Northfield Bancorp’s (NFBK) “Hold” Rating Reaffirmed at Piper Jaffray Companies
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.
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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.
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