Northfield Bancorp (NASDAQ:NFBK) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Northfield Bancorp, Inc. (NASDAQ:NFBK)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.32 and traded as high as $12.35. Northfield Bancorp shares last traded at $12.32, with a volume of 175,499 shares traded.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Keefe, Bruyette & Woods reduced their price target on Northfield Bancorp from $13.00 to $12.00 and set a “market perform” rating on the stock in a report on Tuesday, October 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Northfield Bancorp in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $13.00.

Northfield Bancorp Stock Up 1.4%

The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.31. The stock has a market cap of $514.98 million, a PE ratio of 12.70 and a beta of 0.84. The firm has a fifty day moving average of $11.66 and a 200 day moving average of $11.32.

Institutional Trading of Northfield Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position 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 buying an additional 1,426 shares during the period. Empowered Funds LLC increased its stake in Northfield Bancorp by 3.7% in the 1st quarter. Empowered Funds LLC now owns 133,823 shares of the bank’s stock valued at $1,460,000 after buying an additional 4,741 shares during the period. KLP Kapitalforvaltning AS increased its stake in shares of Northfield Bancorp by 301.1% during the second quarter. KLP Kapitalforvaltning AS now owns 36,900 shares of the bank’s stock worth $424,000 after acquiring an additional 27,700 shares during the period. Vanguard Personalized Indexing Management LLC purchased a new position in Northfield Bancorp during the second quarter worth about $138,000. Finally, Cullen Frost Bankers Inc. purchased a new position in Northfield Bancorp during the second 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.