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

Northfield Bancorp, Inc. (NASDAQ:NFBK)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.31 and traded as high as $11.71. Northfield Bancorp shares last traded at $11.61, with a volume of 107,792 shares.

Wall Street Analysts Forecast Growth

NFBK has been the subject of a number of recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Northfield Bancorp in a report on Monday, December 29th. Keefe, Bruyette & Woods dropped their price target on shares of Northfield Bancorp from $13.00 to $12.00 and set a “market perform” rating for the company in a research report on Tuesday, October 28th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $13.00.

Northfield Bancorp Stock Performance

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 company has a market cap of $485.31 million, a P/E ratio of 11.97 and a beta of 0.84. The company has a 50 day moving average price of $11.15 and a 200-day moving average price of $11.31.

Northfield Bancorp (NASDAQ:NFBK) last released its quarterly earnings data on Thursday, October 23rd. The bank reported $0.27 earnings per share for the quarter, meeting the consensus estimate of $0.27. The business had revenue of $39.24 million for the quarter, compared to analyst estimates of $39.10 million. Northfield Bancorp had a return on equity of 5.20% and a net margin of 14.92%. On average, equities analysts expect that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current fiscal year.

Northfield Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Wednesday, November 5th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, November 5th. This represents a $0.52 annualized dividend and a dividend yield of 4.5%. Northfield Bancorp’s payout ratio is 53.61%.

Institutional Trading of Northfield Bancorp

A number of hedge funds have recently added to or reduced their stakes in NFBK. The Manufacturers Life Insurance Company grew its stake in shares of Northfield Bancorp by 8.3% during the second quarter. The Manufacturers Life Insurance Company now owns 15,129 shares of the bank’s stock worth $174,000 after buying an additional 1,164 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Northfield Bancorp by 6.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,012 shares of the bank’s stock valued at $251,000 after acquiring an additional 1,426 shares in the last quarter. Occudo Quantitative Strategies LP grew its position in Northfield Bancorp by 7.2% during the 2nd quarter. Occudo Quantitative Strategies LP now owns 24,129 shares of the bank’s stock worth $277,000 after acquiring an additional 1,619 shares during the last quarter. AlphaQuest LLC increased its holdings in Northfield Bancorp by 11.3% in the 2nd quarter. AlphaQuest LLC now owns 18,111 shares of the bank’s stock worth $208,000 after purchasing an additional 1,841 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in Northfield Bancorp by 6.5% in the 2nd quarter. First Trust Advisors LP now owns 30,623 shares of the bank’s stock worth $352,000 after purchasing an additional 1,880 shares in the last quarter. Institutional investors and hedge funds own 65.51% of the company’s stock.

Northfield Bancorp Company Profile

Northfield Bancorp is the bank holding company for Northfield Bank, a New Jersey‐based community bank offering a full range of financial products and services. Headquartered in New Jersey, the company serves individuals, families and small to mid‐sized businesses across Northern and Central New Jersey. Northfield Bancorp focuses on building lasting customer relationships through a combination of personalized service and technology‐driven solutions.

Through its subsidiary, Northfield Bank provides personal banking services such as checking and savings accounts, consumer loans, mortgage products and home equity lines of credit.