Northfield Bancorp Inc (NFBK) Receives Average Rating of “Hold” from Analysts

Shares of Northfield Bancorp Inc (NASDAQ:NFBK) have earned a consensus rating of “Hold” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $17.50.

A number of equities research analysts recently issued reports on NFBK shares. TheStreet downgraded Northfield Bancorp from a “b” rating to a “c+” rating in a research report on Monday, April 9th. BidaskClub downgraded Northfield Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, May 16th. ValuEngine downgraded Northfield Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Zacks Investment Research downgraded Northfield Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, February 24th.

In other Northfield Bancorp news, EVP Kenneth J. Doherty sold 19,849 shares of the firm’s stock in a transaction on Monday, May 14th. The stock was sold at an average price of $15.95, for a total value of $316,591.55. Following the sale, the executive vice president now owns 198,742 shares of the company’s stock, valued at approximately $3,169,934.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Steven M. Klein sold 10,747 shares of the firm’s stock in a transaction on Monday, April 30th. The shares were sold at an average price of $16.02, for a total value of $172,166.94. Following the completion of the sale, the chief executive officer now directly owns 307,776 shares in the company, valued at approximately $4,930,571.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 124,726 shares of company stock worth $2,027,908. Company insiders own 9.34% of the company’s stock.

Several hedge funds have recently modified their holdings of NFBK. SG Americas Securities LLC acquired a new stake in shares of Northfield Bancorp in the 1st quarter valued at $126,000. RMB Capital Management LLC bought a new position in shares of Northfield Bancorp in the 1st quarter valued at $156,000. Barclays PLC lifted its stake in shares of Northfield Bancorp by 99.3% in the 1st quarter. Barclays PLC now owns 13,612 shares of the bank’s stock valued at $212,000 after acquiring an additional 6,783 shares during the last quarter. Teacher Retirement System of Texas bought a new position in shares of Northfield Bancorp in the 4th quarter valued at $260,000. Finally, Aperio Group LLC lifted its stake in shares of Northfield Bancorp by 29.1% in the 1st quarter. Aperio Group LLC now owns 17,563 shares of the bank’s stock valued at $274,000 after acquiring an additional 3,957 shares during the last quarter. 55.03% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:NFBK traded up $0.21 during trading hours on Friday, reaching $16.58. 250,536 shares of the company were exchanged, compared to its average volume of 96,607. The company has a market capitalization of $804.29 million, a P/E ratio of 22.71, a P/E/G ratio of 2.45 and a beta of 0.36. Northfield Bancorp has a 1-year low of $15.14 and a 1-year high of $18.39. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.08 and a quick ratio of 1.08.

Northfield Bancorp (NASDAQ:NFBK) last issued its quarterly earnings results on Wednesday, April 25th. The bank reported $0.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.02. The business had revenue of $29.95 million for the quarter, compared to the consensus estimate of $29.87 million. Northfield Bancorp had a return on equity of 5.43% and a net margin of 17.38%. sell-side analysts anticipate that Northfield Bancorp will post 0.84 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 23rd. Shareholders of record on Wednesday, May 9th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was Tuesday, May 8th. Northfield Bancorp’s dividend payout ratio is presently 54.79%.

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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