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

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to 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 stock a “market perform” rating in a research note on Tuesday, July 30th.

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

NASDAQ:NFBK traded down $0.36 during trading hours on Tuesday, hitting $13.74. 214,853 shares of the stock were exchanged, compared to its average volume of 277,297. The company has a market cap of $593.43 million, a P/E ratio of 21.47 and a beta of 0.74. The firm’s fifty day moving average price is $11.88 and its 200 day moving average price is $10.71. Northfield Bancorp, Inc. has a 52-week low of $6.98 and a 52-week high of $14.28. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.50.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last released its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates 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 firm had revenue of $62.90 million for the quarter, compared to analysts’ expectations of $32.30 million. As a group, equities research analysts anticipate that Northfield Bancorp, Inc. will post 0.67 EPS for the current fiscal year.

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

A number of hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC increased its holdings 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 valued at $25,000 after buying an additional 1,488 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the 2nd quarter worth approximately $30,000. nVerses Capital LLC grew its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 105.9% in the 2nd quarter. nVerses Capital LLC now owns 3,500 shares of the bank’s stock worth $33,000 after acquiring an additional 1,800 shares during the period. Point72 DIFC Ltd purchased a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the 2nd quarter worth approximately $47,000. Finally, EntryPoint Capital LLC purchased a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the 1st quarter worth approximately $53,000. Institutional investors and hedge funds 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.