Piper Sandler Upgrades Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) to “Overweight”

Piper Sandler upgraded shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) from a neutral rating to an overweight rating in a research report report published on Friday, Marketbeat Ratings reports. They currently have $14.00 target price on the bank’s stock, up from their prior target price of $13.00.

Separately, Keefe, Bruyette & Woods dropped their target price on Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $12.00 and set a “market perform” rating on the stock in a report on Tuesday, April 29th.

Northfield Bancorp, Inc. (Staten Island, NY) Trading Up 9.0 %

Shares of NFBK opened at $11.64 on Friday. The business’s 50-day moving average price is $10.69 and its 200 day moving average price is $11.68. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $496.75 million, a P/E ratio of 16.17 and a beta of 0.75. Northfield Bancorp, Inc. has a 1-year low of $6.98 and a 1-year high of $14.39.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last posted its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.01. The firm had revenue of $34.81 million for the quarter, compared to analysts’ expectations 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%. Analysts expect that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current year.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 4.47%. The ex-dividend date is Wednesday, May 7th. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is 68.42%.

Insiders Place Their Bets

In other Northfield Bancorp, Inc. (Staten Island, NY) news, Director Gil Chapman sold 11,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $11.89, for a total transaction of $130,790.00. Following the completion of the transaction, the director now owns 48,005 shares of the company’s stock, valued at $570,779.45. The trade was a 18.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frank P. Patafio sold 5,000 shares of the stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $10.13, for a total value of $50,650.00. Following the sale, the director now owns 147,938 shares of the company’s stock, valued at approximately $1,498,611.94. The trade was a 3.27 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.48% of the company’s stock.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in shares of 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 purchasing an additional 2,059 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the 4th quarter worth approximately $74,000. Quarry LP boosted its stake in 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 buying an additional 4,599 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the fourth quarter valued at $107,000. Finally, ProShare Advisors LLC acquired a new position in Northfield Bancorp, Inc. (Staten Island, NY) during the fourth quarter worth $125,000. 65.51% of the stock is currently owned by institutional investors.

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.