Shares of Northfield Bancorp Inc (NASDAQ:NFBK) have been given a consensus recommendation of “Hold” by the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $17.25.

NFBK has been the topic of a number of research reports. BidaskClub lowered Northfield Bancorp from a “sell” rating to a “strong sell” rating in a report on Thursday, September 20th. ValuEngine lowered Northfield Bancorp from a “hold” rating to a “sell” rating in a report on Monday, July 30th. Zacks Investment Research lowered Northfield Bancorp from a “hold” rating to a “strong sell” rating in a report on Thursday, November 1st. Finally, Keefe, Bruyette & Woods restated a “neutral” rating on shares of Northfield Bancorp in a report on Thursday, August 9th.

In related news, Director John P. Connors, Jr. sold 2,500 shares of the company’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $16.62, for a total transaction of $41,550.00. Following the sale, the director now owns 107,103 shares in the company, valued at $1,780,051.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robin Lefkowitz sold 2,000 shares of the company’s stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $13.75, for a total value of $27,500.00. Following the sale, the executive vice president now owns 27,240 shares in the company, valued at approximately $374,550. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 8,571 shares of company stock worth $114,625 and have sold 9,231 shares worth $145,540. Corporate insiders own 9.20% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NFBK. BlackRock Inc. raised its holdings in Northfield Bancorp by 7.3% during the second quarter. BlackRock Inc. now owns 6,402,460 shares of the bank’s stock worth $106,409,000 after acquiring an additional 436,513 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Northfield Bancorp by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 3,542,428 shares of the bank’s stock worth $58,875,000 after acquiring an additional 115,381 shares in the last quarter. Millennium Management LLC raised its holdings in Northfield Bancorp by 574.8% during the first quarter. Millennium Management LLC now owns 123,497 shares of the bank’s stock worth $1,928,000 after acquiring an additional 105,196 shares in the last quarter. California Public Employees Retirement System raised its holdings in Northfield Bancorp by 14.1% during the second quarter. California Public Employees Retirement System now owns 162,942 shares of the bank’s stock worth $2,708,000 after acquiring an additional 20,158 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in Northfield Bancorp by 5.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 248,583 shares of the bank’s stock worth $4,132,000 after acquiring an additional 13,377 shares in the last quarter. Institutional investors and hedge funds own 55.10% of the company’s stock.

Shares of Northfield Bancorp stock traded up $0.09 during trading on Tuesday, reaching $13.73. The stock had a trading volume of 114,200 shares, compared to its average volume of 88,946. The firm has a market cap of $667.16 million, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 2.01 and a beta of 0.60. Northfield Bancorp has a 52 week low of $12.92 and a 52 week high of $18.39. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.03 and a quick ratio of 1.09.

Northfield Bancorp (NASDAQ:NFBK) last issued its quarterly earnings results on Wednesday, October 24th. The bank reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). The firm had revenue of $30.56 million during the quarter, compared to the consensus estimate of $30.39 million. Northfield Bancorp had a net margin of 18.59% and a return on equity of 5.87%. On average, equities analysts expect that Northfield Bancorp will post 0.84 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Wednesday, November 7th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $0.40 annualized dividend and a yield of 2.91%. Northfield Bancorp’s payout ratio is presently 54.79%.

Northfield Bancorp Company Profile

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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