Northfield Bancorp (NASDAQ:NFBK) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Northfield Bancorp, Inc. (NASDAQ:NFBK) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.20 and traded as high as $14.48. Northfield Bancorp shares last traded at $14.38, with a volume of 158,587 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Northfield Bancorp from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Northfield Bancorp currently has a consensus rating of “Hold” and a consensus target price of $14.50.

Northfield Bancorp Stock Performance

The stock’s 50 day moving average price is $14.14 and its two-hundred day moving average price is $13.20. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $600.51 million, a price-to-earnings ratio of 119.83 and a beta of 0.72.

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

Northfield Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders 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 dividend on an annualized basis and a yield of 3.6%. Northfield Bancorp’s dividend payout ratio (DPR) is 433.33%.

Institutional Investors Weigh In On Northfield Bancorp

Institutional investors have recently modified their holdings of the company. Signaturefd LLC grew its position in Northfield Bancorp by 41.6% in the 4th quarter. Signaturefd LLC now owns 3,019 shares of the bank’s stock valued at $35,000 after buying an additional 887 shares in the last quarter. MetLife Investment Management LLC increased its stake in Northfield Bancorp by 4.9% during the 4th quarter. MetLife Investment Management LLC now owns 19,613 shares of the bank’s stock valued at $224,000 after buying an additional 918 shares during the period. Russell Investments Group Ltd. raised its position in shares of Northfield Bancorp by 29.9% during the 4th quarter. Russell Investments Group Ltd. now owns 4,479 shares of the bank’s stock worth $51,000 after buying an additional 1,032 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Northfield Bancorp by 8.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,129 shares of the bank’s stock worth $174,000 after buying an additional 1,164 shares in the last quarter. Finally, Royal Bank of Canada boosted 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 valued at $30,000 after acquiring an additional 1,302 shares in the last quarter. Hedge funds and other 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.