Piper Jaffray Companies reiterated their hold rating on shares of Northfield Bancorp, Inc. (NASDAQ:NFBK) in a research note released on Friday.

Several other research analysts have also recently issued reports on the stock. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $17.00 target price on shares of Northfield Bancorp in a report on Tuesday, October 3rd. DA Davidson began coverage on shares of Northfield Bancorp in a report on Friday, September 1st. They issued a neutral rating and a $17.00 target price for the company.

Northfield Bancorp (NASDAQ NFBK) opened at $16.44 on Friday. Northfield Bancorp has a 12-month low of $15.35 and a 12-month high of $20.59. The stock has a market cap of $791.36, a PE ratio of 23.81, a P/E/G ratio of 2.25 and a beta of 0.33. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.17 and a current ratio of 1.17.

Northfield Bancorp (NASDAQ:NFBK) last issued its quarterly earnings results on Wednesday, October 25th. The bank reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17. Northfield Bancorp had a net margin of 24.39% and a return on equity of 4.97%. The company had revenue of $29.97 million during the quarter, compared to analysts’ expectations of $29.66 million. equities analysts anticipate that Northfield Bancorp will post 0.72 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This article was originally published by Watch List News and is the property of of Watch List News. If you are viewing this article on another publication, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this article can be read at https://www.watchlistnews.com/northfield-bancorps-nfbk-hold-rating-reaffirmed-at-piper-jaffray-companies/1701561.html.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, November 7th. This is a boost from Northfield Bancorp’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 2.43%. Northfield Bancorp’s payout ratio is 54.05%.

Institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue raised its holdings in Northfield Bancorp by 80.1% in the second quarter. State of Alaska Department of Revenue now owns 8,969 shares of the bank’s stock worth $153,000 after buying an additional 3,989 shares during the last quarter. Moors & Cabot Inc. purchased a new position in Northfield Bancorp in the second quarter worth about $172,000. GSA Capital Partners LLP purchased a new position in Northfield Bancorp in the second quarter worth about $181,000. SG Americas Securities LLC purchased a new position in shares of Northfield Bancorp during the third quarter valued at approximately $199,000. Finally, Aperio Group LLC raised its holdings in shares of Northfield Bancorp by 29.6% during the second quarter. Aperio Group LLC now owns 13,582 shares of the bank’s stock valued at $233,000 after purchasing an additional 3,099 shares during the last quarter. 52.55% of the stock is owned by institutional investors and hedge funds.

Northfield Bancorp Company Profile

Northfield Bancorp, Inc is a holding company for Northfield Bank (the Bank). Northfield Bank’s principal business consists of originating commercial real estate loans and multifamily real estate loans, purchasing investment securities including mortgage-backed securities and corporate bonds, as well as depositing funds in other financial institutions.

Receive News & Ratings for Northfield Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northfield Bancorp Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.