Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Issues Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Get Free Report) released its quarterly earnings results on Wednesday. The bank reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.03, Zacks reports. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.05% and a net margin of 10.94%.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Down 2.3 %

NFBK traded down $0.27 on Wednesday, hitting $11.42. 170,726 shares of the company were exchanged, compared to its average volume of 156,264. The stock's fifty day moving average is $12.44 and its 200-day moving average is $11.96. Northfield Bancorp, Inc. has a 12 month low of $6.98 and a 12 month high of $14.39. 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 company has a market cap of $489.92 million, a PE ratio of 17.84 and a beta of 0.80.

Analysts Set New Price Targets

A number of brokerages have recently commented on NFBK. Keefe, Bruyette & Woods boosted their price target on Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $14.25 and gave the company a "market perform" rating in a report on Wednesday, December 4th. StockNews.com raised shares of Northfield Bancorp, Inc. (Staten Island, NY) from a "sell" rating to a "hold" rating in a research note on Thursday, December 5th.

Insider Buying and Selling at Northfield Bancorp, Inc. (Staten Island, NY)

In other news, Director Annette Catino sold 22,000 shares of Northfield Bancorp, Inc. (Staten Island, NY) stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $13.12, for a total value of $288,640.00. Following the completion of the transaction, the director now owns 225,653 shares of the company's stock, valued at $2,960,567.36. This trade represents a 8.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 6.48% 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.

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