Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Hits New 1-Year High – Here’s Why

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $13.60 and last traded at $13.47, with a volume of 127906 shares. The stock had previously closed at $11.76.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods raised their target price on Northfield Bancorp, Inc. (Staten Island, NY) from $9.50 to $11.25 and gave the company a “market perform” rating in a report on Tuesday, July 30th.

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

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 company’s fifty day moving average price is $11.72 and its 200 day moving average price is $10.54. The company has a market cap of $594.73 million, a PE ratio of 21.52 and a beta of 0.74.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last posted its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 10.94% and a return on equity of 4.05%. The firm had revenue of $62.90 million during the quarter, compared to analyst estimates of $32.30 million. On average, equities research analysts predict that Northfield Bancorp, Inc. will post 0.67 earnings per share for the current year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be given a $0.13 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $0.52 annualized dividend and a yield of 3.78%. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is currently 81.25%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Signaturefd LLC lifted its stake 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 purchasing an additional 1,488 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the 2nd quarter valued at $30,000. nVerses Capital LLC grew its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 105.9% during the 2nd 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. Point72 DIFC Ltd purchased a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the 2nd quarter worth about $47,000. Finally, EntryPoint Capital LLC bought a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the 1st quarter valued at about $53,000. 65.51% of the stock is owned by institutional investors.

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.