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

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBKGet Rating) released its quarterly earnings data on Wednesday. The bank reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.03, MarketWatch Earnings reports. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 37.83% and a return on equity of 9.46%.

Shares of NASDAQ NFBK traded up $0.32 during trading hours on Thursday, hitting $13.47. 96,857 shares of the stock were exchanged, compared to its average volume of 138,312. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.50. The company has a market cap of $658.83 million, a PE ratio of 9.29 and a beta of 0.67. The firm has a fifty day moving average price of $14.54 and a 200-day moving average price of $16.05. Northfield Bancorp, Inc. has a 12 month low of $13.06 and a 12 month high of $18.41.

Several research firms have recently commented on NFBK. StockNews.com began coverage on shares of Northfield Bancorp, Inc. (Staten Island, NY) in a report on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research upgraded shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “sell” rating to a “hold” rating in a report on Wednesday, April 6th.

In other news, CEO Steven M. Klein acquired 3,751 shares of Northfield Bancorp, Inc. (Staten Island, NY) stock in a transaction that occurred on Thursday, March 10th. The stock was purchased at an average price of $14.88 per share, for a total transaction of $55,814.88. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 7.12% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Morgan Stanley grew its position in Northfield Bancorp, Inc. (Staten Island, NY) by 37.9% during the 2nd quarter. Morgan Stanley now owns 170,466 shares of the bank’s stock worth $2,795,000 after purchasing an additional 46,890 shares during the last quarter. Royal Bank of Canada grew its position in Northfield Bancorp, Inc. (Staten Island, NY) by 32.1% during the 2nd quarter. Royal Bank of Canada now owns 5,132 shares of the bank’s stock worth $84,000 after purchasing an additional 1,246 shares during the last quarter. Millennium Management LLC purchased a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the 2nd quarter worth approximately $538,000. Citigroup Inc. grew its position in Northfield Bancorp, Inc. (Staten Island, NY) by 39.4% during the 4th quarter. Citigroup Inc. now owns 33,558 shares of the bank’s stock worth $542,000 after purchasing an additional 9,487 shares during the last quarter. Finally, Barclays PLC grew its position in Northfield Bancorp, Inc. (Staten Island, NY) by 57.2% during the 4th quarter. Barclays PLC now owns 57,440 shares of the bank’s stock worth $929,000 after purchasing an additional 20,909 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Northfield Bancorp, Inc. (Staten Island, NY) Company Profile (Get Rating)

Northfield Bancorp, Inc (Staten Island, NY) operates as the bank holding company for Northfield Bank that provides various banking 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; individual retirement accounts; and brokered deposits.

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Earnings History for Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

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