Keefe, Bruyette & Woods Issues Positive Forecast for Northfield Bancorp (NASDAQ:NFBK) Stock Price

Northfield Bancorp (NASDAQ:NFBK) had its target price increased by equities researchers at Keefe, Bruyette & Woods from $12.00 to $14.50 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 4.24% from the stock’s previous close.

NFBK has been the subject of a number of other research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Northfield Bancorp in a research note on Monday, December 29th. New Street Research set a $14.50 price target on Northfield Bancorp in a report on Friday. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $14.33.

Northfield Bancorp Stock Up 2.4%

NFBK traded up $0.33 during trading on Friday, hitting $13.91. The company had a trading volume of 58,927 shares, compared to its average volume of 277,174. The company has a market capitalization of $581.44 million, a PE ratio of 1,386.70 and a beta of 0.85. The company has a quick ratio of 1.00, a current ratio of 0.99 and a debt-to-equity ratio of 1.39. Northfield Bancorp has a one year low of $9.40 and a one year high of $14.05. The firm’s 50-day moving average price is $11.89 and its 200 day moving average price is $11.38.

Northfield Bancorp (NASDAQ:NFBK) last posted its quarterly earnings data on Monday, February 2nd. The bank reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.06. Northfield Bancorp had a return on equity of 5.91% and a net margin of 0.30%.The company had revenue of $41.34 million during the quarter, compared to analysts’ expectations of $39.48 million. As a group, equities analysts expect that Northfield Bancorp will post 0.82 earnings per share for the current year.

Institutional Trading of Northfield Bancorp

Several large investors have recently made changes to their positions in NFBK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Northfield Bancorp by 6.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,012 shares of the bank’s stock worth $251,000 after purchasing an additional 1,426 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Northfield Bancorp by 3.7% during the 1st quarter. Empowered Funds LLC now owns 133,823 shares of the bank’s stock worth $1,460,000 after buying an additional 4,741 shares during the last quarter. KLP Kapitalforvaltning AS grew its position in Northfield Bancorp by 301.1% in the second quarter. KLP Kapitalforvaltning AS now owns 36,900 shares of the bank’s stock valued at $424,000 after acquiring an additional 27,700 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in Northfield Bancorp in the 2nd quarter valued at approximately $138,000. Finally, Cullen Frost Bankers Inc. acquired a new position in Northfield Bancorp in the 2nd quarter worth about $31,000. Institutional investors and hedge funds own 65.51% of the company’s stock.

Northfield Bancorp Company Profile

Northfield Bancorp is the bank holding company for Northfield Bank, a New Jersey‐based community bank offering a full range of financial products and services. Headquartered in New Jersey, the company serves individuals, families and small to mid‐sized businesses across Northern and Central New Jersey. Northfield Bancorp focuses on building lasting customer relationships through a combination of personalized service and technology‐driven solutions.

Through its subsidiary, Northfield Bank provides personal banking services such as checking and savings accounts, consumer loans, mortgage products and home equity lines of credit.