Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Stock

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) had its price target increased by research analysts at Keefe, Bruyette & Woods from $12.50 to $14.25 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 8.28% from the company’s previous close.

Separately, StockNews.com downgraded Northfield Bancorp, Inc. (Staten Island, NY) from a “hold” rating to a “sell” rating in a report on Friday, November 22nd.

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

NFBK opened at $13.16 on Wednesday. The stock has a market cap of $564.56 million, a PE ratio of 20.56 and a beta of 0.78. Northfield Bancorp, Inc. has a 1 year low of $6.98 and a 1 year high of $14.39. The stock’s 50 day simple moving average is $12.45 and its 200-day simple moving average is $11.19. 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 announced its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 10.94% and a return on equity of 4.05%. The company had revenue of $62.90 million during the quarter, compared to analysts’ expectations of $32.30 million. Sell-side analysts forecast that Northfield Bancorp, Inc. will post 0.66 EPS for the current year.

Institutional Trading of Northfield Bancorp, Inc. (Staten Island, NY)

Several large investors have recently added to or reduced their stakes in the company. Signaturefd LLC boosted its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 227.2% in the 3rd quarter. Signaturefd LLC now owns 2,143 shares of the bank’s stock worth $25,000 after acquiring an additional 1,488 shares in the last quarter. Quarry LP bought a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the 3rd quarter valued at $28,000. Point72 Asset Management L.P. acquired a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the second quarter worth $30,000. nVerses Capital LLC grew its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 105.9% during the second quarter. nVerses Capital LLC now owns 3,500 shares of the bank’s stock worth $33,000 after purchasing an additional 1,800 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the second quarter valued at $47,000. 65.51% of the stock is owned by institutional investors.

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.