Northfield Bancorp (NASDAQ:NFBK) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Northfield Bancorp, Inc. (NASDAQ:NFBK)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.32 and traded as high as $12.35. Northfield Bancorp shares last traded at $12.32, with a volume of 175,499 shares.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NFBK. 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 objective on shares of Northfield Bancorp from $13.00 to $12.00 and set a “market perform” rating for the company in a report 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 stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $13.00.

Northfield Bancorp Stock Up 1.4%

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’s fifty day moving average price is $11.66 and its 200-day moving average price is $11.32. The company has a market cap of $514.98 million, a price-to-earnings ratio of 12.70 and a beta of 0.84.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Signaturefd LLC raised its stake in Northfield Bancorp by 41.6% during the fourth quarter. Signaturefd LLC now owns 3,019 shares of the bank’s stock worth $35,000 after acquiring an additional 887 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Northfield Bancorp by 12.8% during the 4th quarter. SG Americas Securities LLC now owns 16,668 shares of the bank’s stock valued at $191,000 after purchasing an additional 1,885 shares during the last quarter. CWA Asset Management Group LLC increased its position in Northfield Bancorp by 3.6% during the 4th quarter. CWA Asset Management Group LLC now owns 167,836 shares of the bank’s stock worth $1,918,000 after purchasing an additional 5,823 shares in the last quarter. Tudor Investment Corp ET AL acquired a new position in Northfield Bancorp during the 3rd quarter worth approximately $1,177,000. Finally, Jacobs Levy Equity Management Inc. lifted its stake in Northfield Bancorp by 3.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 201,990 shares of the bank’s stock valued at $2,383,000 after purchasing an additional 6,317 shares during 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.