Weiss Ratings Reiterates Hold (C-) Rating for Northfield Bancorp (NASDAQ:NFBK)

Northfield Bancorp (NASDAQ:NFBK)‘s stock had its “hold (c-)” rating reaffirmed by investment analysts at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

Separately, Keefe, Bruyette & Woods cut their target price on shares of Northfield Bancorp from $13.00 to $12.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 28th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Northfield Bancorp currently has an average rating of “Hold” and an average price target of $13.00.

Northfield Bancorp Stock Performance

Shares of Northfield Bancorp stock opened at $10.22 on Friday. Northfield Bancorp has a fifty-two week low of $9.40 and a fifty-two week high of $14.39. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $427.30 million, a P/E ratio of 10.54 and a beta of 0.85. The company’s 50 day moving average price is $11.42 and its two-hundred day moving average price is $11.35.

Northfield Bancorp (NASDAQ:NFBK) last issued its earnings results on Wednesday, October 22nd. The bank reported $0.27 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.27. Northfield Bancorp had a net margin of 14.92% and a return on equity of 5.20%. The firm had revenue of $39.24 million for the quarter, compared to analyst estimates of $39.10 million. On average, equities analysts forecast that Northfield Bancorp will post 0.82 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Northfield Bancorp

A number of hedge funds have recently modified their holdings of the business. Strs Ohio lifted its holdings in shares of Northfield Bancorp by 9.9% during the third quarter. Strs Ohio now owns 51,100 shares of the bank’s stock worth $603,000 after purchasing an additional 4,600 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Northfield Bancorp during the third quarter worth $255,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Northfield Bancorp during the third quarter worth $196,000. Campbell & CO Investment Adviser LLC lifted its holdings in shares of Northfield Bancorp by 115.3% during the third quarter. Campbell & CO Investment Adviser LLC now owns 41,955 shares of the bank’s stock worth $495,000 after purchasing an additional 22,467 shares during the period. Finally, CWA Asset Management Group LLC lifted its holdings in shares of Northfield Bancorp by 9.9% during the third quarter. CWA Asset Management Group LLC now owns 162,013 shares of the bank’s stock worth $1,912,000 after purchasing an additional 14,597 shares during the period. Institutional investors and hedge funds 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.