Northfield Bancorp (NASDAQ:NFBK) Stock Passes Above 200 Day Moving Average – Should You Sell?

Northfield Bancorp, Inc. (NASDAQ:NFBK) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.79 and traded as high as $13.29. Northfield Bancorp shares last traded at $13.00, with a volume of 419,655 shares.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Northfield Bancorp from $12.00 to $14.50 and gave the stock a “hold” rating in a research report on Friday, February 6th. New Street Research set a $14.50 target price on shares of Northfield Bancorp in a research report on Friday, February 6th. Finally, Weiss Ratings cut shares of Northfield Bancorp from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, March 4th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $14.33.

Northfield Bancorp Price Performance

The stock has a market capitalization of $545.39 million, a P/E ratio of 1,306.00 and a beta of 0.82. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.99 and a quick ratio of 0.99. The company’s 50-day simple moving average is $12.77 and its 200-day simple moving average is $11.80.

Northfield Bancorp (NASDAQ:NFBK) last released its quarterly earnings data on Tuesday, February 3rd. The bank reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.06. The company had revenue of $78.01 million for the quarter, compared to analyst estimates of $39.48 million. Northfield Bancorp had a net margin of 0.30% and a return on equity of 5.91%. As a group, sell-side analysts expect that Northfield Bancorp, Inc. will post 0.82 EPS for the current fiscal year.

Northfield Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Thursday, February 12th were given a $0.13 dividend. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $0.52 annualized dividend and a dividend yield of 4.0%. Northfield Bancorp’s dividend payout ratio is presently 5,200.00%.

Institutional Trading of Northfield Bancorp

Several institutional investors have recently added to or reduced their stakes in NFBK. Signaturefd LLC lifted its holdings in shares of Northfield Bancorp by 41.6% during the fourth quarter. Signaturefd LLC now owns 3,019 shares of the bank’s stock worth $35,000 after buying an additional 887 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Northfield Bancorp by 1,195.9% during the third quarter. Russell Investments Group Ltd. now owns 3,447 shares of the bank’s stock worth $41,000 after acquiring an additional 3,181 shares in the last quarter. Quadrant Capital Group LLC bought a new position in shares of Northfield Bancorp in the third quarter worth about $77,000. Cornerstone Planning Group LLC boosted its stake in shares of Northfield Bancorp by 30,922.6% in the 4th quarter. Cornerstone Planning Group LLC now owns 9,617 shares of the bank’s stock valued at $114,000 after purchasing an additional 9,586 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Northfield Bancorp during the 4th quarter valued at approximately $125,000. 65.51% of the stock is currently owned by institutional investors.

About Northfield Bancorp

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.