Northfield Bancorp Inc (NFBK) Receives Consensus Rating of “Hold” from Brokerages

Northfield Bancorp Inc (NASDAQ:NFBK) has been assigned an average rating of “Hold” from the seven analysts that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $17.25.

A number of analysts have recently commented on the company. BidaskClub raised Northfield Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, June 23rd. Zacks Investment Research raised Northfield Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, July 10th. Finally, ValuEngine lowered Northfield Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, June 12th.

NASDAQ:NFBK traded down $0.36 during trading hours on Monday, hitting $15.69. The company’s stock had a trading volume of 47,400 shares, compared to its average volume of 88,389. The firm has a market capitalization of $794.36 million, a PE ratio of 21.49, a price-to-earnings-growth ratio of 2.42 and a beta of 0.40. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.81. Northfield Bancorp has a twelve month low of $15.14 and a twelve month high of $18.39.

Northfield Bancorp (NASDAQ:NFBK) last announced its quarterly earnings results on Friday, July 27th. The bank reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.02. Northfield Bancorp had a return on equity of 5.75% and a net margin of 18.48%. The firm had revenue of $30.22 million for the quarter, compared to analyst estimates of $30.37 million. analysts anticipate that Northfield Bancorp will post 0.83 EPS for the current fiscal year.

In related news, Director John P. Connors, Jr. sold 2,500 shares of Northfield Bancorp stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $16.62, for a total value of $41,550.00. Following the transaction, the director now directly owns 107,103 shares of the company’s stock, valued at $1,780,051.86. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Robin Lefkowitz sold 2,231 shares of Northfield Bancorp stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $16.30, for a total value of $36,365.30. Following the completion of the transaction, the executive vice president now directly owns 29,240 shares in the company, valued at $476,612. The disclosure for this sale can be found here. Insiders have sold 10,231 shares of company stock worth $166,840 over the last three months. Insiders own 9.20% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Sei Investments Co. lifted its stake in shares of Northfield Bancorp by 4,853.1% in the second quarter. Sei Investments Co. now owns 6,439 shares of the bank’s stock worth $107,000 after acquiring an additional 6,309 shares during the period. Bank of Montreal Can lifted its stake in shares of Northfield Bancorp by 70.2% in the second quarter. Bank of Montreal Can now owns 7,386 shares of the bank’s stock worth $122,000 after acquiring an additional 3,046 shares during the period. SG Americas Securities LLC acquired a new position in shares of Northfield Bancorp in the first quarter worth approximately $126,000. RMB Capital Management LLC acquired a new position in shares of Northfield Bancorp in the first quarter worth approximately $156,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of Northfield Bancorp in the second quarter worth approximately $179,000. 55.16% of the stock is currently owned by institutional investors.

About Northfield Bancorp

Northfield Bancorp, Inc 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.

Featured Article: Index Funds

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

Leave a Reply