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

Northfield Bancorp, Inc. (NASDAQ:NFBK) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.48 and traded as high as $13.73. Northfield Bancorp shares last traded at $13.59, with a volume of 310,779 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NFBK. Weiss Ratings reissued a “hold (c)” rating on shares of Northfield Bancorp in a research report on Monday, December 29th. Keefe, Bruyette & Woods increased their price target on Northfield Bancorp from $12.00 to $14.50 and gave the stock a “hold” rating in a report on Friday, February 6th. Finally, New Street Research set a $14.50 price objective on Northfield Bancorp in a report on Friday, February 6th. One 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 a consensus rating of “Hold” and a consensus target price of $14.33.

Northfield Bancorp Stock Performance

The firm has a 50 day moving average of $12.20 and a 200-day moving average of $11.48. The company has a market cap of $568.06 million, a P/E ratio of 1,359.00 and a beta of 0.85. The company has a quick ratio of 1.00, a current ratio of 0.99 and a debt-to-equity ratio of 1.39.

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

Northfield Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Thursday, February 12th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $0.52 dividend on an annualized basis and a yield of 3.8%. Northfield Bancorp’s dividend payout ratio is 5,200.00%.

Institutional Investors Weigh In On Northfield Bancorp

Large investors have recently modified their holdings of the business. Signaturefd LLC lifted its position in shares of Northfield Bancorp by 41.6% in the 4th quarter. Signaturefd LLC now owns 3,019 shares of the bank’s stock worth $35,000 after purchasing an additional 887 shares during the period. MetLife Investment Management LLC lifted its holdings in Northfield Bancorp by 4.9% during the fourth quarter. MetLife Investment Management LLC now owns 19,613 shares of the bank’s stock worth $224,000 after buying an additional 918 shares during the period. The Manufacturers Life Insurance Company boosted its position in Northfield Bancorp by 8.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,129 shares of the bank’s stock valued at $174,000 after acquiring an additional 1,164 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in 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. Finally, Occudo Quantitative Strategies LP increased its holdings in shares of Northfield Bancorp by 7.2% in the 2nd quarter. Occudo Quantitative Strategies LP now owns 24,129 shares of the bank’s stock valued at $277,000 after acquiring an additional 1,619 shares during the period. 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.