Northfield Bancorp (NASDAQ:NFBK) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Northfield Bancorp, Inc. (NASDAQ:NFBK)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.31 and traded as high as $12.02. Northfield Bancorp shares last traded at $11.84, with a volume of 194,394 shares.

Analyst Upgrades and Downgrades

NFBK has been the subject of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Northfield Bancorp in a report on Monday, December 29th. Keefe, Bruyette & Woods decreased their price objective on shares of Northfield Bancorp from $13.00 to $12.00 and set a “market perform” rating for the company in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Northfield Bancorp has an average rating of “Hold” and a consensus target price of $13.00.

Northfield Bancorp Price Performance

The company has a market cap of $494.91 million, a P/E ratio of 12.21 and a beta of 0.84. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a 50-day simple moving average of $11.33 and a 200 day simple moving average of $11.31.

Northfield Bancorp (NASDAQ:NFBK) last released its quarterly earnings data on Thursday, October 23rd. The bank reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27. The company had revenue of $39.24 million during the quarter, compared to the consensus estimate of $39.10 million. Northfield Bancorp had a net margin of 14.92% and a return on equity of 5.20%. On average, equities analysts expect that Northfield Bancorp, Inc. will post 0.82 EPS for the current year.

Northfield Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 5th were given a $0.13 dividend. The ex-dividend date was Wednesday, November 5th. This represents a $0.52 dividend on an annualized basis and a yield of 4.4%. Northfield Bancorp’s payout ratio is 53.61%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Cullen Frost Bankers Inc. acquired a new stake in shares of Northfield Bancorp in the 2nd quarter valued at $31,000. Russell Investments Group Ltd. increased its holdings in shares of Northfield Bancorp by 1,195.9% in the third quarter. Russell Investments Group Ltd. now owns 3,447 shares of the bank’s stock worth $41,000 after acquiring an additional 3,181 shares in the last quarter. Quadrant Capital Group LLC acquired a new stake in Northfield Bancorp during the 3rd quarter worth approximately $77,000. Vanguard Personalized Indexing Management LLC bought a new stake in Northfield Bancorp in the 2nd quarter valued at $138,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Northfield Bancorp during the third quarter worth about $143,000. 65.51% of the stock is owned by institutional investors.

Northfield Bancorp Company Profile

Northfield Bancorp is the bank holding company for Northfield Bank, a New Jersey‐based community bank offering a full range of financial products and services. Headquartered in New Jersey, the company serves individuals, families and small to mid‐sized businesses across Northern and Central New Jersey. Northfield Bancorp focuses on building lasting customer relationships through a combination of personalized service and technology‐driven solutions.

Through its subsidiary, Northfield Bank provides personal banking services such as checking and savings accounts, consumer loans, mortgage products and home equity lines of credit.