Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Northfield Bancorp (NFBK) Stock Price
News stories about Northfield Bancorp (NASDAQ:NFBK) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Northfield Bancorp earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 45.7286030474643 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Northfield Bancorp (NFBK) opened at 16.38 on Friday. Northfield Bancorp has a 52 week low of $14.88 and a 52 week high of $20.59. The company’s 50-day moving average price is $16.05 and its 200 day moving average price is $17.12. The firm has a market cap of $741.23 million, a P/E ratio of 22.44 and a beta of 0.34.
Northfield Bancorp (NASDAQ:NFBK) last issued its quarterly earnings results on Wednesday, July 26th. The bank reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.03. The business had revenue of $29.35 million for the quarter, compared to analysts’ expectations of $26.20 million. Northfield Bancorp had a net margin of 24.13% and a return on equity of 4.93%. During the same quarter in the prior year, the firm posted $0.15 earnings per share. On average, equities analysts anticipate that Northfield Bancorp will post $0.74 earnings per share for the current year.
Several analysts recently commented on NFBK shares. BidaskClub downgraded Northfield Bancorp from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $16.50 price objective on shares of Northfield Bancorp in a research note on Thursday, August 3rd. Finally, DA Davidson started coverage on Northfield Bancorp in a research note on Friday, September 1st. They set a “neutral” rating and a $17.00 price objective on the stock.
About Northfield Bancorp
Northfield Bancorp, Inc is a holding company for Northfield Bank (the Bank). Northfield Bank’s principal business consists of originating commercial real estate loans and multifamily real estate loans, purchasing investment securities including mortgage-backed securities and corporate bonds, as well as depositing funds in other financial institutions.
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