16.04 and a beta of 0.80. The company has a 50-day moving average of $12.21 and a 200 day moving average of $12.04. Northfield Bancorp, Inc. has a 1-year low of $6.98 and a 1-year high of $14.39.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last announced its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.13% and a net margin of 11.76%. On average, research analysts expect that Northfield Bancorp, Inc. will post 0.95 EPS 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, February 19th. Stockholders of record on Wednesday, February 5th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.50%. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is presently 72.22%.

Insider Buying and Selling

In other Northfield Bancorp, Inc. (Staten Island, NY) news, Director Annette Catino sold 22,000 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $13.12, for a total value of $288,640.00. Following the completion of the transaction, the director now directly owns 225,653 shares in the company, valued at approximately $2,960,567.36. The trade was a 8.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.48% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Millennium Management LLC boosted its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 877.7% in 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 in the last quarter. State Street Corp boosted its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 36.5% in the third quarter. State Street Corp now owns 1,442,937 shares of the bank’s stock worth $16,738,000 after acquiring an additional 385,711 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 69.7% during the second quarter. AQR Capital Management LLC now owns 924,716 shares of the bank’s stock worth $8,766,000 after acquiring an additional 379,695 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the second quarter valued at about $2,180,000. Finally, JPMorgan Chase & Co. raised its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 221.4% in the 3rd 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 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.