Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Northfield Bancorp (NFBK) Share Price
News stories about Northfield Bancorp (NASDAQ:NFBK) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Northfield Bancorp earned a news impact score of 0.16 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 44.4870123491662 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Northfield Bancorp Inc. (NFBK) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
- ValuEngine Downgrades Northfield Bancorp (NFBK) to Sell (americanbankingnews.com)
- BidaskClub Downgrades Northfield Bancorp (NFBK) to Strong Sell (americanbankingnews.com)
- Northfield Bancorp Annual Stockholder Meeting to Be Held on May 23, 2018 at Corporate Headquarters (finance.yahoo.com)
- Northfield Bancorp (NFBK) Downgraded by BidaskClub to “Strong Sell” (americanbankingnews.com)
NFBK has been the subject of several research reports. Zacks Investment Research upgraded Northfield Bancorp from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Friday, February 23rd. TheStreet lowered Northfield Bancorp from a “b” rating to a “c+” rating in a research report on Monday, April 9th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $18.50 price target on shares of Northfield Bancorp in a research report on Tuesday, February 27th. Piper Jaffray reissued a “hold” rating and issued a $18.00 price target on shares of Northfield Bancorp in a research report on Tuesday, January 9th. Finally, Sandler O’Neill reissued a “hold” rating and issued a $16.50 price target on shares of Northfield Bancorp in a research report on Monday, March 26th. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Northfield Bancorp currently has an average rating of “Hold” and an average price target of $17.80.
Northfield Bancorp (NASDAQ:NFBK) last announced its earnings results on Wednesday, January 24th. The bank reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.02. Northfield Bancorp had a return on equity of 5.03% and a net margin of 17.14%. The company had revenue of $30.40 million for the quarter, compared to analyst estimates of $30.67 million. During the same period in the prior year, the company posted $0.18 EPS. research analysts expect that Northfield Bancorp will post 0.81 earnings per share for the current year.
In related news, EVP Michael J. Widmer sold 10,000 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $15.56, for a total transaction of $155,600.00. Following the transaction, the executive vice president now directly owns 147,633 shares of the company’s stock, valued at approximately $2,297,169.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Steven M. Klein sold 7,500 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $17.06, for a total value of $127,950.00. Following the transaction, the chief executive officer now directly owns 336,400 shares in the company, valued at $5,738,984. The disclosure for this sale can be found here. Insiders have sold a total of 151,763 shares of company stock worth $2,425,744 over the last ninety days. 9.34% of the stock is currently owned by corporate insiders.
About Northfield Bancorp
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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