Shares of Northfield Bancorp, Inc. (NASDAQ:NFBK) have been given an average broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating.
Analysts have set a 1-year consensus price target of $17.50 for the company and are anticipating that the company will post $0.20 EPS for the current quarter, according to Zacks. Zacks has also assigned Northfield Bancorp an industry rank of 35 out of 265 based on the ratings given to its competitors.
Several equities analysts recently weighed in on NFBK shares. Piper Jaffray Companies reaffirmed a “hold” rating on shares of Northfield Bancorp in a research note on Friday, November 10th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $20.00 price objective on shares of Northfield Bancorp in a research note on Friday, December 22nd. BidaskClub downgraded Northfield Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. Finally, Zacks Investment Research raised Northfield Bancorp from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Tuesday, January 30th.
In other news, CEO Steven M. Klein sold 7,500 shares of Northfield Bancorp stock in a transaction on Monday, January 29th. The stock was sold at an average price of $17.06, for a total value of $127,950.00. Following the completion of the sale, the chief executive officer now owns 336,400 shares of the company’s stock, valued at $5,738,984. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Patrick E. Scura, Jr. sold 53,905 shares of Northfield Bancorp stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $15.68, for a total value of $845,230.40. Following the completion of the sale, the director now directly owns 80,043 shares of the company’s stock, valued at approximately $1,255,074.24. The disclosure for this sale can be found here. Insiders have sold 135,412 shares of company stock valued at $2,163,660 in the last three months. 9.34% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in the company. Voya Investment Management LLC grew its position in shares of Northfield Bancorp by 7.4% in the second quarter. Voya Investment Management LLC now owns 28,740 shares of the bank’s stock valued at $493,000 after purchasing an additional 1,970 shares during the period. Teachers Advisors LLC grew its position in shares of Northfield Bancorp by 3.5% in the second quarter. Teachers Advisors LLC now owns 100,254 shares of the bank’s stock valued at $1,719,000 after purchasing an additional 3,432 shares during the period. Legal & General Group Plc boosted its holdings in Northfield Bancorp by 4.4% in the third quarter. Legal & General Group Plc now owns 83,956 shares of the bank’s stock valued at $1,457,000 after acquiring an additional 3,561 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Northfield Bancorp by 1.2% in the third quarter. Principal Financial Group Inc. now owns 373,742 shares of the bank’s stock valued at $6,484,000 after acquiring an additional 4,426 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its holdings in Northfield Bancorp by 64.0% in the third quarter. Municipal Employees Retirement System of Michigan now owns 17,470 shares of the bank’s stock valued at $303,000 after acquiring an additional 6,820 shares during the last quarter. 53.54% of the stock is owned by institutional investors and hedge funds.
Northfield Bancorp (NFBK) traded up $0.19 during midday trading on Friday, reaching $16.22. The company had a trading volume of 195,110 shares, compared to its average volume of 110,768. Northfield Bancorp has a 12-month low of $15.27 and a 12-month high of $19.25. The stock has a market cap of $782.33, a P/E ratio of 31.19, a P/E/G ratio of 2.49 and a beta of 0.29. The company has a quick ratio of 1.17, a current ratio of 1.11 and a debt-to-equity ratio of 0.73.
Northfield Bancorp (NASDAQ:NFBK) last released its quarterly earnings data on Wednesday, January 24th. The bank reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. Northfield Bancorp had a return on equity of 5.03% and a net margin of 17.14%. The firm had revenue of $30.40 million during the quarter, compared to the consensus estimate of $30.67 million. During the same period last year, the business posted $0.18 EPS. equities research analysts anticipate that Northfield Bancorp will post 0.81 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 21st. Shareholders of record on Wednesday, February 7th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend is Tuesday, February 6th. Northfield Bancorp’s payout ratio is 76.92%.
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About Northfield Bancorp
Northfield Bancorp, Inc is a holding company for Northfield Bank (the Bank). Northfield Bank’s principal business consists of originating commercial real estate loans and multifamily real estate loans, purchasing investment securities including mortgage-backed securities and corporate bonds, as well as depositing funds in other financial institutions.
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