Keefe, Bruyette & Woods Has Lowered Expectations for Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Stock Price

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBKGet Free Report) had its price target decreased by equities researchers at Keefe, Bruyette & Woods from $14.25 to $13.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 11.30% from the company’s current price.

Separately, StockNews.com raised Northfield Bancorp, Inc. (Staten Island, NY) from a “sell” rating to a “hold” rating in a report on Thursday, December 5th.

View Our Latest Stock Analysis on NFBK

Northfield Bancorp, Inc. (Staten Island, NY) Price Performance

NFBK stock opened at $11.68 on Monday. The company has a market capitalization of $501.07 million, a P/E ratio of 16.22 and a beta of 0.80. Northfield Bancorp, Inc. has a twelve month low of $6.98 and a twelve month high of $14.39. The business has a 50 day simple moving average of $12.29 and a 200-day simple moving average of $12.02. 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:NFBKGet Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.03. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.13% and a net margin of 11.76%. As a group, equities analysts anticipate that Northfield Bancorp, Inc. will post 0.95 EPS for the current year.

Insider Buying and Selling

In related news, Director Annette Catino sold 22,000 shares of the stock in a transaction on Monday, December 16th. The stock was 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 directly owns 225,653 shares of the company’s stock, valued at $2,960,567.36. This trade represents a 8.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 6.48% of the company’s stock.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Signaturefd LLC lifted its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 227.2% in the third 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 period. Quarry LP acquired a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the third quarter valued at $28,000. Point72 Asset Management L.P. acquired a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the second quarter valued at $30,000. Point72 DIFC Ltd acquired a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the second quarter valued at $47,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the third quarter valued at $138,000. Institutional investors and hedge funds own 65.51% of the company’s stock.

About Northfield Bancorp, Inc. (Staten Island, NY)

(Get Free Report)

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.

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