Northfield Bancorp Inc (NFBK) Given Consensus Rating of “Hold” by Analysts

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Northfield Bancorp Inc (NASDAQ:NFBK) has received a consensus rating of “Hold” from the seven research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $17.25.

A number of equities analysts have recently commented on NFBK shares. BidaskClub raised shares of Northfield Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, June 23rd. Zacks Investment Research lowered shares of Northfield Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, June 28th. ValuEngine lowered shares of Northfield Bancorp from a “hold” rating to a “sell” rating in a report on Monday, July 30th. Finally, Keefe, Bruyette & Woods reissued a “neutral” rating on shares of Northfield Bancorp in a report on Thursday, August 9th.

Shares of NASDAQ:NFBK traded up $0.08 during trading on Friday, reaching $14.40. The company had a trading volume of 108,900 shares, compared to its average volume of 87,786. The firm has a market capitalization of $731.51 million, a price-to-earnings ratio of 19.73, a PEG ratio of 2.23 and a beta of 0.41. Northfield Bancorp has a 12 month low of $14.11 and a 12 month high of $18.39. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.09 and a quick ratio of 1.09.

Northfield Bancorp (NASDAQ:NFBK) last issued its quarterly earnings results on Friday, July 27th. The bank reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.02. The firm had revenue of $30.22 million for the quarter, compared to analyst estimates of $30.37 million. Northfield Bancorp had a net margin of 18.48% and a return on equity of 5.75%. As a group, equities research analysts expect that Northfield Bancorp will post 0.83 EPS for the current year.

In related news, EVP Robin Lefkowitz sold 2,000 shares of the stock in a transaction on Monday, August 13th. The shares were sold at an average price of $16.30, for a total transaction of $32,600.00. Following the transaction, the executive vice president now owns 24,670 shares of the company’s stock, valued at approximately $402,121. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John P. Connors, Jr. sold 2,500 shares of the stock in a transaction on Monday, August 27th. The shares were sold at an average price of $16.62, for a total transaction of $41,550.00. Following the transaction, the director now directly owns 107,103 shares in the company, valued at approximately $1,780,051.86. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,231 shares of company stock worth $166,840. 9.34% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. California Public Employees Retirement System grew its holdings in shares of Northfield Bancorp by 14.1% during the 2nd quarter. California Public Employees Retirement System now owns 162,942 shares of the bank’s stock valued at $2,708,000 after purchasing an additional 20,158 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Northfield Bancorp by 3.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,542,428 shares of the bank’s stock valued at $58,875,000 after purchasing an additional 115,381 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Northfield Bancorp by 7.2% during the 2nd quarter. Legal & General Group Plc now owns 91,952 shares of the bank’s stock valued at $1,528,000 after purchasing an additional 6,203 shares during the last quarter. BlackRock Inc. boosted its position in Northfield Bancorp by 7.3% during the 2nd quarter. BlackRock Inc. now owns 6,402,460 shares of the bank’s stock valued at $106,409,000 after buying an additional 436,513 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in Northfield Bancorp by 5.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 248,583 shares of the bank’s stock valued at $4,132,000 after buying an additional 13,377 shares during the period. 55.16% of the stock is currently owned by institutional investors.

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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