Northfield Bancorp (NASDAQ:NFBK) Stock Passes Above 200-Day Moving Average – Time to Sell?

Northfield Bancorp, Inc. (NASDAQ:NFBK)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.68 and traded as high as $14.30. Northfield Bancorp shares last traded at $14.29, with a volume of 295,407 shares changing hands.

Wall Street Analyst Weigh In

NFBK has been the subject of several recent research reports. Keefe, Bruyette & Woods boosted their price target on Northfield Bancorp from $12.00 to $14.50 and gave the company a “hold” rating in a report on Friday, February 6th. New Street Research set a $14.50 price target on Northfield Bancorp in a report on Friday, February 6th. Finally, Weiss Ratings raised Northfield Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 18th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $14.50.

Northfield Bancorp Stock Performance

The stock has a market cap of $596.81 million, a P/E ratio of 119.08 and a beta of 0.72. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.24. The business has a 50 day moving average price of $13.79 and a two-hundred day moving average price of $12.68.

Northfield Bancorp (NASDAQ:NFBK) last released its quarterly earnings data on Tuesday, April 21st. The bank reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $40.38 million during the quarter, compared to analyst estimates of $40.60 million. Northfield Bancorp had a return on equity of 6.75% and a net margin of 1.77%.

Northfield Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Wednesday, May 6th were paid a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, May 6th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.6%. Northfield Bancorp’s dividend payout ratio is 433.33%.

Insider Transactions at Northfield Bancorp

In other Northfield Bancorp news, EVP David Fasanella acquired 7,500 shares of the company’s stock in a transaction dated Thursday, March 19th. The stock was purchased at an average price of $13.07 per share, with a total value of $98,025.00. Following the completion of the purchase, the executive vice president directly owned 11,500 shares in the company, valued at approximately $150,305. The trade was a 187.50% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul Stahlin acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, March 17th. The stock was acquired at an average cost of $13.19 per share, with a total value of $131,900.00. Following the purchase, the director owned 54,354 shares of the company’s stock, valued at approximately $716,929.26. This trade represents a 22.55% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 6.48% of the company’s stock.

Institutional Investors Weigh In On Northfield Bancorp

A number of hedge funds have recently made changes to their positions in the company. Royal Bank of Canada lifted its position in shares of Northfield Bancorp by 133.1% in the first quarter. Royal Bank of Canada now owns 2,280 shares of the bank’s stock worth $30,000 after buying an additional 1,302 shares in the last quarter. Quantinno Capital Management LP lifted its position in shares of Northfield Bancorp by 33.2% in the first quarter. Quantinno Capital Management LP now owns 88,422 shares of the bank’s stock worth $1,197,000 after buying an additional 22,018 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Northfield Bancorp by 75.4% in the first quarter. Lazard Asset Management LLC now owns 60,579 shares of the bank’s stock worth $820,000 after buying an additional 26,041 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Northfield Bancorp by 21.7% in the first quarter. Renaissance Technologies LLC now owns 1,308,449 shares of the bank’s stock worth $17,716,000 after buying an additional 233,300 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Northfield Bancorp by 3.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 777,399 shares of the bank’s stock worth $10,526,000 after buying an additional 23,863 shares in the last quarter. 65.51% of the stock is currently owned by hedge funds and other institutional investors.

About Northfield Bancorp

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.