Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Sees Significant Decrease in Short Interest

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 429,400 shares, a decrease of 17.7% from the October 15th total of 521,800 shares. Based on an average daily volume of 168,300 shares, the days-to-cover ratio is presently 2.6 days. Currently, 1.1% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. StockNews.com raised shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Keefe, Bruyette & Woods boosted their target price on Northfield Bancorp, Inc. (Staten Island, NY) from $9.50 to $11.25 and gave the stock a “market perform” rating in a report on Tuesday, July 30th.

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

NASDAQ:NFBK remained flat at $13.46 during mid-day trading on Friday. The company had a trading volume of 128,578 shares, compared to its average volume of 182,828. 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 business’s fifty day moving average price is $11.99 and its two-hundred day moving average price is $10.81. Northfield Bancorp, Inc. has a 1 year low of $6.98 and a 1 year high of $14.28. The company has a market cap of $577.43 million, a price-to-earnings ratio of 21.03 and a beta of 0.74.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last announced 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 for the quarter, compared to analysts’ expectations of $32.30 million. On average, sell-side analysts forecast that Northfield Bancorp, Inc. will post 0.66 earnings per share for the current year.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be issued a $0.13 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $0.52 annualized dividend and a dividend yield of 3.86%. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is currently 81.25%.

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

A number of institutional investors and hedge funds have recently modified their holdings of NFBK. Illinois Municipal Retirement Fund raised its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 5.0% during the first quarter. Illinois Municipal Retirement Fund now owns 23,503 shares of the bank’s stock worth $228,000 after purchasing an additional 1,123 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 3.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 38,748 shares of the bank’s stock worth $377,000 after buying an additional 1,165 shares during the period. Signaturefd LLC lifted its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 227.2% during the third quarter. Signaturefd LLC now owns 2,143 shares of the bank’s stock valued at $25,000 after buying an additional 1,488 shares in the last quarter. nVerses Capital LLC boosted its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 105.9% in the second quarter. nVerses Capital LLC now owns 3,500 shares of the bank’s stock worth $33,000 after buying an additional 1,800 shares during the period. Finally, Point72 Asset Management L.P. increased its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 57.9% in the third quarter. Point72 Asset Management L.P. now owns 5,054 shares of the bank’s stock worth $59,000 after acquiring an additional 1,854 shares in the last quarter. Institutional investors and hedge funds own 65.51% of the company’s stock.

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.