Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Price Target Cut to $11.00 by Analysts at Keefe, Bruyette & Woods

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Free Report) had its price target trimmed by Keefe, Bruyette & Woods from $12.00 to $11.00 in a report published on Friday, Benzinga reports. The firm currently has a market perform rating on the bank's stock.

Separately, TheStreet downgraded shares of Northfield Bancorp, Inc. (Staten Island, NY) from a b- rating to a c+ rating in a research report on Friday, March 1st.

Northfield Bancorp, Inc. (Staten Island, NY) Trading Down 2.0 %

NASDAQ:NFBK traded down $0.19 during midday trading on Friday, reaching $9.09. 159,892 shares of the stock traded hands, compared to its average volume of 211,457. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.12 and a current ratio of 1.12. The company has a fifty day moving average of $10.24 and a 200 day moving average of $10.43. The stock has a market capitalization of $404.23 million, a P/E ratio of 10.57 and a beta of 0.68. Northfield Bancorp, Inc. has a 12 month low of $8.39 and a 12 month high of $13.48.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Get Free Report) last issued its quarterly earnings data on Wednesday, January 24th. The bank reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.03. The business had revenue of $58.09 million for the quarter, compared to the consensus estimate of $31.65 million. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 17.07% and a return on equity of 5.44%. On average, research analysts predict that Northfield Bancorp, Inc. will post 0.71 EPS for the current year.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Stockholders of record on Wednesday, February 7th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.72%. The ex-dividend date of this dividend was Tuesday, February 6th. Northfield Bancorp, Inc. (Staten Island, NY)'s dividend payout ratio is presently 60.47%.

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

Hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors boosted its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 171.8% in the 1st quarter. Captrust Financial Advisors now owns 2,264 shares of the bank's stock worth $33,000 after purchasing an additional 1,431 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 658.6% during the 1st quarter. Tower Research Capital LLC TRC now owns 3,520 shares of the bank's stock valued at $41,000 after acquiring an additional 3,056 shares during the period. Quantbot Technologies LP bought a new position in Northfield Bancorp, Inc. (Staten Island, NY) during the 3rd quarter valued at about $48,000. PNC Financial Services Group Inc. lifted its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 41.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,572 shares of the bank's stock valued at $53,000 after acquiring an additional 1,622 shares during the period. Finally, Royal Bank of Canada lifted its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 43.4% during the 2nd quarter. Royal Bank of Canada now owns 6,328 shares of the bank's stock valued at $70,000 after acquiring an additional 1,914 shares during the period. Institutional investors own 65.51% of the company's stock.

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.