Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Reaches New 52-Week High – Should You Buy?

Shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $14.39 and last traded at $14.33, with a volume of 11824 shares traded. The stock had previously closed at $13.78.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NFBK. 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. StockNews.com cut Northfield Bancorp, Inc. (Staten Island, NY) from a “hold” rating to a “sell” rating in a research report on Friday, November 22nd.

Northfield Bancorp, Inc. (Staten Island, NY) Price Performance

The company has a market capitalization of $583.44 million, a P/E ratio of 21.25 and a beta of 0.74. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.09 and a quick ratio of 1.09. The firm’s 50-day moving average is $12.24 and its 200-day moving average is $11.03.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last issued its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 10.94% and a return on equity of 4.05%. The firm had revenue of $62.90 million during the quarter, compared to the consensus estimate of $32.30 million. Analysts predict that Northfield Bancorp, Inc. will post 0.66 EPS for the current fiscal year.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend was Wednesday, November 6th. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio (DPR) is currently 81.25%.

Institutional Trading of Northfield Bancorp, Inc. (Staten Island, NY)

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 2,811,707 shares of the bank’s stock worth $27,330,000 after buying an additional 17,267 shares in the last quarter. State Street Corp raised its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 36.5% during the 3rd quarter. State Street Corp now owns 1,442,937 shares of the bank’s stock valued at $16,738,000 after purchasing an additional 385,711 shares during the period. Renaissance Technologies LLC lifted its holdings 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 worth $13,624,000 after buying an additional 41,500 shares in the last quarter. Millennium Management LLC grew its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 877.7% in the 2nd quarter. Millennium Management LLC now owns 1,074,151 shares of the bank’s stock worth $10,183,000 after buying an additional 964,286 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 69.7% in the 2nd quarter. AQR Capital Management LLC now owns 924,716 shares of the bank’s stock worth $8,766,000 after purchasing an additional 379,695 shares during the period. 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.