Northfield Bancorp (NASDAQ:NFBK) Hits New 12-Month High – What’s Next?

Northfield Bancorp, Inc. (NASDAQ:NFBK) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $15.01 and last traded at $14.9010, with a volume of 121702 shares trading hands. The stock had previously closed at $14.66.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Weiss Ratings lowered shares of Northfield Bancorp from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. Wall Street Zen upgraded shares of Northfield Bancorp to a “hold” rating in a research report on Saturday, July 4th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $14.50.

Northfield Bancorp Stock Up 1.4%

The company’s 50-day moving average price is $14.45 and its 200 day moving average price is $13.57. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $620.55 million, a PE ratio of 123.83 and a beta of 0.71.

Northfield Bancorp (NASDAQ:NFBK) last posted its quarterly earnings data on Tuesday, April 21st. The bank reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $40.38 million for the quarter, compared to the consensus estimate of $40.60 million. Northfield Bancorp had a net margin of 1.77% and a return on equity of 6.75%.

Hedge Funds Weigh In On Northfield Bancorp

Institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its stake in shares of Northfield Bancorp by 133.1% in the first quarter. Royal Bank of Canada now owns 2,280 shares of the bank’s stock worth $30,000 after buying an additional 1,302 shares during the period. Signaturefd LLC raised its stake in Northfield Bancorp by 41.6% during the 4th quarter. Signaturefd LLC now owns 3,019 shares of the bank’s stock worth $35,000 after acquiring an additional 887 shares during the period. Russell Investments Group Ltd. raised its stake in Northfield Bancorp by 1,195.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,447 shares of the bank’s stock worth $41,000 after acquiring an additional 3,181 shares during the period. Quadrant Capital Group LLC purchased a new position in Northfield Bancorp during the third quarter valued at approximately $77,000. Finally, Cornerstone Planning Group LLC lifted its holdings in Northfield Bancorp by 30,922.6% during the fourth quarter. Cornerstone Planning Group LLC now owns 9,617 shares of the bank’s stock valued at $114,000 after purchasing an additional 9,586 shares in the last quarter. 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.