Northfield Bancorp (NASDAQ:NFBK) Hits New 1-Year High – Should You Buy?

Northfield Bancorp, Inc. (NASDAQ:NFBK)’s stock price hit a new 52-week high on Thursday . The company 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.

Analysts Set New Price Targets

NFBK has been the topic of several research analyst reports. Keefe, Bruyette & Woods decreased their price target on shares of Northfield Bancorp from $13.00 to $12.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 28th. Weiss Ratings restated a “hold (c)” rating on shares of Northfield Bancorp in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Northfield Bancorp has an average rating of “Hold” and a consensus target price of $13.00.

Northfield Bancorp Trading Down 3.2%

The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.31. The stock’s 50 day moving average is $11.49 and its 200-day moving average is $11.31. The company has a market cap of $497.01 million, a PE ratio of 12.26 and a beta of 0.84.

Northfield Bancorp (NASDAQ:NFBK) last issued its quarterly earnings data on Thursday, October 23rd. The bank reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27. Northfield Bancorp had a net margin of 14.92% and a return on equity of 5.20%. The business had revenue of $39.24 million during the quarter, compared to analysts’ expectations of $39.10 million. As a group, sell-side analysts anticipate that Northfield Bancorp, Inc. will post 0.82 EPS for the current year.

Institutional Investors Weigh In On Northfield Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NFBK. Signaturefd LLC lifted its stake in shares of Northfield Bancorp by 41.6% in the 4th quarter. Signaturefd LLC now owns 3,019 shares of the bank’s stock valued at $35,000 after purchasing an additional 887 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Northfield Bancorp by 8.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,129 shares of the bank’s stock valued at $174,000 after buying an additional 1,164 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Northfield Bancorp by 6.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,012 shares of the bank’s stock worth $251,000 after buying an additional 1,426 shares during the last quarter. Occudo Quantitative Strategies LP boosted its stake in Northfield Bancorp by 7.2% during the second quarter. Occudo Quantitative Strategies LP now owns 24,129 shares of the bank’s stock worth $277,000 after buying an additional 1,619 shares during the period. Finally, AlphaQuest LLC increased its position in Northfield Bancorp by 11.3% during the second quarter. AlphaQuest LLC now owns 18,111 shares of the bank’s stock valued at $208,000 after acquiring an additional 1,841 shares during 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.