Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Short Interest Update

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 259,300 shares, a decline of 20.8% from the December 15th total of 327,200 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily volume of 173,800 shares, the days-to-cover ratio is presently 1.5 days.

Wall Street Analysts Forecast Growth

NFBK has been the subject of several research analyst reports. Keefe, Bruyette & Woods lifted their price target on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $14.25 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. StockNews.com upgraded Northfield Bancorp, Inc. (Staten Island, NY) from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th.

Insider Activity

In other news, Director Annette Catino sold 22,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $13.12, for a total transaction of $288,640.00. Following the completion of the sale, the director now owns 225,653 shares of the company’s stock, valued at $2,960,567.36. This trade represents a 8.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 6.48% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Signaturefd LLC increased its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 227.2% during the 3rd quarter. Signaturefd LLC now owns 2,143 shares of the bank’s stock valued at $25,000 after purchasing an additional 1,488 shares during the last quarter. Point72 Asset Management L.P. grew its position in Northfield Bancorp, Inc. (Staten Island, NY) by 57.9% during the third quarter. Point72 Asset Management L.P. now owns 5,054 shares of the bank’s stock valued at $59,000 after buying an additional 1,854 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 13.8% during the second quarter. The Manufacturers Life Insurance Company now owns 16,752 shares of the bank’s stock worth $159,000 after buying an additional 2,030 shares during the last quarter. Quarry LP bought a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the third quarter worth about $28,000. Finally, Point72 DIFC Ltd purchased a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the second quarter valued at about $47,000. Hedge funds and other institutional investors own 65.51% of the company’s stock.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Up 0.1 %

NFBK stock traded up $0.01 during midday trading on Friday, reaching $11.52. 124,862 shares of the company’s stock traded hands, compared to its average volume of 153,069. 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 firm’s fifty day moving average price is $12.53 and its 200-day moving average price is $11.90. Northfield Bancorp, Inc. has a 52 week low of $6.98 and a 52 week high of $14.39. The company has a market cap of $494.21 million, a price-to-earnings ratio of 18.00 and a beta of 0.80.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last posted its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 firm had revenue of $62.90 million for the quarter, compared to the consensus estimate of $32.30 million. As a group, sell-side analysts forecast that Northfield Bancorp, Inc. will post 0.66 earnings per share for the current fiscal year.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were issued a dividend of $0.13 per share. The ex-dividend date was Wednesday, November 6th. This represents a $0.52 dividend on an annualized basis and a yield of 4.51%. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio (DPR) is currently 81.25%.

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.