Northfield Bancorp (NFBK) Downgraded by BidaskClub to “Sell”

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.

Northfield Bancorp (NASDAQ:NFBK) last issued its earnings results on Wednesday, October 25th. The bank reported $0.17 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.17. The business had revenue of $29.97 million during the quarter, compared to the consensus estimate of $29.66 million. Northfield Bancorp had a return on equity of 4.97% and a net margin of 24.39%. research analysts predict that Northfield Bancorp will post 0.73 EPS for the current year.

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.

ILLEGAL ACTIVITY WARNING: This article was first published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this article on another site, it was illegally copied and reposted in violation of U.S. & international copyright & trademark laws. The original version of this article can be viewed at https://sportsperspectives.com/2018/01/06/northfield-bancorp-nfbk-downgraded-by-bidaskclub-to-sell.html.

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.

Receive News & Ratings for Northfield Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northfield Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply