Northfield Bancorp (NASDAQ:NFBK) Shares Cross Above 200 Day Moving Average – Time to Sell?

Shares of Northfield Bancorp, Inc. (NASDAQ:NFBK) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.20 and traded as high as $14.48. Northfield Bancorp shares last traded at $14.38, with a volume of 158,587 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Northfield Bancorp from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, Northfield Bancorp has a consensus rating of “Hold” and an average target price of $14.50.

Northfield Bancorp Trading Up 0.3%

The stock has a market cap of $608.86 million, a price-to-earnings ratio of 121.50 and a beta of 0.72. The business has a 50-day simple moving average of $14.17 and a two-hundred day simple moving average of $13.25. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.98 and a current ratio of 0.98.

Northfield Bancorp (NASDAQ:NFBK) last posted its quarterly earnings data on Tuesday, April 21st. The bank reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $40.38 million for the quarter, compared to the consensus estimate of $40.60 million. Northfield Bancorp had a net margin of 1.77% and a return on equity of 6.75%.

Northfield Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Wednesday, May 6th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, May 6th. This represents a $0.52 annualized dividend and a yield of 3.6%. Northfield Bancorp’s payout ratio is 433.33%.

Hedge Funds Weigh In On Northfield Bancorp

Several hedge funds have recently modified their holdings of NFBK. Royal Bank of Canada raised its holdings in Northfield Bancorp by 133.1% during the first quarter. Royal Bank of Canada now owns 2,280 shares of the bank’s stock worth $30,000 after acquiring an additional 1,302 shares in the last quarter. Signaturefd LLC grew its stake in Northfield Bancorp by 41.6% in the fourth quarter. Signaturefd LLC now owns 3,019 shares of the bank’s stock valued at $35,000 after purchasing an additional 887 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Northfield Bancorp by 1,195.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,447 shares of the bank’s stock worth $41,000 after purchasing an additional 3,181 shares during the last quarter. Quadrant Capital Group LLC acquired a new position in shares of Northfield Bancorp during the 3rd quarter worth approximately $77,000. Finally, Cornerstone Planning Group LLC raised its stake in shares of Northfield Bancorp by 30,922.6% during the 4th quarter. Cornerstone Planning Group LLC now owns 9,617 shares of the bank’s stock worth $114,000 after purchasing an additional 9,586 shares in the last quarter. Institutional investors own 65.51% of the company’s stock.

About Northfield Bancorp

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.