BidaskClub lowered shares of Northfield Bancorp (NASDAQ:NFBK) from a hold rating to a sell rating in a research report sent to investors on Friday.
A number of other equities research analysts have also recently commented on the company. Keefe, Bruyette & Woods reissued a hold rating and issued a $20.00 price objective on shares of Northfield Bancorp in a research note on Friday, December 22nd. Piper Jaffray Companies reissued a hold rating on shares of Northfield Bancorp in a research note on Friday, November 10th.
Shares of Northfield Bancorp (NFBK) traded up $0.08 during mid-day trading on Friday, reaching $16.87. The company’s stock had a trading volume of 50,041 shares, compared to its average volume of 111,841. The company has a market capitalization of $820.69, a P/E ratio of 24.69, a P/E/G ratio of 2.49 and a beta of 0.08. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.17 and a current ratio of 1.17. Northfield Bancorp has a 1-year low of $15.35 and a 1-year high of $20.00.
In other Northfield Bancorp news, EVP Robin Lefkowitz sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $17.00, for a total value of $34,000.00. Following the completion of the sale, the executive vice president now owns 30,433 shares of the company’s stock, valued at $517,361. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 9.34% of the company’s stock.
A number of institutional investors have recently made changes to their positions in NFBK. Moors & Cabot Inc. purchased a new position in shares of Northfield Bancorp during the second quarter valued at approximately $172,000. Piedmont Investment Advisors LLC purchased a new position in shares of Northfield Bancorp during the third quarter valued at approximately $175,000. GSA Capital Partners LLP purchased a new position in shares of Northfield Bancorp during the second quarter valued at approximately $181,000. SG Americas Securities LLC purchased a new position in shares of Northfield Bancorp during the third quarter valued at approximately $199,000. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of Northfield Bancorp during the third quarter valued at approximately $243,000. 53.07% of the stock is owned by hedge funds and other institutional investors.
Northfield Bancorp Company Profile
Northfield Bancorp, Inc is a holding company for Northfield Bank (the Bank). Northfield Bank’s principal business consists of originating commercial real estate loans and multifamily real estate loans, purchasing investment securities including mortgage-backed securities and corporate bonds, as well as depositing funds in other financial institutions.
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