Northfield Bancorp (NASDAQ:NFBK) Upgraded at Zacks Investment Research

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Zacks Investment Research upgraded shares of Northfield Bancorp (NASDAQ:NFBK) from a sell rating to a hold rating in a research note published on Thursday morning, Zacks.com reports.

According to Zacks, “NORTHFIELD Building Loan and Savings Association in the village of Mariners Harbor, Town of Northfield, County of Richmond, by a group of Staten Islanders for the purpose of rendering mutual aid to each other, and to those who shall hereafter be associated with us. “

Several other analysts have also recently commented on NFBK. ValuEngine upgraded Northfield Bancorp from a sell rating to a hold rating in a research report on Saturday, December 21st. BidaskClub cut Northfield Bancorp from a sell rating to a strong sell rating in a research report on Friday, January 10th.

Northfield Bancorp stock opened at $15.69 on Thursday. The stock has a market capitalization of $771.32 million, a PE ratio of 18.45 and a beta of 0.57. Northfield Bancorp has a 12 month low of $13.35 and a 12 month high of $17.55. The business has a 50 day simple moving average of $16.32 and a 200-day simple moving average of $16.36. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.02 and a quick ratio of 0.99.

Northfield Bancorp (NASDAQ:NFBK) last posted its quarterly earnings data on Wednesday, January 29th. The bank reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.01. The business had revenue of $32.67 million during the quarter. Northfield Bancorp had a return on equity of 5.71% and a net margin of 22.36%. On average, equities research analysts anticipate that Northfield Bancorp will post 0.79 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Tuesday, February 11th. Northfield Bancorp’s payout ratio is 56.41%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Simplex Trading LLC purchased a new stake in Northfield Bancorp in the 4th quarter valued at $27,000. Royal Bank of Canada grew its holdings in Northfield Bancorp by 33.1% in the 2nd quarter. Royal Bank of Canada now owns 2,662 shares of the bank’s stock valued at $41,000 after buying an additional 662 shares in the last quarter. Advisor Group Inc. grew its holdings in Northfield Bancorp by 35.2% in the 4th quarter. Advisor Group Inc. now owns 2,421 shares of the bank’s stock valued at $41,000 after buying an additional 630 shares in the last quarter. Bank of Montreal Can grew its holdings in Northfield Bancorp by 35.9% in the 4th quarter. Bank of Montreal Can now owns 5,759 shares of the bank’s stock valued at $98,000 after buying an additional 1,522 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Northfield Bancorp by 52.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 6,090 shares of the bank’s stock valued at $99,000 after buying an additional 2,105 shares in the last quarter. Hedge funds and other institutional investors own 59.98% of the company’s stock.

About Northfield Bancorp

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 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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