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

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Get Free Report) was the recipient of a large 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 daily volume of 181,000 shares, the short-interest ratio is presently 2.5 days. Approximately 1.2% of the company's stock are short sold.

Insider Activity at Northfield Bancorp, Inc. (Staten Island, NY)

In other Northfield Bancorp, Inc. (Staten Island, NY) news, Director Gil Chapman sold 11,000 shares of the stock in a transaction that occurred on 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 sale, the director now owns 48,005 shares of the company's stock, valued at $570,779.45. This trade represents a 18.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.48% of the stock is owned by insiders.

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

A number of institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC increased its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 113.7% in the first quarter. GAMMA Investing LLC now owns 3,870 shares of the bank's stock valued at $42,000 after buying an additional 2,059 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the 4th quarter worth approximately $74,000. Quarry LP increased its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 193.1% in the 4th quarter. Quarry LP now owns 6,981 shares of the bank's stock valued at $81,000 after acquiring an additional 4,599 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the 4th quarter valued at approximately $107,000. Finally, ProShare Advisors LLC bought a new position in Northfield Bancorp, Inc. (Staten Island, NY) during the fourth quarter worth $125,000. Institutional investors and hedge funds own 65.51% of the company's stock.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Down 1.0 %

NASDAQ NFBK traded down $0.10 during mid-day trading on Friday, reaching $9.96. 102,417 shares of the company's stock traded hands, compared to its average volume of 255,279. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.03. Northfield Bancorp, Inc. has a 1-year low of $6.98 and a 1-year high of $14.39. The company has a fifty day simple moving average of $10.85 and a 200-day simple moving average of $11.74. The company has a market cap of $425.05 million, a price-to-earnings ratio of 13.83 and a beta of 0.68.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.01. The business had revenue of $34.81 million during the quarter, compared to the consensus estimate of $29.82 million. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 11.76% and a return on equity of 4.12%. As a group, equities research analysts expect that Northfield Bancorp, Inc. will post 0.82 EPS for the current year.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 5.22%. The ex-dividend date of this dividend is Wednesday, May 7th. Northfield Bancorp, Inc. (Staten Island, NY)'s payout ratio is currently 72.22%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods dropped their price target 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.