Northfield Bancorp (NFBK) Upgraded by BidaskClub to Sell

BidaskClub upgraded shares of Northfield Bancorp (NASDAQ:NFBK) from a strong sell rating to a sell rating in a report released on Wednesday, March 27th, BidAskClub reports.

A number of other analysts have also recently commented on NFBK. Zacks Investment Research cut shares of Northfield Bancorp from a hold rating to a sell rating in a research report on Wednesday, February 6th. ValuEngine upgraded shares of Northfield Bancorp from a sell rating to a hold rating in a research report on Tuesday, December 11th. Two investment analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $18.00.

Shares of Northfield Bancorp stock traded down $0.12 on Wednesday, hitting $14.36. 72,858 shares of the company’s stock traded hands, compared to its average volume of 77,771. The stock has a market capitalization of $714.75 million, a price-to-earnings ratio of 18.89, a PEG ratio of 2.33 and a beta of 0.57. Northfield Bancorp has a one year low of $12.76 and a one year high of $17.33. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.00 and a current ratio of 1.00.

Northfield Bancorp (NASDAQ:NFBK) last issued its earnings results on Wednesday, January 30th. The bank reported $0.14 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.06). The business had revenue of $28.64 million for the quarter, compared to the consensus estimate of $30.64 million. Northfield Bancorp had a net margin of 25.79% and a return on equity of 5.49%. As a group, research analysts forecast that Northfield Bancorp will post 0.77 EPS for the current fiscal year.

In other Northfield Bancorp news, EVP Robin Lefkowitz sold 5,000 shares of the stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $14.60, for a total transaction of $73,000.00. Following the completion of the transaction, the executive vice president now owns 24,740 shares in the company, valued at approximately $361,204. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kenneth J. Doherty sold 10,000 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $14.56, for a total transaction of $145,600.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,000 shares of company stock valued at $335,240. Corporate insiders own 9.20% of the company’s stock.

Large investors have recently modified their holdings of the stock. FMR LLC lifted its stake in Northfield Bancorp by 561.8% in the 4th quarter. FMR LLC now owns 2,356 shares of the bank’s stock valued at $32,000 after purchasing an additional 2,000 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Northfield Bancorp in the 4th quarter valued at about $88,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Northfield Bancorp in the 3rd quarter valued at about $179,000. Metropolitan Life Insurance Co. NY lifted its stake in Northfield Bancorp by 398.2% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 14,518 shares of the bank’s stock valued at $197,000 after purchasing an additional 11,604 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund acquired a new stake in Northfield Bancorp in the 4th quarter valued at about $243,000. Institutional investors and hedge funds own 57.02% of the company’s stock.

About Northfield Bancorp

Northfield Bancorp, Inc (Staten Island, NY) 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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