Northfield Bancorp, Inc. (NFBK) Receives “Hold” Rating from Keefe, Bruyette & Woods
Keefe, Bruyette & Woods reissued their hold rating on shares of Northfield Bancorp, Inc. (NASDAQ:NFBK) in a report published on Tuesday morning. Keefe, Bruyette & Woods currently has a $17.00 target price on the bank’s stock.
A number of other analysts have also weighed in on the company. DA Davidson initiated coverage on Northfield Bancorp in a report on Friday, September 1st. They set a neutral rating and a $17.00 target price for the company. BidaskClub cut Northfield Bancorp from a sell rating to a strong sell rating in a research report on Wednesday, July 12th. Finally, Piper Jaffray Companies reiterated a hold rating and issued a $16.50 price target on shares of Northfield Bancorp in a report on Thursday, August 3rd.
Shares of Northfield Bancorp (NASDAQ NFBK) traded down 0.29% during trading on Tuesday, hitting $17.42. The stock had a trading volume of 9,573 shares. The stock has a 50-day moving average price of $16.18 and a 200 day moving average price of $17.02. Northfield Bancorp has a 12 month low of $14.88 and a 12 month high of $20.59. The company has a market cap of $788.29 million, a P/E ratio of 23.86 and a beta of 0.33.
Northfield Bancorp (NASDAQ:NFBK) last released its quarterly earnings data on Wednesday, July 26th. The bank reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.03. The firm had revenue of $29.35 million for the quarter, compared to the consensus estimate of $26.20 million. Northfield Bancorp had a net margin of 24.13% and a return on equity of 4.93%. During the same period last year, the firm earned $0.15 earnings per share. Equities analysts expect that Northfield Bancorp will post $0.74 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the business. LS Investment Advisors LLC lifted its position in shares of Northfield Bancorp by 247.5% during the first quarter. LS Investment Advisors LLC now owns 5,539 shares of the bank’s stock valued at $100,000 after buying an additional 3,945 shares during the last quarter. Sei Investments Co. grew its position in shares of Northfield Bancorp by 6.0% in the 1st quarter. Sei Investments Co. now owns 8,144 shares of the bank’s stock worth $147,000 after buying an additional 462 shares during the last quarter. State of Alaska Department of Revenue grew its position in shares of Northfield Bancorp by 80.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 8,969 shares of the bank’s stock worth $153,000 after buying an additional 3,989 shares during the last quarter. Moors & Cabot Inc. purchased a new position in shares of Northfield Bancorp in the 2nd quarter worth approximately $172,000. Finally, BNP Paribas Arbitrage SA grew its position in shares of Northfield Bancorp by 1.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 9,918 shares of the bank’s stock worth $179,000 after buying an additional 142 shares during the last quarter. 53.41% of the stock is owned by institutional investors and hedge funds.
About Northfield Bancorp
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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