Piper Sandler Cuts Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Price Target to $11.00

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) had its target price lowered by Piper Sandler from $13.00 to $11.00 in a report released on Wednesday morning, Benzinga reports. The brokerage currently has a neutral rating on the bank’s stock.

Other equities research analysts have also issued reports about the company. Keefe, Bruyette & Woods cut their price objective on Northfield Bancorp, Inc. (Staten Island, NY) from $12.00 to $11.00 and set a market perform rating on the stock in a research report on Friday, April 5th. TheStreet downgraded shares of Northfield Bancorp, Inc. (Staten Island, NY) from a b- rating to a c+ rating in a research report on Friday, March 1st.

Northfield Bancorp, Inc. (Staten Island, NY) Trading Up 2.8 %

NASDAQ:NFBK opened at $8.57 on Wednesday. The firm has a market capitalization of $381.02 million, a P/E ratio of 11.43 and a beta of 0.71. The company has a quick ratio of 1.12, a current ratio of 1.10 and a debt-to-equity ratio of 1.58. The company has a fifty day moving average of $9.30 and a 200 day moving average of $10.33. Northfield Bancorp, Inc. has a 52 week low of $7.99 and a 52 week high of $13.48.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last issued its quarterly earnings data on Wednesday, April 24th. The bank reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). The firm had revenue of $62.03 million for the quarter, compared to the consensus estimate of $30.93 million. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 14.02% and a return on equity of 4.65%. On average, research analysts predict that Northfield Bancorp, Inc. will post 0.71 earnings per share for the current year.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 6.07%. The ex-dividend date of this dividend is Tuesday, May 7th. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is currently 69.33%.

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

Several hedge funds have recently made changes to their positions in NFBK. GSA Capital Partners LLP grew its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 550.0% in the third quarter. GSA Capital Partners LLP now owns 87,735 shares of the bank’s stock worth $829,000 after purchasing an additional 74,237 shares during the period. Trexquant Investment LP purchased a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the 3rd quarter worth approximately $417,000. Assenagon Asset Management S.A. purchased a new position in Northfield Bancorp, Inc. (Staten Island, NY) during the third quarter valued at $997,000. Barclays PLC raised its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 12.4% during the third quarter. Barclays PLC now owns 26,962 shares of the bank’s stock valued at $255,000 after buying an additional 2,971 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 21,750.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 8,740 shares of the bank’s stock worth $110,000 after acquiring an additional 8,700 shares in the last quarter. 65.51% of the stock is currently owned by institutional investors.

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.