Northfield Bancorp (NASDAQ:NFBK) Hits New 52-Week High – Time to Buy?

Northfield Bancorp, Inc. (NASDAQ:NFBK)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $15.01 and last traded at $14.99, with a volume of 1155716 shares. The stock had previously closed at $14.55.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Northfield Bancorp from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, Northfield Bancorp has an average rating of “Hold” and a consensus price target of $14.50.

Northfield Bancorp Trading Up 3.0%

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 stock has a market capitalization of $625.62 million, a P/E ratio of 124.83 and a beta of 0.72. The firm’s 50-day simple moving average is $14.18 and its 200 day simple moving average is $13.27.

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

Northfield Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Wednesday, May 6th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Wednesday, May 6th. Northfield Bancorp’s dividend payout ratio (DPR) is presently 433.33%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Royal Bank of Canada lifted its position in shares of Northfield Bancorp by 133.1% during the 1st quarter. Royal Bank of Canada now owns 2,280 shares of the bank’s stock valued at $30,000 after acquiring an additional 1,302 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Northfield Bancorp by 41.6% in the 4th quarter. Signaturefd LLC now owns 3,019 shares of the bank’s stock worth $35,000 after acquiring an additional 887 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Northfield Bancorp by 1,195.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,447 shares of the bank’s stock worth $41,000 after acquiring an additional 3,181 shares during the last quarter. Quadrant Capital Group LLC acquired a new stake in shares of Northfield Bancorp during the third quarter worth $77,000. Finally, Cornerstone Planning Group LLC raised its position in shares of Northfield Bancorp by 30,922.6% during the fourth quarter. Cornerstone Planning Group LLC now owns 9,617 shares of the bank’s stock worth $114,000 after purchasing an additional 9,586 shares during the period. Institutional investors own 65.51% of the company’s stock.

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.