Northfield Bancorp (NASDAQ:NFBK) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Northfield Bancorp, Inc. (NASDAQ:NFBK) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.31 and traded as high as $11.71. Northfield Bancorp shares last traded at $11.61, with a volume of 107,792 shares changing hands.

Analysts Set New Price Targets

A number of research firms recently commented on NFBK. Keefe, Bruyette & Woods reduced their price objective on Northfield Bancorp from $13.00 to $12.00 and set a “market perform” rating for the company in a research report on Tuesday, October 28th. Weiss Ratings restated a “hold (c)” rating on shares of Northfield Bancorp in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $13.00.

Northfield Bancorp Stock Performance

The firm’s 50-day moving average price is $11.18 and its 200-day moving average price is $11.31. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market cap of $481.12 million, a P/E ratio of 12.65 and a beta of 0.84.

Northfield Bancorp (NASDAQ:NFBK) last posted its earnings results on Thursday, October 23rd. The bank reported $0.27 EPS for the quarter, meeting analysts’ consensus estimates of $0.27. Northfield Bancorp had a return on equity of 5.20% and a net margin of 14.92%.The firm had revenue of $39.24 million during the quarter, compared to the consensus estimate of $39.10 million. Sell-side analysts expect that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current fiscal year.

Northfield Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Wednesday, November 5th were issued a $0.13 dividend. The ex-dividend date was Wednesday, November 5th. This represents a $0.52 annualized dividend and a dividend yield of 4.5%. Northfield Bancorp’s payout ratio is currently 53.61%.

Hedge Funds Weigh In On Northfield Bancorp

A number of large investors have recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. bought a new position in shares of Northfield Bancorp during the 2nd quarter worth approximately $31,000. Russell Investments Group Ltd. grew its holdings in Northfield Bancorp by 1,195.9% in the third quarter. Russell Investments Group Ltd. now owns 3,447 shares of the bank’s stock worth $41,000 after purchasing an additional 3,181 shares during the last quarter. Quadrant Capital Group LLC acquired a new position in shares of Northfield Bancorp during the third quarter worth $77,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Northfield Bancorp during the second quarter worth $138,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of Northfield Bancorp during the 3rd quarter valued at $143,000. 65.51% of the stock is currently owned by institutional investors.

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.