Northfield Bancorp (NASDAQ:NFBK) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Northfield Bancorp, Inc. (NASDAQ:NFBK - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.34 and traded as high as $12.05. Northfield Bancorp shares last traded at $11.48, with a volume of 207,042 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods decreased their target price on Northfield Bancorp from $12.50 to $12.00 and set a "market perform" rating for the company in a report on Tuesday, April 29th. Piper Sandler raised Northfield Bancorp from a "neutral" rating to an "overweight" rating and increased their price target for the company from $13.00 to $14.00 in a research report on Friday, May 2nd.

Northfield Bancorp Trading Up 4.2%

The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.98 and a current ratio of 0.98. The company's 50-day moving average price is $11.45 and its 200-day moving average price is $11.34. The firm has a market capitalization of $509.85 million, a PE ratio of 15.74 and a beta of 0.79.

Northfield Bancorp (NASDAQ:NFBK - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.01. The company had revenue of $34.81 million for the quarter, compared to analysts' expectations of $29.82 million. Northfield Bancorp had a return on equity of 4.34% and a net margin of 12.35%. On average, sell-side analysts expect that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current year.

Northfield Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were paid a dividend of $0.13 per share. The ex-dividend date was Wednesday, May 7th. This represents a $0.52 dividend on an annualized basis and a yield of 4.35%. Northfield Bancorp's dividend payout ratio is presently 68.42%.

Insider Buying and Selling at Northfield Bancorp

In related news, Director Frank P. Patafio sold 5,000 shares of the stock in a transaction on Monday, April 28th. The shares were sold at an average price of $10.13, for a total transaction of $50,650.00. Following the completion of the sale, the director owned 147,938 shares in the company, valued at $1,498,611.94. This represents a 3.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.48% of the company's stock.

Institutional Investors Weigh In On Northfield Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of NFBK. Nuveen LLC acquired a new stake in shares of Northfield Bancorp in the 1st quarter worth approximately $1,225,000. Vanguard Group Inc. raised its stake in shares of Northfield Bancorp by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 2,356,797 shares of the bank's stock worth $25,713,000 after buying an additional 84,883 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Northfield Bancorp by 28.1% during the 4th quarter. JPMorgan Chase & Co. now owns 358,962 shares of the bank's stock worth $4,171,000 after buying an additional 78,843 shares during the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of Northfield Bancorp by 106.5% in the 4th quarter. Cubist Systematic Strategies LLC now owns 122,927 shares of the bank's stock worth $1,428,000 after buying an additional 63,398 shares in the last quarter. Finally, Trexquant Investment LP grew its stake in Northfield Bancorp by 66.2% in the 1st quarter. Trexquant Investment LP now owns 150,521 shares of the bank's stock valued at $1,642,000 after acquiring an additional 59,955 shares during the last quarter. Institutional investors and hedge funds 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.