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.

WARNING: “Keefe, Bruyette & Woods Reaffirms “Hold” Rating for Northfield Bancorp, Inc. (NFBK)” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another publication, it was stolen and republished in violation of United States & international trademark and copyright laws. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/10/03/keefe-bruyette-woods-reaffirms-hold-rating-for-northfield-bancorp-inc-nfbk.html.

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.