Northfield Bancorp (NASDAQ:NFBK) Downgraded by BidaskClub

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BidaskClub lowered shares of Northfield Bancorp (NASDAQ:NFBK) from a hold rating to a sell rating in a research note published on Monday, BidAskClub reports.

Several other brokerages also recently commented on NFBK. Zacks Investment Research downgraded Northfield Bancorp from a hold rating to a sell rating in a research note on Tuesday, May 7th. TheStreet upgraded Northfield Bancorp from a c+ rating to a b- rating in a research note on Thursday, May 9th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The stock has a consensus rating of Hold and a consensus price target of $18.00.

Shares of NASDAQ NFBK opened at $15.07 on Monday. Northfield Bancorp has a 52 week low of $12.76 and a 52 week high of $17.27. The business has a 50-day moving average of $15.17. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.67. The company has a market cap of $748.66 million, a P/E ratio of 19.83, a P/E/G ratio of 2.51 and a beta of 0.55.

Northfield Bancorp (NASDAQ:NFBK) last issued its earnings results on Wednesday, April 24th. The bank reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. Northfield Bancorp had a return on equity of 5.30% and a net margin of 23.84%. The business had revenue of $30.64 million during the quarter, compared to the consensus estimate of $30.24 million. On average, equities research analysts predict that Northfield Bancorp will post 0.75 EPS for the current fiscal year.

In other Northfield Bancorp news, Director Gil Chapman sold 3,000 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $14.80, for a total value of $44,400.00. Following the completion of the transaction, the director now owns 54,397 shares in the company, valued at approximately $805,075.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Paul Stahlin purchased 4,500 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were acquired at an average price of $14.80 per share, with a total value of $66,600.00. Following the transaction, the director now owns 5,000 shares in the company, valued at approximately $74,000. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 37,375 shares of company stock valued at $566,248. 8.60% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC boosted its position in shares of Northfield Bancorp by 1,200.4% during the 1st quarter. Acadian Asset Management LLC now owns 84,318 shares of the bank’s stock valued at $1,172,000 after acquiring an additional 77,834 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Northfield Bancorp by 10.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 65,104 shares of the bank’s stock valued at $902,000 after acquiring an additional 6,000 shares during the last quarter. Knuff & Co LLC bought a new stake in shares of Northfield Bancorp during the 1st quarter valued at about $51,000. Texas Permanent School Fund boosted its position in shares of Northfield Bancorp by 4.2% during the 1st quarter. Texas Permanent School Fund now owns 32,106 shares of the bank’s stock valued at $446,000 after acquiring an additional 1,307 shares during the last quarter. Finally, Comerica Bank boosted its position in shares of Northfield Bancorp by 2.7% during the 1st quarter. Comerica Bank now owns 46,453 shares of the bank’s stock valued at $674,000 after acquiring an additional 1,235 shares during the last quarter. Hedge funds and other institutional investors own 57.54% of the company’s stock.

About Northfield Bancorp

Northfield Bancorp, Inc (Staten Island, NY) 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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