Northfield Bancorp's (NFBK) "Hold (C)" Rating Reaffirmed at Weiss Ratings

Key Points

• Northfield Bancorp's stock rating has been reaffirmed as "hold (C)" by Weiss Ratings, indicating a cautious outlook for investors.
• The bank reported earnings per share (EPS) of $0.24, surpassing estimates, although its revenue fell short of projections at $33.21 million.
• Approximately 65.51% of Northfield Bancorp's shares are owned by institutional investors and hedge funds, highlighting strong institutional interest in the stock.

Northfield Bancorp (NASDAQ:NFBK - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by stock analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Northfield Bancorp Stock Performance

NFBK stock opened at $11.41 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.26. The firm has a market cap of $477.05 million, a P/E ratio of 13.27 and a beta of 0.85. Northfield Bancorp has a 12-month low of $9.40 and a 12-month high of $14.39. The stock's 50 day simple moving average is $11.48 and its 200 day simple moving average is $11.29.

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 (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.02. The business had revenue of $33.21 million for the quarter, compared to analyst estimates of $34.25 million. Northfield Bancorp had a return on equity of 4.64% and a net margin of 13.56%. As a group, equities research analysts predict that Northfield Bancorp will post 0.82 EPS for the current year.

Institutional Investors Weigh In On Northfield Bancorp

Large investors have recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. acquired a new stake in Northfield Bancorp in the second quarter worth $31,000. GAMMA Investing LLC increased its position in Northfield Bancorp by 113.7% in the first quarter. GAMMA Investing LLC now owns 3,870 shares of the bank's stock worth $42,000 after buying an additional 2,059 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new stake in Northfield Bancorp in the second quarter worth $138,000. Baron Wealth Management LLC acquired a new stake in Northfield Bancorp in the second quarter worth $146,000. Finally, Lazard Asset Management LLC acquired a new position in shares of Northfield Bancorp during the second quarter valued at $146,000. 65.51% of the stock is owned by institutional investors and hedge funds.

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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