Northfield Bancorp Inc (NASDAQ:NFBK) has received a consensus recommendation of “Hold” from the seven ratings firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $17.25.
A number of analysts have weighed in on NFBK shares. Zacks Investment Research raised shares of Northfield Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, July 10th. ValuEngine cut shares of Northfield Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, July 30th. Keefe, Bruyette & Woods reissued a “neutral” rating on shares of Northfield Bancorp in a research note on Thursday, August 9th. Finally, BidaskClub cut shares of Northfield Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, August 30th.
In related news, EVP Robin Lefkowitz sold 2,000 shares of the business’s stock in a transaction on Monday, August 13th. The shares were sold at an average price of $16.30, for a total value of $32,600.00. Following the transaction, the executive vice president now owns 24,670 shares in the company, valued at $402,121. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director John P. Connors, Jr. sold 2,500 shares of the business’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $16.05, for a total transaction of $40,125.00. Following the completion of the transaction, the director now owns 104,603 shares in the company, valued at approximately $1,678,878.15. The disclosure for this sale can be found here. In the last three months, insiders sold 10,231 shares of company stock worth $166,840. 9.20% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP lifted its holdings in Northfield Bancorp by 21.5% in the second quarter. First Trust Advisors LP now owns 69,449 shares of the bank’s stock valued at $1,154,000 after buying an additional 12,287 shares during the period. Legal & General Group Plc raised its holdings in shares of Northfield Bancorp by 7.2% during the second quarter. Legal & General Group Plc now owns 91,952 shares of the bank’s stock valued at $1,528,000 after purchasing an additional 6,203 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in shares of Northfield Bancorp by 5.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 248,583 shares of the bank’s stock valued at $4,132,000 after purchasing an additional 13,377 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Northfield Bancorp by 3.0% during the first quarter. Principal Financial Group Inc. now owns 370,044 shares of the bank’s stock valued at $5,776,000 after purchasing an additional 10,944 shares during the period. Finally, Bank of Montreal Can raised its holdings in shares of Northfield Bancorp by 70.2% during the second quarter. Bank of Montreal Can now owns 7,386 shares of the bank’s stock valued at $122,000 after purchasing an additional 3,046 shares during the period. Institutional investors and hedge funds own 55.12% of the company’s stock.
NASDAQ NFBK opened at $13.36 on Tuesday. The firm has a market cap of $674.09 million, a price-to-earnings ratio of 18.30, a P/E/G ratio of 2.03 and a beta of 0.60. Northfield Bancorp has a fifty-two week low of $12.92 and a fifty-two week high of $18.39. The company has a current ratio of 1.03, a quick ratio of 1.09 and a debt-to-equity ratio of 0.67.
Northfield Bancorp (NASDAQ:NFBK) last posted its earnings results on Wednesday, October 24th. The bank reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). The company had revenue of $30.56 million for the quarter, compared to the consensus estimate of $30.39 million. Northfield Bancorp had a return on equity of 5.87% and a net margin of 18.59%. As a group, sell-side analysts predict that Northfield Bancorp will post 0.84 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Wednesday, November 7th will be paid a $0.10 dividend. The ex-dividend date is Tuesday, November 6th. This represents a $0.40 annualized dividend and a dividend yield of 2.99%. Northfield Bancorp’s dividend payout ratio is 54.79%.
About Northfield Bancorp
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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