Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Reaches New 12-Month High – Still a Buy?

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $13.60 and last traded at $13.47, with a volume of 127906 shares. The stock had previously closed at $11.76.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods boosted their target price on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $9.50 to $11.25 and gave the company a “market perform” rating in a report on Tuesday, July 30th.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Up 16.9 %

The stock has a fifty day simple moving average of $11.72 and a two-hundred day simple moving average of $10.54. The firm has a market cap of $594.73 million, a PE ratio of 21.52 and a beta of 0.74. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.50.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last posted its earnings results on Wednesday, October 23rd. The bank reported $0.16 earnings per share 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 business had revenue of $62.90 million for the quarter, compared to analyst estimates of $32.30 million. As a group, sell-side analysts expect that Northfield Bancorp, Inc. will post 0.67 EPS for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be given a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.78%. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio (DPR) is presently 81.25%.

Hedge Funds Weigh In On Northfield Bancorp, Inc. (Staten Island, NY)

A number of institutional investors have recently added to or reduced their stakes in NFBK. Signaturefd LLC boosted 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 acquiring an additional 1,488 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the second quarter valued at approximately $30,000. nVerses Capital LLC lifted its position in Northfield Bancorp, Inc. (Staten Island, NY) by 105.9% during the second quarter. nVerses Capital LLC now owns 3,500 shares of the bank’s stock valued at $33,000 after purchasing an additional 1,800 shares during the last quarter. Point72 DIFC Ltd purchased a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the 2nd quarter worth approximately $47,000. Finally, EntryPoint Capital LLC purchased a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the 1st quarter worth approximately $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.