Northfield Bancorp (NASDAQ:NFBK) Upgraded at Wall Street Zen

Northfield Bancorp (NASDAQ:NFBK) was upgraded by equities researchers at Wall Street Zen to a “hold” rating in a research note issued on Saturday.

Separately, Weiss Ratings downgraded Northfield Bancorp from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, Northfield Bancorp has an average rating of “Hold” and an average target price of $14.50.

Northfield Bancorp Stock Performance

Northfield Bancorp stock opened at $14.79 on Friday. Northfield Bancorp has a one year low of $9.90 and a one year high of $15.01. The company’s fifty day moving average price is $14.30 and its two-hundred day moving average price is $13.38. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $617.63 million, a price-to-earnings ratio of 123.25 and a beta of 0.71.

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

Institutional Investors Weigh In On Northfield Bancorp

Hedge funds have recently bought and sold shares of the company. Tudor Investment Corp ET AL acquired a new stake in shares of Northfield Bancorp in the third quarter valued at about $1,177,000. Assenagon Asset Management S.A. bought a new position in shares of Northfield Bancorp in the first quarter worth about $547,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Northfield Bancorp by 3.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 777,399 shares of the bank’s stock worth $10,526,000 after purchasing an additional 23,863 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Northfield Bancorp by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,556,873 shares of the bank’s stock worth $34,620,000 after purchasing an additional 25,489 shares during the last quarter. Finally, M3F Inc. acquired a new position in shares of Northfield Bancorp during the 1st quarter worth about $10,516,000. 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.