Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Rating Lowered to “Sell” at StockNews.com

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Friday.

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

Northfield Bancorp, Inc. (Staten Island, NY) Trading Up 3.6 %

NASDAQ:NFBK opened at $13.78 on Friday. Northfield Bancorp, Inc. has a fifty-two week low of $6.98 and a fifty-two week high of $14.28. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $591.16 million, a PE ratio of 21.53 and a beta of 0.74. The business’s 50-day simple moving average is $12.17 and its 200-day simple moving average is $10.94.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last released its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.05% and a net margin of 10.94%. The business had revenue of $62.90 million for the quarter, compared to analysts’ expectations of $32.30 million. Sell-side analysts expect that Northfield Bancorp, Inc. will post 0.66 earnings per share for the current fiscal year.

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

Institutional investors have recently bought and sold shares of the company. CWA Asset Management Group LLC bought a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the 3rd quarter valued at approximately $1,084,000. American Century Companies Inc. lifted its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 11.6% in the 2nd quarter. American Century Companies Inc. now owns 602,688 shares of the bank’s stock valued at $5,713,000 after acquiring an additional 62,473 shares in the last quarter. GSA Capital Partners LLP raised its stake in shares of 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 worth $2,296,000 after purchasing an additional 155,592 shares in the last quarter. Inspire Investing LLC bought a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the 3rd quarter worth approximately $890,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the 3rd quarter worth approximately $138,000. Institutional investors own 65.51% of the company’s stock.

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.