Northfield Bancorp (NASDAQ:NFBK) Sets New 12-Month High on Strong Earnings

Northfield Bancorp, Inc. (NASDAQ:NFBK)’s stock price hit a new 52-week high on Monday following a stronger than expected earnings report. The stock traded as high as $13.87 and last traded at $13.5040, with a volume of 10025 shares changing hands. The stock had previously closed at $12.32.

The bank reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. Northfield Bancorp had a net margin of 14.92% and a return on equity of 5.20%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Northfield Bancorp

Several institutional investors and hedge funds have recently modified their holdings of NFBK. Signaturefd LLC raised its holdings in 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 acquiring an additional 887 shares during the last quarter. SG Americas Securities LLC boosted its stake in Northfield Bancorp by 12.8% in the 4th quarter. SG Americas Securities LLC now owns 16,668 shares of the bank’s stock worth $191,000 after buying an additional 1,885 shares during the last quarter. CWA Asset Management Group LLC grew its holdings in Northfield Bancorp by 3.6% in the 4th quarter. CWA Asset Management Group LLC now owns 167,836 shares of the bank’s stock valued at $1,918,000 after buying an additional 5,823 shares during the period. Tudor Investment Corp ET AL purchased a new stake in Northfield Bancorp in the 3rd quarter valued at about $1,177,000. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of Northfield Bancorp by 3.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 201,990 shares of the bank’s stock worth $2,383,000 after acquiring an additional 6,317 shares during the period. Hedge funds and other institutional investors own 65.51% of the company’s stock.

Northfield Bancorp Stock Performance

The company’s fifty day moving average price is $11.66 and its two-hundred day moving average price is $11.32. The firm has a market capitalization of $564.27 million, a PE ratio of 13.99 and a beta of 0.84. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.00 and a current ratio of 1.00.

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.