Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Price Target Lowered to $11.00 at Piper Sandler

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) had its target price cut by Piper Sandler from $13.00 to $11.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have a neutral rating on the bank’s stock.

NFBK has been the topic of several other research reports. TheStreet downgraded shares of Northfield Bancorp, Inc. (Staten Island, NY) from a b- rating to a c+ rating in a report on Friday, March 1st. Keefe, Bruyette & Woods cut their price target on Northfield Bancorp, Inc. (Staten Island, NY) from $12.00 to $11.00 and set a market perform rating for the company in a report on Friday, April 5th.

Northfield Bancorp, Inc. (Staten Island, NY) Trading Up 1.6 %

Northfield Bancorp, Inc. (Staten Island, NY) stock opened at $9.01 on Wednesday. The business’s 50-day simple moving average is $9.26 and its 200-day simple moving average is $10.33. Northfield Bancorp, Inc. has a 52 week low of $7.99 and a 52 week high of $13.48. The firm has a market capitalization of $400.58 million, a PE ratio of 12.01 and a beta of 0.71. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.12 and a current ratio of 1.10.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last issued its quarterly earnings results on Wednesday, April 24th. The bank reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.65% and a net margin of 14.02%. The business had revenue of $62.03 million for the quarter, compared to analyst estimates of $30.93 million. Equities research analysts forecast 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, May 22nd. Stockholders of record on Wednesday, May 8th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date is Tuesday, May 7th. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is 69.33%.

Institutional Trading of Northfield Bancorp, Inc. (Staten Island, NY)

Institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP acquired a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the third quarter valued at approximately $48,000. PNC Financial Services Group Inc. grew its position in Northfield Bancorp, Inc. (Staten Island, NY) by 41.1% in the third quarter. PNC Financial Services Group Inc. now owns 5,572 shares of the bank’s stock valued at $53,000 after acquiring an additional 1,622 shares during the period. Nisa Investment Advisors LLC raised its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 21,750.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 8,740 shares of the bank’s stock worth $110,000 after acquiring an additional 8,700 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the 4th quarter valued at $132,000. Finally, Caxton Associates LP bought a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the 3rd quarter worth about $106,000. 65.51% of the stock is currently owned by institutional investors and hedge funds.

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.