Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Announces Quarterly Earnings Results

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) announced its earnings results on Wednesday. The bank reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03, Zacks reports. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 10.94% and a return on equity of 4.05%.

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

Shares of NFBK stock traded down $0.27 during trading hours on Wednesday, reaching $11.42. The company’s stock had a trading volume of 170,726 shares, compared to its average volume of 156,264. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.50. Northfield Bancorp, Inc. has a fifty-two week low of $6.98 and a fifty-two week high of $14.39. The company has a market capitalization of $489.92 million, a price-to-earnings ratio of 17.84 and a beta of 0.80. The firm’s 50 day simple moving average is $12.44 and its 200-day simple moving average is $11.96.

Insider Buying and Selling

In other Northfield Bancorp, Inc. (Staten Island, NY) news, Director Annette Catino sold 22,000 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $13.12, for a total value of $288,640.00. Following the completion of the transaction, the director now directly owns 225,653 shares in the company, valued at approximately $2,960,567.36. This trade represents a 8.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.48% of the stock is owned by corporate insiders.

Analyst Ratings Changes

NFBK has been the subject of several analyst reports. Keefe, Bruyette & Woods lifted their price objective on Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $14.25 and gave the company a “market perform” rating in a report on Wednesday, December 4th. StockNews.com raised shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th.

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.