StockNews.com Upgrades Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) to “Hold”

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Thursday.

Separately, Keefe, Bruyette & Woods lifted their price objective on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $14.25 and gave the company a “market perform” rating in a report on Wednesday.

Northfield Bancorp, Inc. (Staten Island, NY) Price Performance

Shares of NFBK stock opened at $13.11 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.50. Northfield Bancorp, Inc. has a 12-month low of $6.98 and a 12-month high of $14.39. The firm has a fifty day moving average of $12.49 and a 200-day moving average of $11.22. The firm has a market capitalization of $562.42 million, a price-to-earnings ratio of 20.48 and a beta of 0.78.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last announced its earnings results on Wednesday, October 23rd. The bank reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The firm had revenue of $62.90 million for the quarter, compared to the consensus estimate of $32.30 million. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 10.94% and a return on equity of 4.05%. On average, equities research analysts forecast that Northfield Bancorp, Inc. will post 0.66 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. CWA Asset Management Group LLC bought a new position in Northfield Bancorp, Inc. (Staten Island, NY) during the third quarter worth about $1,084,000. American Century Companies Inc. increased its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 11.6% during the 2nd quarter. American Century Companies Inc. now owns 602,688 shares of the bank’s stock worth $5,713,000 after acquiring an additional 62,473 shares during the last quarter. GSA Capital Partners LLP lifted its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 367.8% during the 3rd quarter. GSA Capital Partners LLP now owns 197,895 shares of the bank’s stock valued at $2,296,000 after purchasing an additional 155,592 shares during the last quarter. Inspire Investing LLC bought a new position in Northfield Bancorp, Inc. (Staten Island, NY) during the third quarter worth $890,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the third quarter valued at $138,000. 65.51% of the stock is currently owned by institutional investors and hedge funds.

Northfield Bancorp, Inc. (Staten Island, NY) Company Profile

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 certificates of deposit, passbook, statement, and money market savings accounts; transaction deposit accounts comprising negotiable orders of withdrawal accounts, and interest and non-interest-bearing checking accounts; and brokered deposits.