Northfield Bancorp (NASDAQ:NFBK) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Price action: Shares of Northfield Bancorp (NFBK) moved above their 200‑day moving average of $12.23, trading as high as $13.98 and last at $13.94, with a market cap of about $582.1M and a 50‑day MA of $13.52.
• Analyst view: The stock has a consensus Hold rating and a $14.33 target, with recent $14.50 targets from Keefe, Bruyette & Woods and New Street Research and Weiss Ratings upgrading from "sell" to "hold."
• Insiders & dividend: Company insiders bought shares recently (director bought 10,000; EVP bought 7,500) and the firm announced a $0.13 quarterly dividend (3.7% yield) despite a very high payout ratio of 433%.

Shares of Northfield Bancorp, Inc. (NASDAQ:NFBK - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.23 and traded as high as $13.98. Northfield Bancorp shares last traded at $13.94, with a volume of 163,749 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. New Street Research set a $14.50 price objective on shares of Northfield Bancorp in a research note on Friday, February 6th. Keefe, Bruyette & Woods raised their price objective on shares of Northfield Bancorp from $12.00 to $14.50 and gave the company a "hold" rating in a research note on Friday, February 6th. Finally, Weiss Ratings raised shares of Northfield Bancorp from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, April 17th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Northfield Bancorp has a consensus rating of "Hold" and a consensus target price of $14.33.

Northfield Bancorp Stock Up 1.2%

The firm has a market capitalization of $582.13 million, a P/E ratio of 116.17 and a beta of 0.75. The firm's 50-day moving average is $13.52 and its 200 day moving average is $12.23. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.99 and a current ratio of 0.99.

Northfield Bancorp (NASDAQ:NFBK - Get Free Report) last posted its quarterly earnings data on Monday, April 20th. The bank reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. The business had revenue of $40.38 million for the quarter, compared to analysts' expectations of $40.60 million. Northfield Bancorp had a net margin of 1.77% and a return on equity of 6.72%.

Northfield Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Wednesday, May 6th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, May 6th. Northfield Bancorp's payout ratio is currently 433.33%.

Insider Buying and Selling at Northfield Bancorp

In other Northfield Bancorp news, Director Paul Stahlin bought 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 17th. The stock was acquired 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 owned 54,354 shares in the company, valued at approximately $716,929.26. This trade represents a 22.55% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David Fasanella bought 7,500 shares of the firm's stock in a transaction that occurred on Thursday, March 19th. The stock was acquired at an average cost of $13.07 per share, with a total value 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 represents a 187.50% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 6.48% of the company's stock.

Institutional Investors Weigh In On Northfield Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC lifted its position in Northfield Bancorp by 41.6% during the 4th quarter. Signaturefd LLC now owns 3,019 shares of the bank's stock worth $35,000 after buying an additional 887 shares in the last quarter. MetLife Investment Management LLC lifted its position in Northfield Bancorp by 4.9% during the 4th quarter. MetLife Investment Management LLC now owns 19,613 shares of the bank's stock worth $224,000 after buying an additional 918 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Northfield Bancorp by 29.9% during the 4th 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 in the last quarter. The Manufacturers Life Insurance Company lifted its position in Northfield Bancorp by 8.3% during the 2nd 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 in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Northfield Bancorp by 6.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,012 shares of the bank's stock worth $251,000 after buying an additional 1,426 shares in the last quarter. 65.51% of the stock is owned by institutional investors.

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.

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