Northfield Bancorp (NASDAQ:NFBK) Shares Pass Above 200 Day Moving Average – What’s Next?

Northfield Bancorp, Inc. (NASDAQ:NFBK)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.33 and traded as high as $11.37. Northfield Bancorp shares last traded at $11.36, with a volume of 140,211 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Keefe, Bruyette & Woods lowered their price objective on Northfield Bancorp from $12.50 to $12.00 and set a “market perform” rating for the company in a research note on Tuesday, April 29th. Piper Sandler raised Northfield Bancorp from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $13.00 to $14.00 in a research report on Friday, May 2nd.

Northfield Bancorp Stock Performance

The firm has a market capitalization of $480.01 million, a PE ratio of 14.82 and a beta of 0.78. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.08. The company has a 50-day moving average of $11.73 and a 200 day moving average of $11.33.

Northfield Bancorp (NASDAQ:NFBK) last issued its quarterly earnings results on Wednesday, July 23rd. The bank reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.02. The firm had revenue of $33.21 million during the quarter, compared to analyst estimates of $34.25 million. Northfield Bancorp had a return on equity of 4.34% and a net margin of 12.35%. Equities research analysts predict that Northfield Bancorp, Inc. will post 0.82 EPS for the current year.

Insider Buying and Selling

In other news, Director Frank P. Patafio sold 5,000 shares of the stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $10.13, for a total value of $50,650.00. Following the completion of the transaction, the director owned 147,938 shares of the company’s stock, valued at approximately $1,498,611.94. This represents a 3.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.95% of the stock is owned by insiders.

Institutional Investors Weigh In On Northfield Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the company. Squarepoint Ops LLC grew its holdings in shares of Northfield Bancorp by 211.2% in the fourth quarter. Squarepoint Ops LLC now owns 36,976 shares of the bank’s stock worth $430,000 after acquiring an additional 25,095 shares during the period. SG Americas Securities LLC boosted its position in shares of Northfield Bancorp by 156.1% in the first quarter. SG Americas Securities LLC now owns 64,994 shares of the bank’s stock worth $709,000 after purchasing an additional 39,614 shares during the period. GAMMA Investing LLC boosted its stake in shares of Northfield Bancorp by 2,231.4% in the first quarter. GAMMA Investing LLC now owns 42,222 shares of the bank’s stock worth $461,000 after acquiring an additional 40,411 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Northfield Bancorp by 28.1% in the fourth quarter. JPMorgan Chase & Co. now owns 358,962 shares of the bank’s stock worth $4,171,000 after acquiring an additional 78,843 shares during the period. Finally, Jane Street Group LLC boosted its stake in Northfield Bancorp by 33.5% in the 4th quarter. Jane Street Group LLC now owns 174,424 shares of the bank’s stock worth $2,027,000 after purchasing an additional 43,814 shares during the period. Institutional investors own 65.51% of the company’s stock.

Northfield Bancorp Company Profile

Northfield Bancorp, Inc (Staten Island, NY) 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 certificates of deposit, passbook, statement, and money market savings accounts; transaction deposit accounts comprising negotiable orders of withdrawal accounts, and interest and non-interest-bearing checking accounts; and brokered deposits.