Keefe, Bruyette & Woods Boosts Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Price Target to $11.25

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) had its target price upped by Keefe, Bruyette & Woods from $9.50 to $11.25 in a report issued on Tuesday morning, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the bank’s stock.

Separately, Piper Sandler lowered their target price on Northfield Bancorp, Inc. (Staten Island, NY) from $13.00 to $11.00 and set a neutral rating for the company in a research note on Wednesday, May 1st.

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

Shares of NASDAQ:NFBK opened at $12.05 on Tuesday. The company’s fifty day moving average is $9.64 and its 200 day moving average is $9.89. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.66. Northfield Bancorp, Inc. has a 52 week low of $6.98 and a 52 week high of $13.48. The stock has a market cap of $534.30 million, a PE ratio of 16.07 and a beta of 0.75.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.32%. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is currently 69.33%.

Insider Buying and Selling at Northfield Bancorp, Inc. (Staten Island, NY)

In other Northfield Bancorp, Inc. (Staten Island, NY) news, Director Annette Catino bought 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The stock was bought at an average price of $8.10 per share, for a total transaction of $121,500.00. Following the completion of the acquisition, the director now directly owns 21,000 shares in the company, valued at $170,100. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Annette Catino purchased 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The stock was bought at an average cost of $8.10 per share, with a total value of $121,500.00. Following the completion of the purchase, the director now directly owns 21,000 shares in the company, valued at $170,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Steven M. Klein acquired 11,061 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were purchased at an average cost of $7.56 per share, for a total transaction of $83,621.16. Following the completion of the transaction, the chief executive officer now owns 467,939 shares in the company, valued at approximately $3,537,618.84. The disclosure for this purchase can be found here. Insiders acquired 38,061 shares of company stock valued at $295,761 in the last 90 days. Insiders own 6.48% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. nVerses Capital LLC boosted its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 105.9% in the 2nd quarter. nVerses Capital LLC now owns 3,500 shares of the bank’s stock worth $33,000 after purchasing an additional 1,800 shares in the last quarter. CWM LLC grew its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 518.4% in the second quarter. CWM LLC now owns 14,211 shares of the bank’s stock worth $135,000 after acquiring an additional 11,913 shares during the last quarter. Caxton Associates LP increased its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 31.8% during the first quarter. Caxton Associates LP now owns 14,718 shares of the bank’s stock valued at $143,000 after acquiring an additional 3,550 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 3.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 38,748 shares of the bank’s stock worth $377,000 after purchasing an additional 1,165 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the 1st quarter worth about $53,000. 65.51% of the stock is currently owned by institutional investors.

About Northfield Bancorp, Inc. (Staten Island, NY)

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.