Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Short Interest Update

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Get Free Report) saw a significant decrease in short interest in December. As of December 31st, there was short interest totalling 259,300 shares, a decrease of 20.8% from the December 15th total of 327,200 shares. Approximately 0.7% of the company's stock are short sold. Based on an average daily volume of 173,800 shares, the short-interest ratio is currently 1.5 days.

Insider Activity

In other news, Director Annette Catino sold 22,000 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $13.12, for a total value of $288,640.00. Following the completion of the sale, the director now owns 225,653 shares in the company, valued at $2,960,567.36. This represents a 8.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.48% of the company's stock.

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

Several institutional investors have recently bought and sold shares of NFBK. American Century Companies Inc. raised its holdings in 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 valued at $5,713,000 after buying an additional 62,473 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 3.0% in the second quarter. Renaissance Technologies LLC now owns 1,437,149 shares of the bank's stock valued at $13,624,000 after purchasing an additional 41,500 shares during the last quarter. Sei Investments Co. grew its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 19.6% in the second quarter. Sei Investments Co. now owns 39,066 shares of the bank's stock valued at $370,000 after purchasing an additional 6,393 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 101.8% in the second quarter. Thrivent Financial for Lutherans now owns 72,843 shares of the bank's stock valued at $691,000 after purchasing an additional 36,741 shares during the last quarter. Finally, DRW Securities LLC acquired a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the second quarter valued at about $153,000. 65.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NFBK has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods increased their target price 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 upgraded Northfield Bancorp, Inc. (Staten Island, NY) from a "sell" rating to a "hold" rating in a report on Thursday, December 5th.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Up 2.6 %

Shares of NASDAQ:NFBK traded up $0.30 during midday trading on Wednesday, hitting $11.67. 132,794 shares of the stock were exchanged, compared to its average volume of 158,477. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.09 and a current ratio of 1.09. Northfield Bancorp, Inc. has a 52-week low of $6.98 and a 52-week high of $14.39. The business's fifty day simple moving average is $12.61 and its two-hundred day simple moving average is $11.90. The company has a market capitalization of $500.69 million, a PE ratio of 18.23 and a beta of 0.80.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The bank reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.05% and a net margin of 10.94%. The company had revenue of $62.90 million for the quarter, compared to analyst estimates of $32.30 million. As a group, research analysts predict that Northfield Bancorp, Inc. will post 0.66 earnings per share for the current fiscal year.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were issued a dividend of $0.13 per share. The ex-dividend date was Wednesday, November 6th. This represents a $0.52 annualized dividend and a yield of 4.46%. Northfield Bancorp, Inc. (Staten Island, NY)'s dividend payout ratio (DPR) is currently 81.25%.

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.