Keefe, Bruyette & Woods Reaffirms “Hold” Rating for Northfield Bancorp, Inc. (NFBK)
Northfield Bancorp, Inc. (NASDAQ:NFBK)‘s stock had its “hold” rating reissued by analysts at Keefe, Bruyette & Woods in a note issued to investors on Tuesday. They presently have a $17.00 price target on the bank’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential downside of 2.69% from the stock’s previous close.
Several other research firms have also commented on NFBK. DA Davidson assumed coverage on Northfield Bancorp in a research report on Friday, September 1st. They issued a “neutral” rating and a $17.00 price objective on the stock. Piper Jaffray Companies restated a “hold” rating and set a $16.50 price objective on shares of Northfield Bancorp in a research note on Thursday, August 3rd. Finally, BidaskClub downgraded Northfield Bancorp from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th.
Shares of Northfield Bancorp (NASDAQ:NFBK) traded down 0.85% during midday trading on Tuesday, reaching $17.47. The company’s stock had a trading volume of 197,296 shares. The firm’s 50 day moving average is $16.18 and its 200 day moving average is $17.02. The firm has a market capitalization of $790.55 million, a price-to-earnings ratio of 23.93 and a beta of 0.33. Northfield Bancorp has a 52 week low of $14.88 and a 52 week high of $20.59.
Northfield Bancorp (NASDAQ:NFBK) last posted its earnings results on Wednesday, July 26th. The bank reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.03. Northfield Bancorp had a net margin of 24.13% and a return on equity of 4.93%. The business had revenue of $29.35 million for the quarter, compared to analyst estimates of $26.20 million. During the same quarter in the previous year, the business posted $0.15 EPS. Equities analysts forecast that Northfield Bancorp will post $0.74 EPS for the current fiscal year.
A number of large investors have recently modified their holdings of the business. LS Investment Advisors LLC raised its stake in shares of Northfield Bancorp by 247.5% during the first quarter. LS Investment Advisors LLC now owns 5,539 shares of the bank’s stock valued at $100,000 after purchasing an additional 3,945 shares during the period. Sei Investments Co. lifted its position in shares of Northfield Bancorp by 6.0% during the first quarter. Sei Investments Co. now owns 8,144 shares of the bank’s stock worth $147,000 after purchasing an additional 462 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Northfield Bancorp by 80.1% during the second quarter. State of Alaska Department of Revenue now owns 8,969 shares of the bank’s stock worth $153,000 after purchasing an additional 3,989 shares in the last quarter. Moors & Cabot Inc. acquired a new position in shares of Northfield Bancorp during the second quarter worth $172,000. Finally, BNP Paribas Arbitrage SA lifted its position in shares of Northfield Bancorp by 1.5% during the first quarter. BNP Paribas Arbitrage SA now owns 9,918 shares of the bank’s stock worth $179,000 after purchasing an additional 142 shares in the last quarter. 53.41% of the stock is owned by institutional investors.
Northfield Bancorp Company Profile
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.
Receive News & Ratings for Northfield Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northfield Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.