Northfield Bancorp (NASDAQ:NFBK) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Northfield Bancorp, Inc. (NASDAQ:NFBK) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.84 and traded as high as $13.25. Northfield Bancorp shares last traded at $13.06, with a volume of 372,625 shares.

Analyst Upgrades and Downgrades

Several research firms have commented on NFBK. Weiss Ratings cut shares of Northfield Bancorp from a “hold (c)” rating to a “sell (d+)” rating in a research note on Wednesday, March 4th. Keefe, Bruyette & Woods upped their price target on shares of Northfield Bancorp from $12.00 to $14.50 and gave the stock a “hold” rating in a research note on Friday, February 6th. Finally, New Street Research set a $14.50 price objective on shares of Northfield Bancorp in a report on Friday, February 6th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Northfield Bancorp has an average rating of “Hold” and an average target price of $14.33.

Northfield Bancorp Stock Down 1.1%

The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $545.39 million, a P/E ratio of 1,306.00 and a beta of 0.82. The stock has a 50 day moving average price of $12.91 and a 200 day moving average price of $11.84.

Northfield Bancorp (NASDAQ:NFBK) last announced its earnings results on Tuesday, February 3rd. The bank reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.06. The business had revenue of $78.01 million during the quarter, compared to analysts’ expectations of $39.48 million. Northfield Bancorp had a return on equity of 5.91% and a net margin of 0.30%. Research analysts expect that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current fiscal year.

Northfield Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Thursday, February 12th were given a dividend of $0.13 per share. The ex-dividend date was Thursday, February 12th. This represents a $0.52 annualized dividend and a dividend yield of 4.0%. Northfield Bancorp’s dividend payout ratio (DPR) is 5,200.00%.

Institutional Trading of Northfield Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the business. Signaturefd LLC raised its holdings in shares of Northfield Bancorp by 41.6% in the 4th quarter. Signaturefd LLC now owns 3,019 shares of the bank’s stock worth $35,000 after purchasing an additional 887 shares in the last quarter. Russell Investments Group Ltd. grew its position in 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 buying an additional 3,181 shares during the last quarter. Quadrant Capital Group LLC acquired a new position in Northfield Bancorp in the third quarter worth approximately $77,000. Cornerstone Planning Group LLC increased its holdings in shares of Northfield Bancorp by 30,922.6% in the fourth quarter. Cornerstone Planning Group LLC now owns 9,617 shares of the bank’s stock valued at $114,000 after buying an additional 9,586 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of Northfield Bancorp in the fourth quarter valued at $125,000. 65.51% of the stock is currently owned by institutional investors.

About Northfield Bancorp

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.