Northfield Bancorp (NASDAQ:NFBK) Shares Cross Above 200 Day Moving Average – Should You Sell?

Northfield Bancorp, Inc. (NASDAQ:NFBK) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.30 and traded as high as $11.46. Northfield Bancorp shares last traded at $11.45, with a volume of 213,020 shares changing hands.

Wall Street Analyst Weigh In

NFBK has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Northfield Bancorp in a report on Friday, October 31st. Keefe, Bruyette & Woods lowered their target price on Northfield Bancorp from $13.00 to $12.00 and set a “market perform” rating for the company in a research note on Tuesday, October 28th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Northfield Bancorp presently has an average rating of “Hold” and a consensus target price of $13.00.

Northfield Bancorp Stock Performance

The stock’s 50 day moving average is $10.81 and its 200 day moving average is $11.30. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.31. The firm has a market cap of $478.61 million, a price-to-earnings ratio of 11.80 and a beta of 0.87.

Northfield Bancorp (NASDAQ:NFBK) last posted its earnings results on Thursday, October 23rd. The bank reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. The company had revenue of $39.24 million for the quarter, compared to the consensus estimate of $39.10 million. Northfield Bancorp had a return on equity of 5.20% and a net margin of 14.92%. Analysts anticipate that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current year.

Northfield Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 5th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Wednesday, November 5th. Northfield Bancorp’s dividend payout ratio is currently 53.61%.

Institutional Investors Weigh In On Northfield Bancorp

Institutional investors have recently modified their holdings of the business. Los Angeles Capital Management LLC acquired a new stake in shares of Northfield Bancorp in the second quarter valued at approximately $1,430,000. Trexquant Investment LP increased its stake in Northfield Bancorp by 66.2% during the 1st quarter. Trexquant Investment LP now owns 150,521 shares of the bank’s stock worth $1,642,000 after acquiring an additional 59,955 shares during the period. Nuveen LLC bought a new position in Northfield Bancorp during the 1st quarter worth $1,225,000. Vanguard Group Inc. raised its holdings in Northfield Bancorp by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 2,356,797 shares of the bank’s stock valued at $25,713,000 after acquiring an additional 84,883 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Northfield Bancorp by 32.4% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 116,035 shares of the bank’s stock valued at $1,266,000 after acquiring an additional 28,387 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.