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

Northfield Bancorp, Inc. (NASDAQ:NFBK - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.34 and traded as high as $12.15. Northfield Bancorp shares last traded at $11.96, with a volume of 158,266 shares.

Wall Street Analysts Forecast Growth

NFBK has been the topic of a number of analyst reports. Piper Sandler raised Northfield Bancorp from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $13.00 to $14.00 in a research note on Friday, May 2nd. Keefe, Bruyette & Woods decreased their price objective on Northfield Bancorp from $12.50 to $12.00 and set a "market perform" rating for the company in a research report on Tuesday, April 29th.

Northfield Bancorp Price Performance

The stock has a market capitalization of $501.76 million, a price-to-earnings ratio of 15.49 and a beta of 0.78. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.08. The stock has a 50-day simple moving average of $11.74 and a 200 day simple moving average of $11.33.

Northfield Bancorp (NASDAQ:NFBK - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.01. Northfield Bancorp had a return on equity of 4.34% and a net margin of 12.35%. The firm had revenue of $34.81 million during the quarter, compared to analyst estimates of $29.82 million. On average, equities research analysts forecast that Northfield Bancorp, Inc. will post 0.82 EPS for the current fiscal year.

Northfield Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, May 7th. This represents a $0.52 annualized dividend and a dividend yield of 4.42%. Northfield Bancorp's dividend payout ratio is 68.42%.

Insider Activity at Northfield Bancorp

In related news, Director Frank P. Patafio sold 5,000 shares of the business's stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $10.13, for a total value of $50,650.00. Following the completion of the sale, the director owned 147,938 shares of the company's stock, valued at approximately $1,498,611.94. The trade was a 3.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 6.48% of the company's stock.

Institutional Investors Weigh In On Northfield Bancorp

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of Northfield Bancorp by 113.7% in the 1st quarter. GAMMA Investing LLC now owns 3,870 shares of the bank's stock valued at $42,000 after buying an additional 2,059 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Northfield Bancorp in the 4th quarter valued at approximately $74,000. Quarry LP grew its stake in shares of Northfield Bancorp by 193.1% in the 4th quarter. Quarry LP now owns 6,981 shares of the bank's stock valued at $81,000 after buying an additional 4,599 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Northfield Bancorp in the 4th quarter valued at approximately $107,000. Finally, ProShare Advisors LLC bought a new stake in shares of Northfield Bancorp in the 4th quarter valued at approximately $125,000. Institutional investors own 65.51% of the company's stock.

Northfield Bancorp Company Profile

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.