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

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 452,700 shares, an increase of 21.6% from the March 15th total of 372,300 shares. Based on an average trading volume of 181,000 shares, the short-interest ratio is presently 2.5 days. Currently, 1.2% of the shares of the company are sold short.

Insider Activity

In other news, Director Gil Chapman sold 11,000 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $11.89, for a total value of $130,790.00. Following the completion of the transaction, the director now owns 48,005 shares in the company, valued at $570,779.45. This trade represents a 18.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 6.48% of the company’s stock.

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

A number of institutional investors have recently made changes to their positions in NFBK. GAMMA Investing LLC lifted its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 113.7% in the 1st quarter. GAMMA Investing LLC now owns 3,870 shares of the bank’s stock worth $42,000 after buying an additional 2,059 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the 4th quarter worth approximately $74,000. Quarry LP grew its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 193.1% during the 4th quarter. Quarry LP now owns 6,981 shares of the bank’s stock worth $81,000 after buying an additional 4,599 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the fourth quarter worth $107,000. Finally, ProShare Advisors LLC bought a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the fourth quarter valued at $125,000. 65.51% of the stock is currently owned by institutional investors.

Northfield Bancorp, Inc. (Staten Island, NY) Trading Up 1.0 %

Shares of NFBK stock traded up $0.10 during trading hours on Friday, hitting $9.66. 218,417 shares of the company were exchanged, compared to its average volume of 256,819. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.03. The firm has a market cap of $412.25 million, a PE ratio of 13.42 and a beta of 0.68. Northfield Bancorp, Inc. has a 1 year low of $6.98 and a 1 year high of $14.39. The firm has a fifty day moving average of $10.97 and a 200 day moving average of $11.77.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.12% and a net margin of 11.76%. Analysts expect that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current year.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 5th were paid a $0.13 dividend. The ex-dividend date was Wednesday, February 5th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.38%. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio (DPR) is presently 72.22%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reduced their price objective on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $14.25 to $13.00 and set a “market perform” rating on the stock in a research note on Monday, January 27th.

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.