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

Shares of 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 $13.50 and traded as high as $14.68. Northfield Bancorp shares last traded at $14.62, with a volume of 168,041 shares traded.

Wall Street Analyst Weigh In

Several analysts have recently commented on NFBK shares. Weiss Ratings cut Northfield Bancorp from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. Wall Street Zen raised Northfield Bancorp to a “hold” rating in a report on Saturday, July 4th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Northfield Bancorp currently has a consensus rating of “Hold” and a consensus price target of $14.50.

Northfield Bancorp Price Performance

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’s 50 day moving average is $14.40 and its 200 day moving average is $13.50. The stock has a market cap of $610.53 million, a price-to-earnings ratio of 121.83 and a beta of 0.71.

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

Institutional Investors Weigh In On Northfield Bancorp

Institutional investors and hedge funds have recently modified their holdings of the company. Tudor Investment Corp ET AL acquired a new position in Northfield Bancorp during the third quarter worth $1,177,000. M3F Inc. purchased a new stake in Northfield Bancorp during the first quarter worth $10,516,000. Assenagon Asset Management S.A. acquired a new stake in Northfield Bancorp in the first quarter valued at $547,000. CWA Asset Management Group LLC grew its holdings in Northfield Bancorp by 3.6% in the fourth quarter. CWA Asset Management Group LLC now owns 167,836 shares of the bank’s stock valued at $1,918,000 after purchasing an additional 5,823 shares during the last quarter. Finally, Royal Bank of Canada increased its position 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 buying an additional 1,302 shares in the last quarter. Institutional investors and hedge funds own 65.51% of the company’s stock.

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.