BidaskClub lowered shares of Northfield Bancorp (NASDAQ:NFBK) from a sell rating to a strong sell rating in a research note published on Wednesday.
Several other equities analysts have also recently weighed in on NFBK. Zacks Investment Research cut Northfield Bancorp from a buy rating to a hold rating in a report on Friday, February 2nd. TheStreet cut Northfield Bancorp from a b rating to a c+ rating in a report on Monday, April 9th. Sandler O’Neill restated a hold rating and issued a $16.50 price objective on shares of Northfield Bancorp in a report on Monday, March 26th. Keefe, Bruyette & Woods restated a hold rating and issued a $18.50 price objective on shares of Northfield Bancorp in a report on Tuesday, February 27th. Finally, Piper Jaffray restated a hold rating and issued a $18.00 price objective on shares of Northfield Bancorp in a report on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Northfield Bancorp presently has a consensus rating of Hold and a consensus price target of $17.80.
Shares of NASDAQ NFBK opened at $15.84 on Wednesday. The stock has a market capitalization of $772.28, a PE ratio of 21.70, a P/E/G ratio of 2.44 and a beta of 0.36. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.11 and a quick ratio of 1.11. Northfield Bancorp has a fifty-two week low of $15.14 and a fifty-two week high of $19.08.
Northfield Bancorp (NASDAQ:NFBK) last announced its quarterly earnings data on Wednesday, January 24th. The bank reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.02. The company had revenue of $30.40 million during the quarter, compared to analysts’ expectations of $30.67 million. Northfield Bancorp had a return on equity of 5.03% and a net margin of 17.14%. During the same quarter last year, the company earned $0.18 EPS. sell-side analysts forecast that Northfield Bancorp will post 0.81 EPS for the current fiscal year.
In related news, CEO Steven M. Klein sold 7,500 shares of Northfield Bancorp stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $17.06, for a total transaction of $127,950.00. Following the completion of the transaction, the chief executive officer now owns 336,400 shares in the company, valued at $5,738,984. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frank P. Patafio sold 5,000 shares of Northfield Bancorp stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $16.10, for a total value of $80,500.00. Following the transaction, the director now owns 192,274 shares of the company’s stock, valued at approximately $3,095,611.40. The disclosure for this sale can be found here. Insiders have sold 151,763 shares of company stock valued at $2,425,744 in the last quarter. 9.34% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. grew its holdings in Northfield Bancorp by 5.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 218,091 shares of the bank’s stock worth $3,784,000 after purchasing an additional 11,577 shares during the period. BlackRock Inc. grew its holdings in Northfield Bancorp by 2.1% during the fourth quarter. BlackRock Inc. now owns 5,817,669 shares of the bank’s stock worth $99,366,000 after purchasing an additional 120,290 shares during the period. Rhumbline Advisers grew its holdings in Northfield Bancorp by 9.9% during the fourth quarter. Rhumbline Advisers now owns 130,694 shares of the bank’s stock worth $2,232,000 after purchasing an additional 11,725 shares during the period. Arizona State Retirement System grew its holdings in Northfield Bancorp by 223.6% during the fourth quarter. Arizona State Retirement System now owns 78,047 shares of the bank’s stock worth $1,333,000 after purchasing an additional 53,932 shares during the period. Finally, Pinebridge Investments L.P. grew its holdings in Northfield Bancorp by 84.6% during the fourth quarter. Pinebridge Investments L.P. now owns 55,321 shares of the bank’s stock worth $945,000 after purchasing an additional 25,350 shares during the period. Institutional investors and hedge funds own 53.33% of the company’s stock.
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Northfield Bancorp Company Profile
Northfield Bancorp, Inc operates as the bank holding company for Northfield Bank that provides various banking products and services primarily to individuals and corporate customers. It accepts various deposits products, including transaction accounts comprising negotiable orders of withdrawal accounts and non-interest bearing checking accounts; savings accounts, such as money market, passbook, and statement savings; certificates of deposit consisting of individual retirement accounts; and brokered deposits.
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