Shares of Northfield Bancorp Inc (NASDAQ:NFBK) have received an average recommendation of “Hold” from the seven research firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $17.25.

Several equities research analysts have recently weighed in on NFBK shares. BidaskClub raised Northfield Bancorp from a “strong sell” rating to a “sell” rating in a report on Thursday, October 11th. ValuEngine downgraded Northfield Bancorp from a “hold” rating to a “sell” rating in a report on Monday, September 24th. Zacks Investment Research raised Northfield Bancorp from a “sell” rating to a “hold” rating in a report on Friday, August 10th. Finally, Keefe, Bruyette & Woods reissued a “neutral” rating on shares of Northfield Bancorp in a report on Thursday, August 9th.

In related news, EVP Robin Lefkowitz sold 2,000 shares of the stock in a transaction on Monday, November 12th. The stock was sold at an average price of $13.75, for a total transaction of $27,500.00. Following the completion of the sale, the executive vice president now directly owns 27,240 shares of the company’s stock, valued at $374,550. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Annette Catino purchased 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 31st. The shares were bought at an average cost of $13.20 per share, with a total value of $79,200.00. Following the completion of the acquisition, the director now owns 239,930 shares of the company’s stock, valued at $3,167,076. The disclosure for this purchase can be found here. 9.34% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of NFBK. Sei Investments Co. lifted its holdings in shares of Northfield Bancorp by 4,853.1% during the second quarter. Sei Investments Co. now owns 6,439 shares of the bank’s stock worth $107,000 after purchasing an additional 6,309 shares during the period. Bank of Montreal Can lifted its holdings in shares of Northfield Bancorp by 70.2% during the second quarter. Bank of Montreal Can now owns 7,386 shares of the bank’s stock worth $122,000 after purchasing an additional 3,046 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Northfield Bancorp during the second quarter worth $179,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Northfield Bancorp during the third quarter worth $179,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in shares of Northfield Bancorp during the second quarter worth $180,000. 56.79% of the stock is owned by hedge funds and other institutional investors.

NFBK traded down $0.01 on Friday, reaching $13.51. The company’s stock had a trading volume of 76,300 shares, compared to its average volume of 88,961. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $669.32 million, a price-to-earnings ratio of 18.51, a price-to-earnings-growth ratio of 2.01 and a beta of 0.62. Northfield Bancorp has a fifty-two week low of $12.92 and a fifty-two week high of $18.05.

Northfield Bancorp (NASDAQ:NFBK) last posted its quarterly earnings data on Wednesday, October 24th. The bank reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.02). The firm had revenue of $30.56 million during the quarter, compared to analyst estimates of $30.39 million. Northfield Bancorp had a net margin of 18.59% and a return on equity of 5.87%. On average, equities analysts anticipate that Northfield Bancorp will post 0.84 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Stockholders of record on Wednesday, November 7th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.96%. The ex-dividend date was Tuesday, November 6th. Northfield Bancorp’s payout ratio is currently 54.79%.

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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