Northfield Bancorp Inc (NFBK) Receives Average Rating of “Hold” from Analysts

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Northfield Bancorp Inc (NASDAQ:NFBK) has earned a consensus rating of “Hold” from the six analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $16.50.

A number of research firms recently issued reports on NFBK. Zacks Investment Research cut Northfield Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, February 6th. BidaskClub cut Northfield Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, January 16th. Finally, ValuEngine raised Northfield Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, December 11th.

Northfield Bancorp stock opened at $14.67 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.00 and a quick ratio of 1.03. Northfield Bancorp has a 12-month low of $12.76 and a 12-month high of $17.33. The stock has a market capitalization of $727.29 million, a P/E ratio of 19.30, a price-to-earnings-growth ratio of 2.37 and a beta of 0.57.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 27th. Investors of record on Wednesday, February 13th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, February 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.73%. Northfield Bancorp’s dividend payout ratio is 52.63%.

In other Northfield Bancorp news, Director John P. Connors, Jr. sold 8,873 shares of the business’s stock in a transaction dated Thursday, December 13th. The stock was sold at an average price of $13.39, for a total transaction of $118,809.47. Following the completion of the sale, the director now directly owns 139,301 shares of the company’s stock, valued at approximately $1,865,240.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gil Chapman sold 8,000 shares of the business’s stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $14.58, for a total value of $116,640.00. Following the sale, the director now directly owns 57,397 shares of the company’s stock, valued at $836,848.26. The disclosure for this sale can be found here. Insiders own 9.20% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. raised its holdings in Northfield Bancorp by 2.8% during the 4th quarter. BlackRock Inc. now owns 6,854,569 shares of the bank’s stock worth $92,879,000 after purchasing an additional 187,170 shares during the last quarter. Vanguard Group Inc raised its holdings in Northfield Bancorp by 3.2% during the 3rd quarter. Vanguard Group Inc now owns 4,538,643 shares of the bank’s stock worth $72,254,000 after purchasing an additional 139,919 shares during the last quarter. Vanguard Group Inc. raised its holdings in Northfield Bancorp by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 4,538,643 shares of the bank’s stock worth $72,254,000 after purchasing an additional 139,919 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Northfield Bancorp by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,728,431 shares of the bank’s stock worth $50,520,000 after purchasing an additional 97,482 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Northfield Bancorp by 1.1% during the 3rd quarter. Renaissance Technologies LLC now owns 2,093,268 shares of the bank’s stock worth $33,325,000 after purchasing an additional 23,450 shares during the last quarter. 57.38% of the stock is owned by hedge funds and other institutional investors.

Northfield Bancorp Company Profile

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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