Northfield Bancorp (NASDAQ:NFBK) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Wednesday, May 2nd.
Other research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Northfield Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. TheStreet upgraded shares of Northfield Bancorp from a “c+” rating to a “b” rating in a research note on Thursday, April 26th. ValuEngine downgraded shares of Northfield Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, April 18th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $18.50 price target on shares of Northfield Bancorp in a report on Tuesday, February 27th. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. Northfield Bancorp presently has an average rating of “Hold” and an average target price of $17.60.
NFBK stock opened at $16.27 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.71. The company has a market cap of $784.15 million, a P/E ratio of 21.57, a price-to-earnings-growth ratio of 2.39 and a beta of 0.35. Northfield Bancorp has a 12 month low of $15.88 and a 12 month high of $15.92.
Northfield Bancorp (NASDAQ:NFBK) last issued its quarterly earnings results on Wednesday, April 25th. The bank reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.02. The business had revenue of $29.95 million during the quarter, compared to the consensus estimate of $29.87 million. Northfield Bancorp had a net margin of 17.38% and a return on equity of 5.43%. equities analysts predict that Northfield Bancorp will post 0.84 earnings per share for the current fiscal year.
In other Northfield Bancorp news, CEO Steven M. Klein sold 10,747 shares of the firm’s stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $16.02, for a total value of $172,166.94. Following the completion of the sale, the chief executive officer now owns 307,776 shares in the company, valued at approximately $4,930,571.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gil Chapman sold 4,351 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $16.28, for a total transaction of $70,834.28. Following the completion of the sale, the director now owns 94,313 shares of the company’s stock, valued at approximately $1,535,415.64. The disclosure for this sale can be found here. Insiders have sold a total of 75,278 shares of company stock valued at $1,209,045 in the last quarter. 9.34% of the stock is currently owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in Northfield Bancorp in the first quarter valued at approximately $126,000. RMB Capital Management LLC bought a new position in Northfield Bancorp in the first quarter valued at approximately $156,000. Barclays PLC lifted its stake in Northfield Bancorp by 99.3% in the first quarter. Barclays PLC now owns 13,612 shares of the bank’s stock valued at $212,000 after buying an additional 6,783 shares in the last quarter. Teacher Retirement System of Texas bought a new position in Northfield Bancorp in the fourth quarter valued at approximately $260,000. Finally, Aperio Group LLC lifted its stake in Northfield Bancorp by 29.1% in the first quarter. Aperio Group LLC now owns 17,563 shares of the bank’s stock valued at $274,000 after buying an additional 3,957 shares in the last quarter. 52.85% of the stock is currently owned by institutional investors and hedge funds.
Northfield Bancorp Company Profile
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.
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