Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Stock Price Down 4.7% - Here's What Happened

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Get Free Report) dropped 4.7% during mid-day trading on Thursday . The stock traded as low as $11.49 and last traded at $11.51. Approximately 15,995 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 281,489 shares. The stock had previously closed at $12.08.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods boosted their target price on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $9.50 to $11.25 and gave the company a "market perform" rating in a research note on Tuesday, July 30th.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Down 2.8 %

The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.66. The company has a market cap of $520.60 million, a P/E ratio of 15.47 and a beta of 0.75. The business's 50 day moving average is $11.73 and its 200 day moving average is $10.32.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The bank reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.03. The company had revenue of $31.55 million for the quarter, compared to the consensus estimate of $30.96 million. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.31% and a net margin of 12.00%. As a group, equities analysts anticipate that Northfield Bancorp, Inc. will post 0.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. American Century Companies Inc. increased its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 11.6% during the second quarter. American Century Companies Inc. now owns 602,688 shares of the bank's stock worth $5,713,000 after purchasing an additional 62,473 shares in the last quarter. Inspire Investing LLC acquired a new position in Northfield Bancorp, Inc. (Staten Island, NY) during the 3rd quarter valued at about $890,000. Cubist Systematic Strategies LLC increased its position in Northfield Bancorp, Inc. (Staten Island, NY) by 753.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 134,317 shares of the bank's stock valued at $1,273,000 after buying an additional 118,581 shares in the last quarter. AQR Capital Management LLC raised its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 69.7% in the second quarter. AQR Capital Management LLC now owns 924,716 shares of the bank's stock valued at $8,766,000 after buying an additional 379,695 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 0.6% in the first quarter. Vanguard Group Inc. now owns 2,811,707 shares of the bank's stock worth $27,330,000 after acquiring an additional 17,267 shares in the last quarter. Institutional investors 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.