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

Northfield Bancorp, Inc. (NASDAQ:NFBK) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.85 and traded as high as $14.29. Northfield Bancorp shares last traded at $14.06, with a volume of 473,919 shares traded.

Analysts Set New Price Targets

Several brokerages have weighed in on NFBK. Weiss Ratings raised Northfield Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. New Street Research set a $14.50 price target on Northfield Bancorp in a research report on Friday, February 6th. Finally, Keefe, Bruyette & Woods increased their price target on Northfield Bancorp from $12.00 to $14.50 and gave the stock a “hold” rating in a research report on Friday, February 6th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Northfield Bancorp presently has a consensus rating of “Hold” and an average target price of $14.50.

Northfield Bancorp Trading Up 0.6%

The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $599.26 million, a price-to-earnings ratio of 119.58 and a beta of 0.72. The company has a fifty day moving average of $13.94 and a 200-day moving average of $12.88.

Northfield Bancorp (NASDAQ:NFBK) last posted its quarterly earnings data on Tuesday, April 21st. The bank reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. The company had revenue of $40.38 million for the quarter, compared to analysts’ expectations of $40.60 million. Northfield Bancorp had a return on equity of 6.75% and a net margin of 1.77%.

Northfield Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Wednesday, May 6th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Wednesday, May 6th. Northfield Bancorp’s payout ratio is presently 433.33%.

Insider Activity at Northfield Bancorp

In other news, Director Paul Stahlin bought 10,000 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were bought at an average price of $13.19 per share, with a total value of $131,900.00. Following the completion of the transaction, the director directly owned 54,354 shares in the company, valued at $716,929.26. This trade represents a 22.55% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David Fasanella bought 7,500 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was purchased at an average cost of $13.07 per share, for a total transaction of $98,025.00. Following the transaction, the executive vice president owned 11,500 shares of the company’s stock, valued at $150,305. This trade represents a 187.50% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 5.95% of the stock is currently owned by insiders.

Institutional Trading of Northfield Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC grew its position in Northfield Bancorp by 41.6% during the fourth quarter. Signaturefd LLC now owns 3,019 shares of the bank’s stock worth $35,000 after buying an additional 887 shares during the period. MetLife Investment Management LLC grew its position in Northfield Bancorp by 4.9% during the fourth quarter. MetLife Investment Management LLC now owns 19,613 shares of the bank’s stock worth $224,000 after buying an additional 918 shares during the period. Russell Investments Group Ltd. grew its position in Northfield Bancorp by 29.9% during the fourth quarter. Russell Investments Group Ltd. now owns 4,479 shares of the bank’s stock worth $51,000 after buying an additional 1,032 shares during the period. The Manufacturers Life Insurance Company grew its position in Northfield Bancorp by 8.3% during the second quarter. The Manufacturers Life Insurance Company now owns 15,129 shares of the bank’s stock worth $174,000 after buying an additional 1,164 shares during the period. Finally, Royal Bank of Canada grew its position in Northfield Bancorp by 133.1% during the first quarter. Royal Bank of Canada now owns 2,280 shares of the bank’s stock worth $30,000 after buying an additional 1,302 shares during the period. Hedge funds and other institutional investors own 65.51% of the company’s stock.

Northfield Bancorp Company Profile

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.