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

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) had its price target trimmed by Keefe, Bruyette & Woods from $14.25 to $13.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a market perform rating on the bank’s stock.

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

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

NASDAQ:NFBK opened at $11.55 on Monday. The firm has a market capitalization of $495.54 million, a P/E ratio of 16.04 and a beta of 0.80. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.09 and a quick ratio of 1.09. Northfield Bancorp, Inc. has a one year low of $6.98 and a one year high of $14.39. The company’s 50-day simple moving average is $12.21 and its 200 day simple moving average is $12.04.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.21 earnings per share for the quarter, beating the consensus estimate 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%. As a group, analysts forecast that Northfield Bancorp, Inc. will post 0.95 EPS for the current fiscal year.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, February 5th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 4.50%. The ex-dividend date of this dividend is Wednesday, February 5th. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio (DPR) is presently 72.22%.

Insiders Place Their Bets

In related news, Director Annette Catino sold 22,000 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $13.12, for a total transaction of $288,640.00. Following the completion of the transaction, the director now owns 225,653 shares in the company, valued at approximately $2,960,567.36. This represents a 8.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.48% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Signaturefd LLC lifted its position in shares of 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 worth $25,000 after buying an additional 1,488 shares in the last quarter. Quarry LP bought a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the 3rd quarter valued at approximately $28,000. Point72 Asset Management L.P. purchased a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the second quarter valued at $30,000. Point72 DIFC Ltd bought a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the second quarter worth $47,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the third quarter valued at $138,000. 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.