Northfield Bancorp (NASDAQ:NFBK) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

Several other analysts also recently commented on the stock. ValuEngine upgraded shares of Northfield Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, December 11th. Zacks Investment Research downgraded shares of Northfield Bancorp from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 1st. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $17.67.

Shares of Northfield Bancorp stock traded up $0.19 during trading hours on Wednesday, hitting $14.23. The company had a trading volume of 135,400 shares, compared to its average volume of 117,864. Northfield Bancorp has a twelve month low of $12.76 and a twelve month high of $17.42. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.67. The stock has a market cap of $689.14 million, a price-to-earnings ratio of 19.49, a PEG ratio of 2.20 and a beta of 0.59.

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

In other news, Director Annette Catino acquired 6,000 shares of the business’s stock in a transaction on Wednesday, October 31st. The stock was bought at an average price of $13.20 per share, for a total transaction of $79,200.00. Following the transaction, the director now owns 239,930 shares in the company, valued at $3,167,076. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Tara L. French acquired 2,500 shares of the business’s stock in a transaction on Friday, November 9th. The shares were purchased at an average price of $13.70 per share, with a total value of $34,250.00. Following the transaction, the executive vice president now owns 7,500 shares in the company, valued at approximately $102,750. The disclosure for this purchase can be found here. 9.20% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its position in Northfield Bancorp by 4.1% during the 3rd quarter. BlackRock Inc. now owns 6,667,399 shares of the bank’s stock worth $106,145,000 after buying an additional 264,939 shares during the last quarter. Vanguard Group Inc. raised its position in Northfield Bancorp by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 4,538,643 shares of the bank’s stock worth $72,254,000 after buying an additional 139,919 shares during the last quarter. Vanguard Group Inc raised its position in Northfield Bancorp by 3.2% during the 3rd quarter. Vanguard Group Inc now owns 4,538,643 shares of the bank’s stock worth $72,254,000 after buying an additional 139,919 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Northfield Bancorp by 2.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,630,949 shares of the bank’s stock worth $57,804,000 after buying an additional 88,521 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in Northfield Bancorp by 1.1% during the 3rd quarter. Renaissance Technologies LLC now owns 2,093,268 shares of the bank’s stock worth $33,325,000 after buying an additional 23,450 shares during the last quarter. Institutional investors own 56.76% of the company’s stock.

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.

See Also: Price to Earnings Ratio (PE), For Valuing Stocks

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