BidaskClub downgraded shares of Northfield Bancorp (NASDAQ:NFBK) from a sell rating to a strong sell rating in a report published on Thursday, September 20th.

A number of other equities research analysts have also commented on the company. ValuEngine upgraded Northfield Bancorp from a sell rating to a hold rating in a research report on Tuesday, September 4th. Zacks Investment Research upgraded Northfield Bancorp from a sell rating to a hold rating in a research report on Friday, August 10th. Finally, Keefe, Bruyette & Woods restated a neutral rating on shares of Northfield Bancorp in a research report on Thursday, August 9th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The company has an average rating of Hold and a consensus price target of $17.75.

NFBK stock traded down $0.64 during midday trading on Thursday, reaching $14.33. 144,795 shares of the stock were exchanged, compared to its average volume of 87,678. The firm has a market capitalization of $787.93 million, a P/E ratio of 19.63, a P/E/G ratio of 2.40 and a beta of 0.41. Northfield Bancorp has a 52 week low of $14.24 and a 52 week high of $18.39. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.81.

Northfield Bancorp (NASDAQ:NFBK) last issued its quarterly earnings data on Friday, July 27th. The bank reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. Northfield Bancorp had a return on equity of 5.75% and a net margin of 18.48%. The business had revenue of $30.22 million for the quarter, compared to analyst estimates of $30.37 million. As a group, equities research analysts expect that Northfield Bancorp will post 0.83 EPS for the current fiscal year.

In related news, Director John P. Connors, Jr. sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $16.62, for a total transaction of $41,550.00. Following the transaction, the director now directly owns 107,103 shares of the company’s stock, valued at approximately $1,780,051.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Robin Lefkowitz sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $16.30, for a total value of $32,600.00. Following the transaction, the executive vice president now directly owns 24,670 shares in the company, valued at $402,121. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,231 shares of company stock worth $166,840. 9.20% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the stock. California Public Employees Retirement System raised its stake in Northfield Bancorp by 14.1% during the 2nd quarter. California Public Employees Retirement System now owns 162,942 shares of the bank’s stock worth $2,708,000 after buying an additional 20,158 shares during the period. Dimensional Fund Advisors LP raised its stake in Northfield Bancorp by 3.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,542,428 shares of the bank’s stock worth $58,875,000 after buying an additional 115,381 shares during the period. Legal & General Group Plc raised its stake in Northfield Bancorp by 7.2% during the 2nd quarter. Legal & General Group Plc now owns 91,952 shares of the bank’s stock worth $1,528,000 after buying an additional 6,203 shares during the period. BlackRock Inc. raised its stake in Northfield Bancorp by 7.3% during the 2nd quarter. BlackRock Inc. now owns 6,402,460 shares of the bank’s stock worth $106,409,000 after buying an additional 436,513 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in Northfield Bancorp by 5.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 248,583 shares of the bank’s stock worth $4,132,000 after buying an additional 13,377 shares during the period. 55.16% of the stock is currently owned by institutional investors and hedge funds.

Northfield Bancorp Company Profile

Northfield Bancorp, Inc 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 transaction accounts comprising negotiable orders of withdrawal accounts and non-interest bearing checking accounts; savings accounts, such as money market, passbook, and statement savings; certificates of deposit consisting of individual retirement accounts; and brokered deposits.

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