Northfield Bancorp (NASDAQ:NFBK) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Northfield Bancorp, Inc. (NASDAQ:NFBK) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.50 and traded as high as $14.68. Northfield Bancorp shares last traded at $14.62, with a volume of 168,041 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have commented on NFBK shares. Weiss Ratings cut shares of Northfield Bancorp from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. Wall Street Zen upgraded Northfield Bancorp to a “hold” rating in a research note on Saturday, July 4th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $14.50.

Northfield Bancorp Trading Up 0.2%

The company has a debt-to-equity ratio of 1.24, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $616.02 million, a price-to-earnings ratio of 122.92 and a beta of 0.71. The business has a 50 day simple moving average of $14.41 and a 200 day simple moving average of $13.52.

Northfield Bancorp (NASDAQ:NFBK) last announced its earnings results on Tuesday, April 21st. The bank reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Northfield Bancorp had a return on equity of 6.75% and a net margin of 1.77%.The company had revenue of $40.38 million during the quarter, compared to analyst estimates of $40.60 million.

Institutional Investors Weigh In On Northfield Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NFBK. Royal Bank of Canada raised its stake in shares of Northfield Bancorp by 133.1% in the first quarter. Royal Bank of Canada now owns 2,280 shares of the bank’s stock worth $30,000 after acquiring an additional 1,302 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Northfield Bancorp by 41.6% in the fourth quarter. Signaturefd LLC now owns 3,019 shares of the bank’s stock valued at $35,000 after purchasing an additional 887 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Northfield Bancorp by 1,195.9% in the third quarter. Russell Investments Group Ltd. now owns 3,447 shares of the bank’s stock valued at $41,000 after purchasing an additional 3,181 shares in the last quarter. Quadrant Capital Group LLC acquired a new stake in shares of Northfield Bancorp in the third quarter valued at approximately $77,000. Finally, Cornerstone Planning Group LLC raised its position in Northfield Bancorp by 30,922.6% in the 4th quarter. Cornerstone Planning Group LLC now owns 9,617 shares of the bank’s stock worth $114,000 after purchasing an additional 9,586 shares during the last quarter. Institutional investors and hedge funds own 65.51% of the company’s stock.

About Northfield Bancorp

Northfield Bancorp is the bank holding company for Northfield Bank, a New Jersey‐based community bank offering a full range of financial products and services. Headquartered in New Jersey, the company serves individuals, families and small to mid‐sized businesses across Northern and Central New Jersey. Northfield Bancorp focuses on building lasting customer relationships through a combination of personalized service and technology‐driven solutions.

Through its subsidiary, Northfield Bank provides personal banking services such as checking and savings accounts, consumer loans, mortgage products and home equity lines of credit.