Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Trading Down 4.7% – Here’s Why

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) shares were down 4.7% during mid-day trading on Thursday . The stock traded as low as $11.49 and last traded at $11.51. Approximately 15,995 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 281,489 shares. The stock had previously closed at $12.08.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised their price objective on shares of 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) Price Performance

The business has a 50-day moving average price of $11.73 and a two-hundred day moving average price of $10.35. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $496.69 million, a price-to-earnings ratio of 17.16 and a beta of 0.75.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last released its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. The firm had revenue of $62.90 million for the quarter, compared to analyst estimates of $32.30 million. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 12.00% and a return on equity of 4.31%. As a group, research analysts anticipate that Northfield Bancorp, Inc. will post 0.67 EPS for the current year.

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

The business also recently disclosed 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. This represents a $0.52 annualized dividend and a dividend yield of 4.52%. The ex-dividend date is Wednesday, November 6th. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio (DPR) is presently 77.61%.

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

Several large investors have recently bought and sold shares of NFBK. Signaturefd LLC lifted its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 227.2% during the third quarter. Signaturefd LLC now owns 2,143 shares of the bank’s stock valued at $25,000 after purchasing an additional 1,488 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the 2nd quarter worth approximately $30,000. nVerses Capital LLC boosted its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 105.9% in the 2nd quarter. nVerses Capital LLC now owns 3,500 shares of the bank’s stock worth $33,000 after buying an additional 1,800 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the second quarter valued at approximately $47,000. Finally, EntryPoint Capital LLC bought a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the first quarter worth $53,000. 65.51% of the stock is currently owned by institutional investors.

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.