Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Short Interest Down 17.7% in October

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 429,400 shares, a decline of 17.7% from the October 15th total of 521,800 shares. Based on an average daily trading volume, of 168,300 shares, the days-to-cover ratio is presently 2.6 days. Approximately 1.1% of the shares of the company are short sold.

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

Several large investors have recently made changes to their positions in NFBK. Signaturefd LLC increased its stake in 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 buying an additional 1,488 shares during the period. Quarry LP acquired a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the third quarter worth $28,000. Point72 Asset Management L.P. purchased a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the second quarter worth $30,000. nVerses Capital LLC raised its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 105.9% in the second 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 in the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the second quarter valued at $47,000. 65.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on NFBK shares. Keefe, Bruyette & Woods raised their price objective on 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 shares of 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

NASDAQ:NFBK remained flat at $13.46 during trading hours on Friday. The company’s stock had a trading volume of 128,578 shares, compared to its average volume of 275,438. The firm has a market cap of $577.43 million, a P/E ratio of 21.03 and a beta of 0.74. The business’s 50-day simple moving average is $11.99 and its two-hundred day simple moving average is $10.79. Northfield Bancorp, Inc. has a 52 week low of $6.98 and a 52 week high of $14.28. 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:NFBK) last issued its earnings results on Wednesday, October 23rd. The bank reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. The business had revenue of $62.90 million for the quarter, compared to analysts’ expectations of $32.30 million. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.05% and a net margin of 10.94%. Equities analysts expect that Northfield Bancorp, Inc. will post 0.66 EPS for the current fiscal year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be issued a $0.13 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $0.52 annualized dividend and a yield of 3.86%. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio (DPR) is currently 81.25%.

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.