Northfield Bancorp (NASDAQ:NFBK) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

Several other research firms have also recently weighed in on NFBK. Piper Jaffray Companies reiterated a “hold” rating on shares of Northfield Bancorp in a report on Friday, November 10th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $17.00 price objective on shares of Northfield Bancorp in a report on Tuesday, October 3rd.

Northfield Bancorp (NASDAQ:NFBK) traded up $0.08 on Friday, reaching $16.87. The company had a trading volume of 50,041 shares, compared to its average volume of 85,075. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.90. Northfield Bancorp has a fifty-two week low of $15.35 and a fifty-two week high of $20.00. The company has a market cap of $824.60, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 2.50 and a beta of 0.34.

Northfield Bancorp (NASDAQ:NFBK) last posted its quarterly earnings results on Wednesday, October 25th. The bank reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. Northfield Bancorp had a return on equity of 4.97% and a net margin of 24.39%. The business had revenue of $29.97 million for the quarter, compared to analyst estimates of $29.66 million. equities research analysts anticipate that Northfield Bancorp will post 0.73 EPS for the current fiscal year.

In other Northfield Bancorp news, EVP Robin Lefkowitz sold 2,000 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $17.00, for a total value of $34,000.00. Following the completion of the sale, the executive vice president now owns 30,433 shares in the company, valued at approximately $517,361. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 9.34% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NFBK. Sei Investments Co. lifted its holdings in Northfield Bancorp by 96.2% in the 2nd quarter. Sei Investments Co. now owns 15,982 shares of the bank’s stock worth $274,000 after buying an additional 7,838 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in Northfield Bancorp by 1.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 206,514 shares of the bank’s stock worth $3,542,000 after buying an additional 1,946 shares during the period. Arizona State Retirement System lifted its holdings in Northfield Bancorp by 0.9% in the 2nd quarter. Arizona State Retirement System now owns 23,715 shares of the bank’s stock worth $407,000 after buying an additional 200 shares during the period. Legal & General Group Plc lifted its holdings in Northfield Bancorp by 7.8% in the 2nd quarter. Legal & General Group Plc now owns 80,395 shares of the bank’s stock worth $1,378,000 after buying an additional 5,829 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its holdings in Northfield Bancorp by 58.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 15,723 shares of the bank’s stock worth $270,000 after buying an additional 5,805 shares during the period. Institutional investors and hedge funds own 53.07% of the company’s stock.

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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.

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