Northfield Bancorp (NASDAQ:NFBK) Stock Passes Above 200-Day Moving Average – Time to Sell?

Shares of Northfield Bancorp, Inc. (NASDAQ:NFBK) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.68 and traded as high as $14.30. Northfield Bancorp shares last traded at $14.29, with a volume of 295,407 shares.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. New Street Research set a $14.50 price target on Northfield Bancorp in a research note on Friday, February 6th. Keefe, Bruyette & Woods boosted their price target on Northfield Bancorp from $12.00 to $14.50 and gave the stock a “hold” rating in a research note on Friday, February 6th. Finally, Weiss Ratings upgraded Northfield Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, Northfield Bancorp has a consensus rating of “Hold” and a consensus price target of $14.50.

Northfield Bancorp Stock Up 0.8%

The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.24. The company has a market cap of $596.81 million, a P/E ratio of 119.08 and a beta of 0.72. The company has a fifty day moving average of $13.79 and a 200 day moving average of $12.68.

Northfield Bancorp (NASDAQ:NFBK) last issued its quarterly earnings data on Tuesday, April 21st. The bank reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. Northfield Bancorp had a return on equity of 6.75% and a net margin of 1.77%.The company had revenue of $40.38 million during the quarter, compared to analyst estimates of $40.60 million.

Northfield Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Wednesday, May 6th were issued a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, May 6th. This represents a $0.52 annualized dividend and a dividend yield of 3.6%. Northfield Bancorp’s payout ratio is presently 433.33%.

Insider Buying and Selling at Northfield Bancorp

In other news, EVP David Fasanella acquired 7,500 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was bought at an average price of $13.07 per share, with a total value of $98,025.00. Following the completion of the acquisition, the executive vice president directly owned 11,500 shares of the company’s stock, valued at approximately $150,305. The trade was a 187.50% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul Stahlin acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was purchased at an average cost of $13.19 per share, with a total value of $131,900.00. Following the acquisition, the director directly owned 54,354 shares of the company’s stock, valued at $716,929.26. This trade represents a 22.55% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 6.48% of the company’s stock.

Institutional Trading of Northfield Bancorp

Large investors have recently modified their holdings of the company. Royal Bank of Canada grew its holdings in shares of Northfield Bancorp by 133.1% in the first quarter. Royal Bank of Canada now owns 2,280 shares of the bank’s stock worth $30,000 after acquiring an additional 1,302 shares during the period. Signaturefd LLC grew its holdings in Northfield Bancorp by 41.6% during the fourth quarter. Signaturefd LLC now owns 3,019 shares of the bank’s stock valued at $35,000 after purchasing an additional 887 shares during the period. Russell Investments Group Ltd. grew its holdings in Northfield Bancorp by 1,195.9% during the third quarter. Russell Investments Group Ltd. now owns 3,447 shares of the bank’s stock valued at $41,000 after purchasing an additional 3,181 shares during the period. Quadrant Capital Group LLC bought a new stake in Northfield Bancorp during the third quarter valued at about $77,000. Finally, Cornerstone Planning Group LLC grew its holdings in Northfield Bancorp by 30,922.6% during the fourth quarter. Cornerstone Planning Group LLC now owns 9,617 shares of the bank’s stock valued at $114,000 after purchasing an additional 9,586 shares during the period. Institutional investors own 65.51% of the company’s stock.

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.