Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Short Interest Down 20.8% in December

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) was the recipient of a large decline in short interest in 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 stock are sold short. Based on an average daily volume of 173,800 shares, the short-interest ratio is currently 1.5 days.

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

Shares of NFBK stock traded up $0.01 during trading on Friday, hitting $11.52. The company’s stock had a trading volume of 124,862 shares, compared to its average volume of 153,069. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.50. The company has a market cap of $494.21 million, a PE ratio of 18.00 and a beta of 0.80. The business has a fifty day moving average of $12.53 and a 200-day moving average of $11.90. Northfield Bancorp, Inc. has a 52 week low of $6.98 and a 52 week high of $14.39.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last announced its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.05% and a net margin of 10.94%. The firm had revenue of $62.90 million during the quarter, compared to the consensus estimate of $32.30 million. As a group, research analysts anticipate that Northfield Bancorp, Inc. will post 0.66 earnings per share for the current year.

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

The business also recently disclosed 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 presently 81.25%.

Insiders Place Their Bets

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 stock was sold at an average price of $13.12, for a total value of $288,640.00. Following the transaction, the director now owns 225,653 shares in the company, valued at $2,960,567.36. This trade represents a 8.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 6.48% of the company’s stock.

Institutional Trading of Northfield Bancorp, Inc. (Staten Island, NY)

Several hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC increased its stake 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 worth $25,000 after purchasing an additional 1,488 shares during the last quarter. Quarry LP purchased a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the third quarter worth $28,000. Point72 Asset Management L.P. bought a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the second quarter valued at $30,000. Point72 DIFC Ltd bought a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the second quarter valued at $47,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the 3rd quarter valued at $138,000. Institutional investors own 65.51% of the company’s stock.

Analyst Ratings Changes

NFBK has been the topic of several recent analyst reports. 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. Keefe, Bruyette & Woods increased their target price 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 report on Wednesday, December 4th.

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.