Zacks: Northfield Bancorp, Inc. (NFBK) Given Consensus Recommendation of “Hold” by Analysts

Northfield Bancorp, Inc. (NASDAQ:NFBK) has been assigned a consensus broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation.

Brokerages have set a twelve-month consensus target price of $17.00 for the company and are anticipating that the company will post $0.17 EPS for the current quarter, according to Zacks. Zacks has also given Northfield Bancorp an industry rank of 16 out of 265 based on the ratings given to related companies.

Several equities research analysts have recently issued reports on the company. BidaskClub cut Northfield Bancorp from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Keefe, Bruyette & Woods restated a “hold” rating and set a $20.00 price objective on shares of Northfield Bancorp in a report on Friday, December 22nd. Finally, Piper Jaffray Companies restated a “hold” rating on shares of Northfield Bancorp in a report on Friday, November 10th.

In other news, EVP Robin Lefkowitz sold 2,000 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $17.00, for a total transaction of $34,000.00. Following the sale, the executive vice president now owns 30,433 shares in the company, valued at $517,361. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 9.34% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of NFBK. Schwab Charles Investment Management Inc. boosted its holdings in Northfield Bancorp by 1.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 206,514 shares of the bank’s stock valued at $3,542,000 after acquiring an additional 1,946 shares during the last quarter. Legal & General Group Plc boosted its holdings in Northfield Bancorp by 7.8% in the second quarter. Legal & General Group Plc now owns 80,395 shares of the bank’s stock valued at $1,378,000 after acquiring an additional 5,829 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Northfield Bancorp by 58.5% in the second quarter. BNP Paribas Arbitrage SA now owns 15,723 shares of the bank’s stock valued at $270,000 after acquiring an additional 5,805 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Northfield Bancorp by 17.6% in the second quarter. Victory Capital Management Inc. now owns 15,209 shares of the bank’s stock valued at $261,000 after acquiring an additional 2,280 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Northfield Bancorp by 2.7% in the second quarter. Principal Financial Group Inc. now owns 369,316 shares of the bank’s stock valued at $6,334,000 after acquiring an additional 9,822 shares during the last quarter. Hedge funds and other institutional investors own 53.07% of the company’s stock.

Northfield Bancorp (NASDAQ NFBK) traded up $0.05 during trading on Friday, reaching $17.05. The company’s stock had a trading volume of 105,100 shares, compared to its average volume of 102,550. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $830.96, a P/E ratio of 23.04, a price-to-earnings-growth ratio of 2.52 and a beta of 0.34. Northfield Bancorp has a one year low of $15.35 and a one year high of $19.25.

Northfield Bancorp (NASDAQ:NFBK) last released its quarterly earnings results on Wednesday, October 25th. The bank reported $0.17 earnings per share 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 company had revenue of $29.97 million during the quarter, compared to the consensus estimate of $29.66 million. research analysts anticipate that Northfield Bancorp will post 0.73 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This piece was first posted by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was copied illegally and reposted in violation of international trademark and copyright laws. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2018/01/19/zacks-northfield-bancorp-inc-nfbk-given-consensus-recommendation-of-hold-by-analysts.html.

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.

Get a free copy of the Zacks research report on Northfield Bancorp (NFBK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Northfield Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northfield Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply