Northfield Bancorp (NFBK) Receives Hold Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their hold rating on shares of Northfield Bancorp (NASDAQ:NFBK) in a research report released on Friday. Keefe, Bruyette & Woods currently has a $20.00 price target on the bank’s stock.

Several other analysts have also recently commented on the company. Piper Jaffray Companies reissued a hold rating on shares of Northfield Bancorp in a report on Friday, November 10th. DA Davidson assumed coverage on Northfield Bancorp in a report on Friday, September 1st. They issued a neutral rating and a $17.00 price target for the company.

Northfield Bancorp (NFBK) traded down $0.01 during trading on Friday, reaching $17.59. The company’s stock had a trading volume of 47,100 shares, compared to its average volume of 128,046. Northfield Bancorp has a 52 week low of $15.35 and a 52 week high of $20.36. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.90. The firm has a market cap of $860.28, a PE ratio of 23.77, a price-to-earnings-growth ratio of 2.41 and a beta of 0.34.

Northfield Bancorp (NASDAQ:NFBK) last posted its quarterly earnings data on Wednesday, October 25th. The bank reported $0.17 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.17. Northfield Bancorp had a return on equity of 4.97% and a net margin of 24.39%. The company had revenue of $29.97 million during the quarter, compared to analysts’ expectations of $29.66 million. equities analysts predict that Northfield Bancorp will post 0.73 EPS for the current year.

In other news, EVP Robin Lefkowitz sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $17.00, for a total value of $34,000.00. Following the completion of the sale, the executive vice president now directly owns 30,433 shares of the company’s stock, valued at approximately $517,361. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 9.34% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NFBK. Moors & Cabot Inc. purchased a new position in Northfield Bancorp in the 2nd quarter valued at approximately $172,000. Piedmont Investment Advisors LLC purchased a new position in Northfield Bancorp in the 3rd quarter valued at approximately $175,000. GSA Capital Partners LLP purchased a new position in Northfield Bancorp in the 2nd quarter valued at approximately $181,000. SG Americas Securities LLC purchased a new position in Northfield Bancorp in the 3rd quarter valued at approximately $199,000. Finally, Aperio Group LLC increased its stake in Northfield Bancorp by 29.6% in the 2nd quarter. Aperio Group LLC now owns 13,582 shares of the bank’s stock valued at $233,000 after purchasing an additional 3,099 shares in the last quarter. 53.07% of the stock is owned by hedge funds and other institutional investors.

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Northfield Bancorp Company Profile

Northfield Bancorp, Inc is a holding company for Northfield Bank (the Bank). Northfield Bank’s principal business consists of originating commercial real estate loans and multifamily real estate loans, purchasing investment securities including mortgage-backed securities and corporate bonds, as well as depositing funds in other financial institutions.

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