Northfield Bancorp, Inc. (NFBK) Rating Reiterated by Keefe, Bruyette & Woods
Northfield Bancorp, Inc. (NASDAQ:NFBK)‘s stock had its “hold” rating reissued by Keefe, Bruyette & Woods in a research note issued to investors on Tuesday. They presently have a $17.00 price objective on the bank’s stock. Keefe, Bruyette & Woods’ target price points to a potential downside of 1.16% from the company’s current price.
Several other research analysts have also recently commented on the stock. BidaskClub cut shares of Northfield Bancorp from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. DA Davidson initiated coverage on shares of Northfield Bancorp in a report on Friday, September 1st. They set a “neutral” rating and a $17.00 target price for the company. Finally, Piper Jaffray Companies restated a “hold” rating and set a $16.50 target price on shares of Northfield Bancorp in a report on Thursday, August 3rd.
Northfield Bancorp (NFBK) opened at 17.20 on Tuesday. The company has a market cap of $778.33 million, a P/E ratio of 23.56 and a beta of 0.33. Northfield Bancorp has a 12-month low of $14.88 and a 12-month high of $20.59. The stock’s 50 day moving average is $16.22 and its 200-day moving average is $17.02.
Northfield Bancorp (NASDAQ:NFBK) last announced its earnings results on Wednesday, July 26th. The bank reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.03. Northfield Bancorp had a net margin of 24.13% and a return on equity of 4.93%. The business had revenue of $29.35 million during the quarter, compared to analysts’ expectations of $26.20 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. Analysts predict that Northfield Bancorp will post $0.74 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in NFBK. BlackRock Inc. boosted its holdings in Northfield Bancorp by 56,692.4% during the first quarter. BlackRock Inc. now owns 5,494,092 shares of the bank’s stock worth $99,003,000 after purchasing an additional 5,484,418 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Northfield Bancorp by 6.0% during the first quarter. Dimensional Fund Advisors LP now owns 3,086,317 shares of the bank’s stock worth $55,616,000 after acquiring an additional 175,468 shares in the last quarter. Vanguard Group Inc. raised its position in Northfield Bancorp by 4.6% during the first quarter. Vanguard Group Inc. now owns 3,846,694 shares of the bank’s stock worth $69,317,000 after acquiring an additional 167,713 shares in the last quarter. Citadel Advisors LLC raised its position in Northfield Bancorp by 218.2% during the first quarter. Citadel Advisors LLC now owns 134,960 shares of the bank’s stock worth $2,432,000 after acquiring an additional 92,547 shares in the last quarter. Finally, Credit Agricole S A bought a new stake in Northfield Bancorp during the first quarter worth $1,476,000. Institutional investors and hedge funds own 53.41% of the company’s stock.
About Northfield Bancorp
Northfield Bancorp, Inc is a holding company for Northfield Bank (the Bank). Northfield Bank’s principal business consists of originating commercial real estate loans and multifamily real estate loans, purchasing investment securities including mortgage-backed securities and corporate bonds, as well as depositing funds in other financial institutions.
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