Shares of Northfield Bancorp Inc (NASDAQ:NFBK) have been assigned an average rating of “Hold” from the six analysts that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $16.50.
NFBK has been the topic of several research reports. BidaskClub raised Northfield Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, December 25th. ValuEngine raised Northfield Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, December 11th. Finally, Zacks Investment Research cut Northfield Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, February 6th.
Get Northfield Bancorp alerts:Shares of NASDAQ:NFBK opened at $14.59 on Monday. The stock has a market capitalization of $721.22 million, a price-to-earnings ratio of 19.20, a PEG ratio of 2.35 and a beta of 0.59. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.00 and a current ratio of 1.00. Northfield Bancorp has a 52-week low of $12.76 and a 52-week high of $17.33.
Northfield Bancorp (NASDAQ:NFBK) last announced its earnings results on Wednesday, January 30th. The bank reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.06). The firm had revenue of $28.64 million during the quarter, compared to analysts’ expectations of $30.64 million. Northfield Bancorp had a return on equity of 5.49% and a net margin of 25.79%. As a group, equities analysts anticipate that Northfield Bancorp will post 0.77 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 27th. Shareholders of record on Wednesday, February 13th were given a $0.10 dividend. The ex-dividend date was Tuesday, February 12th. This represents a $0.40 annualized dividend and a yield of 2.74%. Northfield Bancorp’s payout ratio is 52.63%.
In other news, Director Gil Chapman sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $14.58, for a total value of $116,640.00. Following the transaction, the director now owns 57,397 shares of the company’s stock, valued at $836,848.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robin Lefkowitz sold 5,000 shares of the firm’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $14.60, for a total value of $73,000.00. Following the completion of the transaction, the executive vice president now directly owns 24,740 shares in the company, valued at approximately $361,204. The disclosure for this sale can be found here. 9.20% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of NFBK. FMR LLC raised its stake in shares of Northfield Bancorp by 561.8% in the fourth quarter. FMR LLC now owns 2,356 shares of the bank’s stock worth $32,000 after buying an additional 2,000 shares during the period. Acadian Asset Management LLC bought a new position in shares of Northfield Bancorp in the fourth quarter worth about $88,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Northfield Bancorp in the third quarter worth about $179,000. Metropolitan Life Insurance Co. NY raised its stake in shares of Northfield Bancorp by 398.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 14,518 shares of the bank’s stock worth $197,000 after buying an additional 11,604 shares during the period. Finally, Oregon Public Employees Retirement Fund bought a new position in shares of Northfield Bancorp in the fourth quarter worth about $243,000. 57.28% of the stock is currently owned by hedge funds and other institutional investors.
Northfield Bancorp Company Profile
Northfield Bancorp, Inc operates as the bank holding company for Northfield Bank that provides various banking products and services primarily to individuals and corporate customers. It accepts various deposits products, including transaction accounts comprising negotiable orders of withdrawal accounts and non-interest bearing checking accounts; savings accounts, such as money market, passbook, and statement savings; certificates of deposit consisting of individual retirement accounts; and brokered deposits.
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