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.

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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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