BidaskClub upgraded shares of Northfield Bancorp (NASDAQ:NFBK) from a strong sell rating to a sell rating in a research note published on Saturday morning.

NFBK has been the topic of a number of other research reports. Piper Jaffray Companies reissued a hold rating and issued a $18.00 price target on shares of Northfield Bancorp in a research note on Tuesday, January 9th. Zacks Investment Research raised shares of Northfield Bancorp from a hold rating to a buy rating and set a $18.00 price target on the stock in a research note on Thursday, February 8th. Finally, Keefe, Bruyette & Woods reissued a hold rating and issued a $20.00 price target on shares of Northfield Bancorp in a research note on Friday, December 22nd. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Northfield Bancorp currently has an average rating of Hold and a consensus target price of $18.25.

Shares of Northfield Bancorp (NASDAQ NFBK) opened at $15.80 on Friday. The company has a market cap of $764.76, a P/E ratio of 30.39, a PEG ratio of 2.69 and a beta of 0.29. Northfield Bancorp has a one year low of $15.27 and a one year high of $19.25. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.17 and a current ratio of 1.11.

Northfield Bancorp (NASDAQ:NFBK) last issued its quarterly earnings data on Wednesday, January 24th. The bank reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $30.40 million for the quarter, compared to analysts’ expectations of $30.67 million. Northfield Bancorp had a net margin of 17.14% and a return on equity of 5.03%. During the same quarter last year, the company earned $0.18 EPS. research analysts forecast that Northfield Bancorp will post 0.74 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 21st. Investors of record on Wednesday, February 7th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $0.40 dividend on an annualized basis and a yield of 2.53%.

In related news, Director Patrick E. Scura, Jr. sold 53,905 shares of Northfield Bancorp stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $15.68, for a total value of $845,230.40. Following the sale, the director now owns 80,043 shares of the company’s stock, valued at approximately $1,255,074.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Steven M. Klein sold 7,500 shares of Northfield Bancorp stock in a transaction on Monday, January 29th. The shares were sold at an average price of $17.06, for a total transaction of $127,950.00. Following the completion of the sale, the chief executive officer now directly owns 336,400 shares in the company, valued at approximately $5,738,984. The disclosure for this sale can be found here. Insiders sold a total of 135,412 shares of company stock worth $2,163,660 in the last three months. 9.34% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in NFBK. Schwab Charles Investment Management Inc. boosted its stake in Northfield Bancorp by 1.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 206,514 shares of the bank’s stock worth $3,542,000 after purchasing an additional 1,946 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Northfield Bancorp by 23.9% during the 2nd quarter. Wells Fargo & Company MN now owns 43,740 shares of the bank’s stock worth $750,000 after purchasing an additional 8,443 shares during the last quarter. Teachers Advisors LLC boosted its stake in Northfield Bancorp by 3.5% during the 2nd quarter. Teachers Advisors LLC now owns 100,254 shares of the bank’s stock worth $1,719,000 after purchasing an additional 3,432 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Northfield Bancorp by 8.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 260,543 shares of the bank’s stock worth $4,468,000 after purchasing an additional 19,575 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in Northfield Bancorp by 0.5% during the 2nd quarter. BlackRock Inc. now owns 5,519,013 shares of the bank’s stock worth $94,653,000 after purchasing an additional 24,921 shares during the last quarter. 53.54% of the stock is currently 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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