Northfield Bancorp (NASDAQ:NFBK) Price Target Cut to $12.00 by Analysts at Keefe, Bruyette & Woods

Northfield Bancorp (NASDAQ:NFBK) had its price target cut by Keefe, Bruyette & Woods from $13.00 to $12.00 in a research note published on Tuesday, MarketBeat.com reports. They currently have a market perform rating on the bank’s stock.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Northfield Bancorp in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Northfield Bancorp presently has a consensus rating of “Hold” and a consensus price target of $13.00.

Northfield Bancorp Stock Down 3.2%

NFBK stock opened at $10.43 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $436.08 million, a PE ratio of 10.75 and a beta of 0.85. Northfield Bancorp has a twelve month low of $9.40 and a twelve month high of $14.39. The stock has a 50-day simple moving average of $11.49 and a two-hundred day simple moving average of $11.33.

Northfield Bancorp (NASDAQ:NFBK) last announced its quarterly earnings results on Wednesday, October 22nd. The bank reported $0.27 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.27. Northfield Bancorp had a net margin of 14.92% and a return on equity of 5.20%. The firm had revenue of $39.24 million for the quarter, compared to the consensus estimate of $39.10 million. On average, equities analysts predict that Northfield Bancorp will post 0.82 EPS for the current fiscal year.

Northfield Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 5th will be given a dividend of $0.13 per share. The ex-dividend date is Wednesday, November 5th. This represents a $0.52 annualized dividend and a yield of 5.0%. Northfield Bancorp’s payout ratio is presently 53.61%.

Hedge Funds Weigh In On Northfield Bancorp

A number of institutional investors have recently made changes to their positions in NFBK. Cullen Frost Bankers Inc. purchased a new stake in shares of Northfield Bancorp during the 2nd quarter valued at $31,000. GAMMA Investing LLC increased its stake in Northfield Bancorp by 113.7% in the first quarter. GAMMA Investing LLC now owns 3,870 shares of the bank’s stock valued at $42,000 after acquiring an additional 2,059 shares during the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in Northfield Bancorp during the second quarter valued at about $138,000. Baron Wealth Management LLC bought a new stake in Northfield Bancorp during the second quarter worth about $146,000. Finally, Lazard Asset Management LLC bought a new stake in Northfield Bancorp during the second quarter worth about $146,000. Institutional investors own 65.51% of the company’s stock.

Northfield Bancorp 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.