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

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) hit a new 52-week high on Tuesday . The stock traded as high as $14.28 and last traded at $14.24, with a volume of 6183 shares changing hands. The stock had previously closed at $14.10.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods increased their price objective on shares of 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) Trading Down 0.9 %

The company’s fifty day simple moving average is $11.84 and its two-hundred day simple moving average is $10.68. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $603.36 million, a price-to-earnings ratio of 22.03 and a beta of 0.74.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last issued its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.16 earnings per share (EPS) for the quarter, hitting 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 company had revenue of $62.90 million during the quarter, compared to the consensus estimate of $32.30 million. Research analysts forecast that Northfield Bancorp, Inc. will post 0.67 earnings per share for the current fiscal 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 given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.72%. The ex-dividend date is Wednesday, November 6th. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is 81.25%.

Institutional Investors Weigh In On Northfield Bancorp, Inc. (Staten Island, NY)

Several large investors have recently made changes to their positions in NFBK. Vanguard Group Inc. grew its position 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 valued at $27,330,000 after purchasing an additional 17,267 shares in the last quarter. Renaissance Technologies LLC grew its position in Northfield Bancorp, Inc. (Staten Island, NY) by 3.0% in the second quarter. Renaissance Technologies LLC now owns 1,437,149 shares of the bank’s stock valued at $13,624,000 after purchasing an additional 41,500 shares in the last quarter. Millennium Management LLC grew its position in Northfield Bancorp, Inc. (Staten Island, NY) by 877.7% in the second quarter. Millennium Management LLC now owns 1,074,151 shares of the bank’s stock valued at $10,183,000 after purchasing an additional 964,286 shares in the last quarter. AQR Capital Management LLC grew its position 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 purchasing an additional 379,695 shares in the last quarter. Finally, American Century Companies Inc. grew its position 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 valued at $5,713,000 after purchasing an additional 62,473 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.