Northfield Bancorp (NASDAQ:NFBK) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Northfield Bancorp, Inc. (NASDAQ:NFBK) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.84 and traded as high as $13.25. Northfield Bancorp shares last traded at $13.06, with a volume of 372,625 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NFBK shares. Keefe, Bruyette & Woods raised their price objective on Northfield Bancorp from $12.00 to $14.50 and gave the stock a “hold” rating in a research note on Friday, February 6th. Weiss Ratings lowered shares of Northfield Bancorp from a “hold (c)” rating to a “sell (d+)” rating in a research note on Wednesday, March 4th. Finally, New Street Research set a $14.50 target price on shares of Northfield Bancorp in a report on Friday, February 6th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $14.33.

Northfield Bancorp Stock Down 1.1%

The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.39. The firm’s 50-day moving average price is $12.91 and its 200 day moving average price is $11.84. The firm has a market cap of $545.39 million, a P/E ratio of 1,306.00 and a beta of 0.82.

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

Northfield Bancorp Dividend Announcement

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

Hedge Funds Weigh In On Northfield Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NFBK. Hillsdale Investment Management Inc. raised its stake in Northfield Bancorp by 156.8% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 532,920 shares of the bank’s stock valued at $6,288,000 after acquiring an additional 325,400 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Northfield Bancorp by 94.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 597,877 shares of the bank’s stock worth $6,864,000 after purchasing an additional 290,030 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Northfield Bancorp by 181.9% in the third quarter. Bank of America Corp DE now owns 296,137 shares of the bank’s stock worth $3,494,000 after purchasing an additional 191,079 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Northfield Bancorp during the third quarter valued at $1,941,000. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of Northfield Bancorp by 99.4% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 218,707 shares of the bank’s stock valued at $2,500,000 after purchasing an additional 109,012 shares during the period. 65.51% of the stock is owned by institutional investors.

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.