Northfield Bancorp (NASDAQ:NFBK) Sets New 52-Week High – What’s Next?

Northfield Bancorp, Inc. (NASDAQ:NFBK) hit a new 52-week high on Thursday . The stock traded as high as $12.56 and last traded at $12.58, with a volume of 21964 shares traded. The stock had previously closed at $12.32.

Wall Street Analyst Weigh In

Several equities analysts recently commented on NFBK shares. Weiss Ratings reissued a “hold (c)” rating on shares of Northfield Bancorp in a research report on Monday, December 29th. Keefe, Bruyette & Woods reduced their target price on shares of Northfield Bancorp from $13.00 to $12.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Northfield Bancorp currently has a consensus rating of “Hold” and an average price target of $13.00.

Northfield Bancorp Stock Performance

The firm has a market cap of $521.75 million, a price-to-earnings ratio of 12.88 and a beta of 0.84. The stock’s fifty day moving average is $11.43 and its two-hundred day moving average is $11.31. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.00 and a current ratio of 1.00.

Northfield Bancorp (NASDAQ:NFBK) last announced its quarterly earnings results on Thursday, October 23rd. The bank reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. The company had revenue of $39.24 million for the quarter, compared to analyst estimates of $39.10 million. Northfield Bancorp had a net margin of 14.92% and a return on equity of 5.20%. On average, analysts expect that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Northfield Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership raised its position in shares of Northfield Bancorp by 17.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 699,647 shares of the bank’s stock worth $8,256,000 after buying an additional 101,770 shares in the last quarter. Hillsdale Investment Management Inc. raised its holdings in Northfield Bancorp by 156.8% during the third quarter. Hillsdale Investment Management Inc. now owns 532,920 shares of the bank’s stock worth $6,288,000 after purchasing an additional 325,400 shares in the last quarter. Bank of America Corp DE lifted its position in Northfield Bancorp by 181.9% in the third quarter. Bank of America Corp DE now owns 296,137 shares of the bank’s stock worth $3,494,000 after purchasing an additional 191,079 shares during the period. Bridgeway Capital Management LLC boosted its stake in Northfield Bancorp by 7.7% during the 3rd quarter. Bridgeway Capital Management LLC now owns 268,071 shares of the bank’s stock valued at $3,163,000 after purchasing an additional 19,126 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Northfield Bancorp by 2.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 251,917 shares of the bank’s stock valued at $2,892,000 after purchasing an additional 6,347 shares during the period. Institutional investors own 65.51% of the company’s stock.

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.