Northfield Bancorp (NASDAQ:NFBK) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Northfield Bancorp, Inc. (NASDAQ:NFBK)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.79 and traded as high as $13.29. Northfield Bancorp shares last traded at $13.00, with a volume of 419,655 shares changing hands.

Wall Street Analyst Weigh In

NFBK has been the subject of several research reports. New Street Research set a $14.50 target price on shares of Northfield Bancorp in a research report on Friday, February 6th. Weiss Ratings downgraded Northfield Bancorp from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, March 4th. Finally, Keefe, Bruyette & Woods lifted their price target on Northfield Bancorp from $12.00 to $14.50 and gave the stock a “hold” rating in a research note on Friday, February 6th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $14.33.

Northfield Bancorp Price Performance

The stock has a market capitalization of $542.88 million, a PE ratio of 1,300.00 and a beta of 0.82. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.99 and a quick ratio of 0.99. The firm’s 50 day simple moving average is $12.71 and its 200 day simple moving average is $11.79.

Northfield Bancorp (NASDAQ:NFBK) last announced its quarterly earnings data on Tuesday, February 3rd. The bank reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.06. Northfield Bancorp had a net margin of 0.30% and a return on equity of 5.91%. The company had revenue of $78.01 million during the quarter, compared to analysts’ expectations of $39.48 million. As a group, equities analysts forecast that Northfield Bancorp, Inc. will post 0.82 EPS for the current fiscal year.

Northfield Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Thursday, February 12th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 4.0%. The ex-dividend date was Thursday, February 12th. Northfield Bancorp’s dividend payout ratio is presently 5,200.00%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Signaturefd LLC boosted its holdings in Northfield Bancorp by 41.6% during the 4th quarter. Signaturefd LLC now owns 3,019 shares of the bank’s stock valued at $35,000 after acquiring an additional 887 shares during the period. MetLife Investment Management LLC increased its stake in Northfield Bancorp by 4.9% in the 4th quarter. MetLife Investment Management LLC now owns 19,613 shares of the bank’s stock worth $224,000 after purchasing an additional 918 shares during the period. Russell Investments Group Ltd. lifted its position in Northfield Bancorp by 29.9% in the fourth quarter. Russell Investments Group Ltd. now owns 4,479 shares of the bank’s stock valued at $51,000 after purchasing an additional 1,032 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Northfield Bancorp by 8.3% in the second quarter. The Manufacturers Life Insurance Company now owns 15,129 shares of the bank’s stock valued at $174,000 after purchasing an additional 1,164 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Northfield Bancorp by 6.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,012 shares of the bank’s stock valued at $251,000 after purchasing an additional 1,426 shares during the period. Hedge funds and other institutional investors 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.