Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Short Interest Up 21.6% in March

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 452,700 shares, a growth of 21.6% from the March 15th total of 372,300 shares. Based on an average daily trading volume, of 181,000 shares, the short-interest ratio is currently 2.5 days. Currently, 1.2% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods cut their price target on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $14.25 to $13.00 and set a “market perform” rating on the stock in a research note on Monday, January 27th.

Insider Activity

In other Northfield Bancorp, Inc. (Staten Island, NY) news, Director Gil Chapman sold 11,000 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $11.89, for a total value of $130,790.00. Following the completion of the sale, the director now directly owns 48,005 shares in the company, valued at $570,779.45. This represents a 18.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.48% of the stock is owned by company insiders.

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

A number of institutional investors have recently added to or reduced their stakes in NFBK. State Street Corp grew its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 36.5% in the 3rd quarter. State Street Corp now owns 1,442,937 shares of the bank’s stock valued at $16,738,000 after acquiring an additional 385,711 shares during the period. American Century Companies Inc. raised its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 2.9% in the fourth quarter. American Century Companies Inc. now owns 670,618 shares of the bank’s stock valued at $7,793,000 after buying an additional 18,829 shares during the period. Northern Trust Corp lifted its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 5.1% in the fourth quarter. Northern Trust Corp now owns 405,224 shares of the bank’s stock valued at $4,709,000 after buying an additional 19,659 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 28.1% during the 4th quarter. JPMorgan Chase & Co. now owns 358,962 shares of the bank’s stock worth $4,171,000 after acquiring an additional 78,843 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 2.4% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 205,986 shares of the bank’s stock worth $2,394,000 after acquiring an additional 4,919 shares during the last quarter. 65.51% of the stock is currently owned by institutional investors and hedge funds.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Down 0.9 %

NASDAQ NFBK traded down $0.09 during trading on Monday, hitting $9.57. The stock had a trading volume of 155,195 shares, compared to its average volume of 256,412. Northfield Bancorp, Inc. has a 12 month low of $6.98 and a 12 month high of $14.39. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.00 and a current ratio of 1.00. The company’s 50-day moving average price is $10.97 and its two-hundred day moving average price is $11.78. The company has a market capitalization of $408.41 million, a PE ratio of 13.29 and a beta of 0.68.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last released its earnings results on Wednesday, January 22nd. The bank reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 11.76% and a return on equity of 4.12%. As a group, sell-side analysts forecast that Northfield Bancorp, Inc. will post 0.82 EPS for the current year.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 5th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 5.43%. The ex-dividend date of this dividend was Wednesday, February 5th. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio (DPR) is 72.22%.

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.