Northfield Bancorp (NFBK) Given “Neutral” Rating at Keefe, Bruyette & Woods

Northfield Bancorp (NASDAQ:NFBK)‘s stock had its “neutral” rating reaffirmed by research analysts at Keefe, Bruyette & Woods in a report released on Thursday, August 9th.

NFBK has been the subject of a number of other reports. BidaskClub downgraded Northfield Bancorp from a “sell” rating to a “strong sell” rating in a research note on Wednesday, April 18th. ValuEngine upgraded Northfield Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, June 18th. Finally, Zacks Investment Research downgraded Northfield Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, June 28th. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $17.60.

NFBK stock traded up $0.13 during midday trading on Thursday, hitting $16.28. 55,000 shares of the company’s stock were exchanged, compared to its average volume of 90,693. Northfield Bancorp has a 12-month low of $15.14 and a 12-month high of $18.39. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $804.76 million, a PE ratio of 22.29, a P/E/G ratio of 2.45 and a beta of 0.38.

Northfield Bancorp (NASDAQ:NFBK) last issued its quarterly earnings results on Friday, July 27th. The bank reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.02. Northfield Bancorp had a return on equity of 5.75% and a net margin of 18.48%. The business had revenue of $30.22 million during the quarter, compared to the consensus estimate of $30.37 million. sell-side analysts anticipate that Northfield Bancorp will post 0.83 EPS for the current year.

In related news, EVP William R. Jacobs sold 2,166 shares of the company’s stock in a transaction on Tuesday, June 12th. The stock was sold at an average price of $16.41, for a total transaction of $35,544.06. Following the transaction, the executive vice president now directly owns 222,877 shares of the company’s stock, valued at $3,657,411.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robin Lefkowitz sold 2,000 shares of the company’s stock in a transaction on Monday, August 13th. The shares were sold at an average price of $16.30, for a total value of $32,600.00. Following the transaction, the executive vice president now directly owns 24,670 shares in the company, valued at $402,121. The disclosure for this sale can be found here. In the last 90 days, insiders sold 89,629 shares of company stock valued at $1,488,974. Insiders own 9.34% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Bank of Montreal Can increased its position in Northfield Bancorp by 70.2% in the 2nd quarter. Bank of Montreal Can now owns 7,386 shares of the bank’s stock worth $122,000 after purchasing an additional 3,046 shares during the last quarter. Legal & General Group Plc increased its position in Northfield Bancorp by 3.8% in the 1st quarter. Legal & General Group Plc now owns 85,749 shares of the bank’s stock worth $1,340,000 after purchasing an additional 3,171 shares during the last quarter. Northern Trust Corp increased its position in Northfield Bancorp by 0.6% in the 1st quarter. Northern Trust Corp now owns 584,936 shares of the bank’s stock worth $9,131,000 after purchasing an additional 3,715 shares during the last quarter. Aperio Group LLC increased its position in Northfield Bancorp by 29.1% in the 1st quarter. Aperio Group LLC now owns 17,563 shares of the bank’s stock worth $274,000 after purchasing an additional 3,957 shares during the last quarter. Finally, Rhumbline Advisers increased its position in Northfield Bancorp by 3.6% in the 1st quarter. Rhumbline Advisers now owns 135,439 shares of the bank’s stock worth $2,114,000 after purchasing an additional 4,745 shares during the last quarter. 55.17% of the stock is currently owned by hedge funds and other institutional investors.

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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