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

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Separately, Keefe, Bruyette & Woods upped their price target on Northfield Bancorp, Inc. (Staten Island, NY) from $9.50 to $11.25 and gave the company a “market perform” rating in a research report on Tuesday, July 30th.

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

NFBK stock opened at $13.57 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.50. The firm has a market cap of $586.09 million, a P/E ratio of 21.20 and a beta of 0.74. Northfield Bancorp, Inc. has a 12-month low of $6.98 and a 12-month high of $14.28. The stock’s 50 day simple moving average is $11.92 and its 200 day simple moving average is $10.73.

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

Institutional Investors Weigh In On Northfield Bancorp, Inc. (Staten Island, NY)

Large investors have recently added to or reduced their stakes in the stock. Signaturefd LLC increased its position in Northfield Bancorp, Inc. (Staten Island, NY) by 227.2% in the third quarter. Signaturefd LLC now owns 2,143 shares of the bank’s stock worth $25,000 after buying an additional 1,488 shares during the period. Point72 Asset Management L.P. acquired a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the second quarter worth $30,000. nVerses Capital LLC increased its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 105.9% during the second quarter. nVerses Capital LLC now owns 3,500 shares of the bank’s stock valued at $33,000 after purchasing an additional 1,800 shares during the period. Point72 DIFC Ltd acquired a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the second quarter valued at $47,000. Finally, EntryPoint Capital LLC acquired a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the first quarter valued at $53,000. 65.51% of the stock is owned by institutional investors and hedge funds.

About Northfield Bancorp, Inc. (Staten Island, NY)

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.