Northfield Bancorp (NASDAQ:NFBK) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Northfield Bancorp, Inc. (NASDAQ:NFBK)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.48 and traded as high as $13.73. Northfield Bancorp shares last traded at $13.59, with a volume of 310,779 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NFBK. Keefe, Bruyette & Woods lifted their price target on Northfield Bancorp from $12.00 to $14.50 and gave the company a “hold” rating in a research report on Friday, February 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Northfield Bancorp in a research report on Monday, December 29th. Finally, New Street Research set a $14.50 price target on shares of Northfield Bancorp in a report on Friday, February 6th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $14.33.

Northfield Bancorp Stock Down 0.6%

The business’s 50 day simple moving average is $12.20 and its 200 day simple moving average is $11.49. The company has a market capitalization of $568.06 million, a PE ratio of 1,359.00 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 (NASDAQ:NFBK) last released its quarterly earnings results on Tuesday, February 3rd. The bank reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.06. Northfield Bancorp had a net margin of 0.30% and a return on equity of 5.91%. The business had revenue of $78.01 million for the quarter, compared to analyst estimates of $39.48 million. As a group, analysts forecast that Northfield Bancorp, Inc. will post 0.82 EPS for the current year.

Northfield Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Thursday, February 12th will be issued a dividend of $0.13 per share. The ex-dividend date is Thursday, February 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.8%. Northfield Bancorp’s payout ratio is currently 5,200.00%.

Institutional Investors Weigh In On Northfield Bancorp

Several hedge funds have recently bought and sold shares of NFBK. Arrowstreet Capital Limited Partnership increased its holdings in shares of Northfield Bancorp by 17.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 699,647 shares of the bank’s stock valued at $8,256,000 after purchasing an additional 101,770 shares during the period. Hillsdale Investment Management Inc. increased its stake in Northfield Bancorp by 1.3% in the 4th quarter. Hillsdale Investment Management Inc. now owns 540,020 shares of the bank’s stock valued at $6,172,000 after buying an additional 7,100 shares during the period. Goldman Sachs Group Inc. lifted its position in Northfield Bancorp by 19.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 326,288 shares of the bank’s stock worth $3,729,000 after buying an additional 52,638 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Northfield Bancorp by 181.9% during the 3rd quarter. Bank of America Corp DE now owns 296,137 shares of the bank’s stock valued at $3,494,000 after buying an additional 191,079 shares during the period. Finally, Bridgeway Capital Management LLC grew its holdings in shares of Northfield Bancorp by 7.7% during the 3rd quarter. Bridgeway Capital Management LLC now owns 268,071 shares of the bank’s stock valued at $3,163,000 after acquiring an additional 19,126 shares in the last quarter. 65.51% of the stock is owned by hedge funds and other 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.