Northfield Bancorp’s (NFBK) Hold Rating Reiterated at Piper Jaffray Companies
Northfield Bancorp (NASDAQ:NFBK)‘s stock had its “hold” rating reaffirmed by stock analysts at Piper Jaffray Companies in a report issued on Tuesday. They currently have a $18.00 price objective on the bank’s stock. Piper Jaffray Companies’ price objective points to a potential upside of 4.11% from the company’s previous close.
A number of other equities research analysts have also recently commented on NFBK. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $17.00 target price on shares of Northfield Bancorp in a research note on Tuesday, October 3rd. BidaskClub cut Northfield Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, January 5th.
Northfield Bancorp (NASDAQ NFBK) traded up $0.26 during midday trading on Tuesday, hitting $17.29. The stock had a trading volume of 152,716 shares, compared to its average volume of 100,852. Northfield Bancorp has a 52-week low of $15.35 and a 52-week high of $19.50. The stock has a market capitalization of $823.14, a PE ratio of 22.64, a P/E/G ratio of 2.50 and a beta of 0.08. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.17 and a current ratio of 1.17.
Northfield Bancorp (NASDAQ:NFBK) last released its earnings results on Wednesday, October 25th. The bank reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17. Northfield Bancorp had a return on equity of 4.97% and a net margin of 24.39%. The firm had revenue of $29.97 million for the quarter, compared to analysts’ expectations of $29.66 million. equities research analysts expect that Northfield Bancorp will post 0.73 earnings per share for the current year.
In other news, EVP Robin Lefkowitz sold 2,000 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $17.00, for a total value of $34,000.00. Following the sale, the executive vice president now directly owns 30,433 shares of the company’s stock, valued at $517,361. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 9.34% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NFBK. BlackRock Inc. boosted its position in shares of Northfield Bancorp by 0.5% during the second quarter. BlackRock Inc. now owns 5,519,013 shares of the bank’s stock valued at $94,653,000 after buying an additional 24,921 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Northfield Bancorp by 1.9% during the second quarter. Vanguard Group Inc. now owns 3,919,386 shares of the bank’s stock valued at $67,218,000 after buying an additional 72,692 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Northfield Bancorp by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 3,237,391 shares of the bank’s stock valued at $56,169,000 after buying an additional 42,437 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Northfield Bancorp by 3.2% during the second quarter. Renaissance Technologies LLC now owns 1,964,618 shares of the bank’s stock valued at $33,693,000 after buying an additional 61,350 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Northfield Bancorp by 3.1% during the second quarter. State Street Corp now owns 1,193,509 shares of the bank’s stock valued at $20,467,000 after buying an additional 36,329 shares during the last quarter. 53.07% of the stock is currently owned by hedge funds and other institutional investors.
Northfield Bancorp Company Profile
Northfield Bancorp, Inc is a holding company for Northfield Bank (the Bank). Northfield Bank’s principal business consists of originating commercial real estate loans and multifamily real estate loans, purchasing investment securities including mortgage-backed securities and corporate bonds, as well as depositing funds in other financial institutions.
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