The stock of Northfield Bancorp, Inc. (NASDAQ:NFBK) reached all time high today, Nov, 14 and still has $29.54 target or 63.00% above today’s $18.12 share price. This indicates more upside for the $880.70 million company. This technical setup was reported by Barchart.com. If the $29.54 PT is reached, the company will be worth $554.84M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 152,102 shares traded hands or 77.57% up from the average. Northfield Bancorp, Inc. (NASDAQ:NFBK) has risen 11.17% since April 12, 2016 and is uptrending. It has outperformed by 6.18% the S&P500.
Northfield Bancorp, Inc. (NASDAQ:NFBK) Ratings Coverage
Out of 4 analysts covering Northfield Bancorp (NASDAQ:NFBK), 0 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 0 are positive. Northfield Bancorp has been the topic of 5 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Northfield Bancorp, Inc. (NASDAQ:NFBK) earned “Hold” rating by Jefferies on Tuesday, July 21. As per Friday, August 12, the company rating was initiated by Hovde Group. The stock of Northfield Bancorp, Inc. (NASDAQ:NFBK) has “Hold” rating given on Wednesday, August 26 by Zacks. Piper Jaffray initiated it with “Neutral” rating and $15 target price in Thursday, April 14 report.
According to Zacks Investment Research, “NORTHFIELD Building Loan and Savings Association in the village of Mariners Harbor, Town of Northfield, County of Richmond, by a group of Staten Islanders for the purpose of rendering mutual aid to each other, and to those who shall hereafter be associated with us.”
Insitutional Activity: The institutional sentiment increased to 1.05 in Q2 2016. Its up 0.43, from 0.62 in 2016Q1. The ratio improved, as 4 funds sold all Northfield Bancorp, Inc. shares owned while 38 reduced positions. 4 funds bought stakes while 40 increased positions. They now own 23.69 million shares or 5.07% less from 24.95 million shares in 2016Q1.
The Minnesota-based Gradient Invests Ltd has invested 0% in Northfield Bancorp, Inc. (NASDAQ:NFBK). Bancshares Of Mellon holds 0% of its portfolio in Northfield Bancorp, Inc. (NASDAQ:NFBK) for 592,299 shares. Texas Permanent School Fund has invested 0.01% of its portfolio in Northfield Bancorp, Inc. (NASDAQ:NFBK). Deutsche Bancshares Ag reported 73,614 shares or 0% of all its holdings. Qs Investors Ltd Liability accumulated 2,400 shares or 0% of the stock. Renaissance Technology Limited Com has invested 0.05% of its portfolio in Northfield Bancorp, Inc. (NASDAQ:NFBK). Amer Intl Group Inc holds 0% or 30,834 shares in its portfolio. New York State Teachers Retirement holds 18,814 shares or 0% of its portfolio. Vanguard Grp Inc Inc has invested 0% of its portfolio in Northfield Bancorp, Inc. (NASDAQ:NFBK). Highlander Cap Mgmt Ltd Limited Liability Company has 0.1% invested in the company for 7,632 shares. Manufacturers Life Ins The holds 0% or 30,496 shares in its portfolio. Ubs Asset Mngmt Americas accumulated 0% or 38,397 shares. Public Sector Pension Board accumulated 27,500 shares or 0% of the stock. Northern Corp has 518,895 shares for 0% of their US portfolio. Diam Limited holds 0.01% or 56,500 shares in its portfolio.
Another recent and important Northfield Bancorp, Inc. (NASDAQ:NFBK) news was published by Nj.com which published an article titled: “HVCBank announces merger with Northfield Bancorp, Inc.” on August 27, 2015.
NFBK Company Profile
Northfield Bancorp, Inc., incorporated on June 4, 2010, is the bank holding firm for Northfield Bank (the Bank). The Bank is a federally chartered savings bank. The Bank’s principal business consists of originating multifamily and other commercial real estate loans, purchasing investment securities, including mortgage-backed securities and corporate bonds, and to a lesser extent depositing funds in other financial institutions. In addition, the Bank refers its clients to independent third parties that provide non-deposit investment products, and one- to four-family residential mortgage products.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.