Northfield Bancorp (NASDAQ:NFBK) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Shares of Northfield Bancorp, Inc. (NASDAQ:NFBK) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.70 and traded as high as $13.54. Northfield Bancorp shares last traded at $13.41, with a volume of 185,008 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NFBK. Keefe, Bruyette & Woods increased their price objective on Northfield Bancorp from $12.00 to $14.50 and gave the company a “hold” rating in a research note on Friday, February 6th. New Street Research set a $14.50 target price on Northfield Bancorp in a research note on Friday, February 6th. Finally, Weiss Ratings reaffirmed 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 assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $14.33.

Northfield Bancorp Price Performance

The company’s 50 day moving average is $12.58 and its 200 day moving average is $11.73. The company has a current ratio of 0.99, a quick ratio of 1.00 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $562.09 million, a price-to-earnings ratio of 1,346.00 and a beta of 0.82.

Northfield Bancorp (NASDAQ:NFBK) last issued its quarterly earnings data on Tuesday, February 3rd. The bank reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.06. Northfield Bancorp had a return on equity of 5.91% and a net margin of 0.30%.The company had revenue of $78.01 million for the quarter, compared to analyst estimates of $39.48 million. Research analysts anticipate that Northfield Bancorp, Inc. will post 0.82 EPS for the current fiscal year.

Northfield Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Thursday, February 12th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Thursday, February 12th. Northfield Bancorp’s payout ratio is presently 5,200.00%.

Institutional Trading of Northfield Bancorp

A number of large investors have recently bought and sold shares of NFBK. Signaturefd LLC increased its stake in Northfield Bancorp by 41.6% in the fourth 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 period. MetLife Investment Management LLC boosted its stake in shares of Northfield Bancorp by 4.9% during the fourth quarter. MetLife Investment Management LLC now owns 19,613 shares of the bank’s stock worth $224,000 after buying an additional 918 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of Northfield Bancorp by 29.9% during the fourth quarter. Russell Investments Group Ltd. now owns 4,479 shares of the bank’s stock worth $51,000 after buying an additional 1,032 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Northfield Bancorp by 8.3% during the second quarter. The Manufacturers Life Insurance Company now owns 15,129 shares of the bank’s stock worth $174,000 after buying an additional 1,164 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Northfield Bancorp by 6.6% during 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. Institutional investors and hedge funds own 65.51% of the company’s stock.

Northfield Bancorp Company Profile

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.