Northfield Bancorp Inc. (NASDAQ:NFBK) has earned a consensus rating of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $17.50.
Several analysts have recently weighed in on the company. ValuEngine lowered Northfield Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, April 18th. BidaskClub lowered Northfield Bancorp from a “sell” rating to a “strong sell” rating in a report on Wednesday, April 18th. TheStreet lowered Northfield Bancorp from a “b” rating to a “c+” rating in a report on Monday, April 9th. Zacks Investment Research lowered Northfield Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, March 29th. Finally, Sandler O’Neill reissued a “hold” rating and set a $16.50 price objective on shares of Northfield Bancorp in a report on Monday, March 26th.
Shares of NASDAQ:NFBK traded down $0.21 during trading on Friday, hitting $15.89. 39,996 shares of the stock were exchanged, compared to its average volume of 100,463. Northfield Bancorp has a 1-year low of $15.14 and a 1-year high of $19.08. The firm has a market capitalization of $786.53, a PE ratio of 21.85, a PEG ratio of 2.49 and a beta of 0.36. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.73.
In related news, Director Frank P. Patafio sold 5,000 shares of the business’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $16.10, for a total value of $80,500.00. Following the sale, the director now owns 192,274 shares of the company’s stock, valued at approximately $3,095,611.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gil Chapman sold 3,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $16.25, for a total value of $48,750.00. Following the completion of the sale, the director now directly owns 70,800 shares in the company, valued at approximately $1,150,500. 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 in the last three months. 9.20% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in Northfield Bancorp in the 3rd quarter valued at $199,000. Teacher Retirement System of Texas acquired a new stake in Northfield Bancorp in the 4th quarter valued at $260,000. MetLife Investment Advisors LLC acquired a new stake in Northfield Bancorp in the 4th quarter valued at $331,000. UBS Asset Management Americas Inc. boosted its stake in Northfield Bancorp by 45.0% in the 4th quarter. UBS Asset Management Americas Inc. now owns 33,792 shares of the bank’s stock valued at $577,000 after buying an additional 10,495 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its stake in Northfield Bancorp by 27.1% in the 4th quarter. Two Sigma Advisers LP now owns 44,053 shares of the bank’s stock valued at $752,000 after buying an additional 9,400 shares in the last quarter. 53.10% of the stock is currently owned by institutional investors and hedge funds.
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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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