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

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

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods upped their price target 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) Trading Down 4.0 %

The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $514.39 million, a P/E ratio of 16.11 and a beta of 0.75. The company has a 50-day moving average price of $11.73 and a 200 day moving average price of $10.32.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last announced its earnings results on Wednesday, July 24th. The bank reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 12.00% and a return on equity of 4.31%. The business had revenue of $31.55 million during the quarter, compared to the consensus estimate of $30.96 million. On average, research analysts forecast that Northfield Bancorp, Inc. will post 0.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. American Century Companies Inc. grew its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 11.6% in the second quarter. American Century Companies Inc. now owns 602,688 shares of the bank’s stock worth $5,713,000 after purchasing an additional 62,473 shares during the last quarter. Inspire Investing LLC purchased a new position in Northfield Bancorp, Inc. (Staten Island, NY) during the 3rd quarter worth $890,000. Cubist Systematic Strategies LLC increased its position in Northfield Bancorp, Inc. (Staten Island, NY) by 753.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 134,317 shares of the bank’s stock valued at $1,273,000 after buying an additional 118,581 shares in the last quarter. AQR Capital Management LLC raised its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 69.7% in the second quarter. AQR Capital Management LLC now owns 924,716 shares of the bank’s stock valued at $8,766,000 after buying an additional 379,695 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 0.6% in the first quarter. Vanguard Group Inc. now owns 2,811,707 shares of the bank’s stock worth $27,330,000 after acquiring an additional 17,267 shares in 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.