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

Key Points

• Northfield Bancorp's stock price recently rose above its 200-day moving average, reaching a high of $11.74 during trading, with the last recorded price at $11.41.
• Analysts maintain an average rating of "Hold" for Northfield Bancorp, with a price target of $13.00 and one Buy rating recorded among them.
• The company reported earnings of $0.24 per share for the last quarter, surpassing estimates, while revealing a 4.6% dividend yield following a recent dividend declaration of $0.13 per share.

Northfield Bancorp, Inc. (NASDAQ:NFBK - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.29 and traded as high as $11.74. Northfield Bancorp shares last traded at $11.41, with a volume of 151,874 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a "hold (c)" rating on shares of Northfield Bancorp in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $13.00.

Northfield Bancorp Trading Down 2.1%

The business has a 50 day moving average of $11.48 and a two-hundred day moving average of $11.29. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market capitalization of $477.05 million, a price-to-earnings ratio of 13.27 and a beta of 0.85.

Northfield Bancorp (NASDAQ:NFBK - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The bank reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.02. Northfield Bancorp had a return on equity of 4.64% and a net margin of 13.56%.The business had revenue of $33.21 million for the quarter, compared to the consensus estimate of $34.25 million. Equities analysts predict that Northfield Bancorp, Inc. will post 0.82 EPS for the current year.

Northfield Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Wednesday, August 6th were paid a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, August 6th. This represents a $0.52 annualized dividend and a dividend yield of 4.6%. Northfield Bancorp's dividend payout ratio is 60.47%.

Institutional Trading of Northfield Bancorp

Several institutional investors and hedge funds have recently modified their holdings of NFBK. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Northfield Bancorp by 5.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 61,529 shares of the bank's stock worth $715,000 after purchasing an additional 3,157 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Northfield Bancorp by 9.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,076 shares of the bank's stock worth $152,000 after purchasing an additional 1,159 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Northfield Bancorp by 2,231.4% in the first quarter. GAMMA Investing LLC now owns 42,222 shares of the bank's stock worth $461,000 after purchasing an additional 40,411 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Northfield Bancorp by 156.1% in the first quarter. SG Americas Securities LLC now owns 64,994 shares of the bank's stock worth $709,000 after purchasing an additional 39,614 shares during the last quarter. Finally, Cerity Partners LLC raised its stake in shares of Northfield Bancorp by 58.3% in the first quarter. Cerity Partners LLC now owns 23,480 shares of the bank's stock worth $256,000 after purchasing an additional 8,645 shares during the last quarter. 65.51% of the stock is owned by hedge funds and other institutional investors.

About Northfield Bancorp

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.

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