Northfield Bancorp, Inc. (NFBK) Stock Rating Reaffirmed by Piper Jaffray Companies
Northfield Bancorp, Inc. (NASDAQ:NFBK)‘s stock had its “hold” rating reaffirmed by stock analysts at Piper Jaffray Companies in a note issued to investors on Friday.
Other research analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $17.00 price target on shares of Northfield Bancorp in a research note on Tuesday, October 3rd. DA Davidson started coverage on Northfield Bancorp in a research note on Friday, September 1st. They issued a “neutral” rating and a $17.00 price target for the company.
Northfield Bancorp (NASDAQ NFBK) opened at $16.19 on Friday. Northfield Bancorp has a 52 week low of $15.35 and a 52 week high of $20.59. The stock has a market capitalization of $790.39, a price-to-earnings ratio of 23.78, a PEG ratio of 2.25 and a beta of 0.33. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.90.
Northfield Bancorp (NASDAQ:NFBK) last released its quarterly earnings results on Wednesday, October 25th. The bank reported $0.17 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate 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. research analysts expect that Northfield Bancorp will post 0.72 EPS for the current year.
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A number of hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its stake in Northfield Bancorp by 41.6% during the third quarter. Wells Fargo & Company MN now owns 61,936 shares of the bank’s stock valued at $1,074,000 after buying an additional 18,196 shares in the last quarter. Citadel Advisors LLC boosted its stake in Northfield Bancorp by 20.8% during the third quarter. Citadel Advisors LLC now owns 170,021 shares of the bank’s stock valued at $2,950,000 after buying an additional 29,266 shares in the last quarter. Legal & General Group Plc boosted its stake in Northfield Bancorp by 4.4% during the third quarter. Legal & General Group Plc now owns 83,956 shares of the bank’s stock valued at $1,457,000 after buying an additional 3,561 shares in the last quarter. SG Americas Securities LLC bought a new position in Northfield Bancorp during the third quarter valued at about $199,000. Finally, Rhumbline Advisers boosted its stake in Northfield Bancorp by 6.5% during the third quarter. Rhumbline Advisers now owns 118,969 shares of the bank’s stock valued at $2,064,000 after buying an additional 7,300 shares in the last quarter. 52.80% 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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