Northfield Bancorp Inc (NASDAQ:NFBK) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 727,800 shares, a decline of 29.3% from the August 15th total of 1,030,000 shares. Based on an average daily volume of 288,900 shares, the short-interest ratio is currently 2.5 days. Approximately 1.5% of the company’s shares are short sold.

NFBK stock traded up $0.05 during midday trading on Wednesday, hitting $9.86. The stock had a trading volume of 11,554 shares, compared to its average volume of 210,539. The business has a 50-day moving average of $9.80 and a two-hundred day moving average of $10.87. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market cap of $521.43 million, a price-to-earnings ratio of 11.97 and a beta of 0.67. Northfield Bancorp has a 52-week low of $9.27 and a 52-week high of $17.55.

Northfield Bancorp (NASDAQ:NFBK) last released its earnings results on Wednesday, July 22nd. The bank reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.08. Northfield Bancorp had a net margin of 21.16% and a return on equity of 5.44%. The firm had revenue of $34.47 million for the quarter, compared to the consensus estimate of $32.54 million. Research analysts predict that Northfield Bancorp will post 0.68 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Wednesday, August 5th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date was Tuesday, August 4th. Northfield Bancorp’s dividend payout ratio is 56.41%.

In other news, Director Paul Stahlin bought 5,800 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were purchased at an average price of $9.38 per share, for a total transaction of $54,404.00. Following the completion of the acquisition, the director now owns 28,646 shares of the company’s stock, valued at $268,699.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders acquired a total of 12,125 shares of company stock worth $114,773 over the last ninety days. Insiders own 7.15% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in NFBK. Steward Partners Investment Advisory LLC bought a new stake in shares of Northfield Bancorp in the 2nd quarter worth approximately $43,000. PNC Financial Services Group Inc. raised its stake in Northfield Bancorp by 76.0% during the first quarter. PNC Financial Services Group Inc. now owns 5,357 shares of the bank’s stock valued at $60,000 after buying an additional 2,314 shares during the last quarter. Bank of Montreal Can boosted its holdings in Northfield Bancorp by 301.6% in the second quarter. Bank of Montreal Can now owns 6,860 shares of the bank’s stock worth $68,000 after acquiring an additional 5,152 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Northfield Bancorp by 118.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,803 shares of the bank’s stock worth $101,000 after acquiring an additional 4,779 shares during the last quarter. Finally, Moors & Cabot Inc. purchased a new stake in shares of Northfield Bancorp in the first quarter worth $112,000. Hedge funds and other institutional investors own 55.89% of the company’s stock.

A number of equities analysts recently commented on NFBK shares. ValuEngine downgraded Northfield Bancorp from a “hold” rating to a “sell” rating in a report on Monday, August 3rd. BidaskClub raised shares of Northfield Bancorp from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 9th. Finally, DA Davidson reiterated a “neutral” rating on shares of Northfield Bancorp in a research report on Tuesday, July 28th.

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 transaction accounts comprising negotiable orders of withdrawal accounts and non-interest bearing checking accounts; savings accounts, such as money market, passbook, and statement savings; certificates of deposit consisting of individual retirement accounts; and brokered deposits.

Further Reading: Profit Margin

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