BidaskClub Lowers Northfield Bancorp (NFBK) to Sell
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.
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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