Northfield Bancorp (NASDAQ:NFBK) Given New $14.50 Price Target at Keefe, Bruyette & Woods

Northfield Bancorp (NASDAQ:NFBK) had its target price increased by stock analysts at Keefe, Bruyette & Woods from $12.00 to $14.50 in a report released on Friday,Benzinga reports. The brokerage currently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 4.24% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Northfield Bancorp in a report on Monday, December 29th. New Street Research set a $14.50 price objective on shares of Northfield Bancorp in a research report on Friday. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.33.

Northfield Bancorp Stock Up 2.4%

NASDAQ:NFBK traded up $0.33 during trading hours on Friday, reaching $13.91. The company had a trading volume of 58,927 shares, compared to its average volume of 277,174. The company has a quick ratio of 1.00, a current ratio of 0.99 and a debt-to-equity ratio of 1.39. The business’s 50-day simple moving average is $11.89 and its two-hundred day simple moving average is $11.38. The firm has a market cap of $581.44 million, a price-to-earnings ratio of 1,386.70 and a beta of 0.85. Northfield Bancorp has a twelve month low of $9.40 and a twelve month high of $14.05.

Northfield Bancorp (NASDAQ:NFBK) last posted its quarterly earnings results on Monday, February 2nd. The bank reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. Northfield Bancorp had a return on equity of 5.91% and a net margin of 0.30%.The business had revenue of $41.34 million for the quarter, compared to the consensus estimate of $39.48 million. On average, equities analysts expect that Northfield Bancorp will post 0.82 earnings per share for the current year.

Institutional Trading of Northfield Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cullen Frost Bankers Inc. bought a new stake in shares of Northfield Bancorp during the 2nd quarter valued at $31,000. Signaturefd LLC grew its holdings in Northfield Bancorp by 41.6% in the fourth quarter. Signaturefd LLC now owns 3,019 shares of the bank’s stock worth $35,000 after purchasing an additional 887 shares during the period. Russell Investments Group Ltd. grew its holdings in Northfield Bancorp by 1,195.9% in the third quarter. Russell Investments Group Ltd. now owns 3,447 shares of the bank’s stock worth $41,000 after purchasing an additional 3,181 shares during the period. Quadrant Capital Group LLC bought a new position in shares of Northfield Bancorp during the third quarter valued at approximately $77,000. Finally, Cornerstone Planning Group LLC boosted its position in shares of Northfield Bancorp by 30,922.6% in the 4th quarter. Cornerstone Planning Group LLC now owns 9,617 shares of the bank’s stock worth $114,000 after purchasing an additional 9,586 shares in the last quarter. 65.51% of the stock is currently owned by institutional investors.

Northfield Bancorp Company Profile

Northfield Bancorp is the bank holding company for Northfield Bank, a New Jersey‐based community bank offering a full range of financial products and services. Headquartered in New Jersey, the company serves individuals, families and small to mid‐sized businesses across Northern and Central New Jersey. Northfield Bancorp focuses on building lasting customer relationships through a combination of personalized service and technology‐driven solutions.

Through its subsidiary, Northfield Bank provides personal banking services such as checking and savings accounts, consumer loans, mortgage products and home equity lines of credit.