Northfield Bancorp (NASDAQ:NFBK) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Thursday.
Several other equities research analysts have also commented on the stock. Zacks Investment Research raised shares of Northfield Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, August 10th. ValuEngine lowered shares of Northfield Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, September 24th. Finally, Keefe, Bruyette & Woods reissued a “neutral” rating on shares of Northfield Bancorp in a research note on Thursday, August 9th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Northfield Bancorp currently has a consensus rating of “Hold” and an average price target of $17.75.
Shares of NASDAQ NFBK opened at $14.33 on Thursday. Northfield Bancorp has a 1 year low of $14.24 and a 1 year high of $18.39. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market cap of $787.93 million, a P/E ratio of 19.63, a P/E/G ratio of 2.40 and a beta of 0.41.
Northfield Bancorp (NASDAQ:NFBK) last posted its quarterly earnings data on Friday, July 27th. The bank reported $0.23 EPS for the quarter, topping the consensus estimate of $0.21 by $0.02. Northfield Bancorp had a net margin of 18.48% and a return on equity of 5.75%. The business had revenue of $30.22 million for the quarter, compared to analyst estimates of $30.37 million. As a group, equities analysts predict that Northfield Bancorp will post 0.83 EPS for the current fiscal year.
In related news, EVP Robin Lefkowitz sold 2,231 shares of the business’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $16.30, for a total transaction of $36,365.30. Following the sale, the executive vice president now owns 29,240 shares of the company’s stock, valued at $476,612. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John P. Connors, Jr. sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $16.62, for a total transaction of $41,550.00. Following the completion of the transaction, the director now owns 107,103 shares in the company, valued at approximately $1,780,051.86. The disclosure for this sale can be found here. Insiders have sold 10,231 shares of company stock worth $166,840 in the last three months. 9.20% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. California Public Employees Retirement System lifted its stake in shares of Northfield Bancorp by 14.1% in the second quarter. California Public Employees Retirement System now owns 162,942 shares of the bank’s stock worth $2,708,000 after buying an additional 20,158 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Northfield Bancorp by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 3,542,428 shares of the bank’s stock worth $58,875,000 after buying an additional 115,381 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Northfield Bancorp by 7.2% in the second quarter. Legal & General Group Plc now owns 91,952 shares of the bank’s stock worth $1,528,000 after buying an additional 6,203 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Northfield Bancorp by 7.3% in the second quarter. BlackRock Inc. now owns 6,402,460 shares of the bank’s stock worth $106,409,000 after buying an additional 436,513 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Northfield Bancorp by 5.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 248,583 shares of the bank’s stock worth $4,132,000 after buying an additional 13,377 shares in the last quarter. Hedge funds and other institutional investors own 55.16% 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.
Further Reading: Stock Symbols and CUSIP Explained
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