Northfield Bancorp (NASDAQ:NFBK) Hits New 12-Month High – Here’s Why

Northfield Bancorp, Inc. (NASDAQ:NFBK)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $15.01 and last traded at $14.9010, with a volume of 121702 shares. The stock had previously closed at $14.66.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wall Street Zen upgraded shares of Northfield Bancorp to a “hold” rating in a report on Saturday, July 4th. Weiss Ratings lowered shares of Northfield Bancorp from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $14.50.

Northfield Bancorp Trading Up 1.0%

The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $618.47 million, a PE ratio of 123.42 and a beta of 0.71. The stock’s 50-day simple moving average is $14.43 and its 200-day simple moving average is $13.56.

Northfield Bancorp (NASDAQ:NFBK) last posted its earnings results on Tuesday, April 21st. The bank reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. The firm had revenue of $40.38 million during the quarter, compared to analysts’ expectations of $40.60 million. Northfield Bancorp had a net margin of 1.77% and a return on equity of 6.75%.

Institutional Trading of Northfield Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of NFBK. Tudor Investment Corp ET AL purchased a new position in shares of Northfield Bancorp during the 3rd quarter worth approximately $1,177,000. M3F Inc. purchased a new position in shares of Northfield Bancorp in the 1st quarter valued at approximately $10,516,000. Assenagon Asset Management S.A. bought a new stake in shares of Northfield Bancorp during the first quarter valued at approximately $547,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position 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 valued at $251,000 after purchasing an additional 1,426 shares in the last quarter. Finally, Integrated Quantitative Investments LLC purchased a new stake in Northfield Bancorp in the fourth quarter worth $219,000. 65.51% of the stock is currently owned by hedge funds and other institutional investors.

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.