Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Hits New 52-Week High – Still a Buy?

Shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) hit a new 52-week high during trading on Tuesday . The company traded as high as $14.28 and last traded at $14.24, with a volume of 6183 shares trading hands. The stock had previously closed at $14.10.

Analysts Set New Price Targets

NFBK has been the topic of several recent analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $9.50 to $11.25 and gave the stock a “market perform” rating in a research note on Tuesday, July 30th. StockNews.com upgraded Northfield Bancorp, Inc. (Staten Island, NY) from a “sell” rating to a “hold” rating in a research note on Tuesday.

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

The company’s fifty day simple moving average is $11.92 and its two-hundred day simple moving average is $10.73. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $586.09 million, a P/E ratio of 21.20 and a beta of 0.74.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last released its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.16 earnings per share for the quarter, hitting the consensus estimate 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 business had revenue of $62.90 million during the quarter, compared to analysts’ expectations of $32.30 million. As a group, equities analysts forecast that Northfield Bancorp, Inc. will post 0.66 EPS for the current year.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.52 annualized dividend and a dividend yield of 3.83%. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio (DPR) is presently 81.25%.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Signaturefd LLC increased its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 227.2% during the third 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 period. Point72 Asset Management L.P. acquired a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the 2nd quarter valued at $30,000. nVerses Capital LLC lifted its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 105.9% during the 2nd quarter. nVerses Capital LLC now owns 3,500 shares of the bank’s stock valued at $33,000 after acquiring an additional 1,800 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the 2nd quarter worth $47,000. Finally, EntryPoint Capital LLC bought a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the first quarter worth $53,000. Institutional investors and hedge funds own 65.51% of the company’s stock.

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.