Today’s Market Runner: Will Northfield Bancorp, Inc. Run Out of Steam Soon?

Today's Market Runner: Will Northfield Bancorp, Inc. Run Out of Steam Soon?

The stock of Northfield Bancorp, Inc. (NASDAQ:NFBK) reached all time high today, Nov, 22 and still has $19.00 target or 3.00% above today’s $18.45 share price. This indicates more upside for the $892.30M company. This technical setup was reported by Barchart.com. If the $19.00 PT is reached, the company will be worth $26.77 million 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 58,512 shares traded hands. Northfield Bancorp, Inc. (NASDAQ:NFBK) has risen 12.08% since April 20, 2016 and is uptrending. It has outperformed by 7.53% 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 firm has “Hold” rating given on Wednesday, August 26 by Zacks. The company was initiated on Thursday, April 14 by Piper Jaffray. Hovde Group initiated the shares of NFBK in a report on Friday, August 12 with “Market Perform” rating. The stock of Northfield Bancorp, Inc. (NASDAQ:NFBK) earned “Hold” rating by Jefferies on Tuesday, July 21.

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 1.36 in 2016 Q2. Its up 0.31, from 1.05 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.
Td Asset Mngmt owns 153,400 shares or 0% of their US portfolio. Citadel Advsr Limited Liability Corporation has 46,507 shares for 0% of their US portfolio. Credit Suisse Ag last reported 50,357 shares in the company. Hutchin Hill Limited Partnership accumulated 0.07% or 138,500 shares. Nationwide Fund holds 43,048 shares or 0% of its portfolio. Prudential Fincl has 0% invested in the company for 103,635 shares. Ubs Asset Mgmt Americas, a Illinois-based fund reported 38,397 shares. Teachers Advsr Incorporated has invested 0% of its portfolio in Northfield Bancorp, Inc. (NASDAQ:NFBK). Mutual Of America Capital Limited Liability has 314,960 shares for 0.1% of their US portfolio. Blackrock Invest Management Limited Liability Corporation, a New Jersey-based fund reported 192,997 shares. Capstone Asset Communication accumulated 0.01% or 15,960 shares. Moreover, Blackrock Advsr Ltd Liability Corporation has 0% invested in Northfield Bancorp, Inc. (NASDAQ:NFBK) for 20,089 shares. Deutsche Bancorp Ag accumulated 73,614 shares or 0% of the stock. Guggenheim Cap Lc holds 96,369 shares or 0% of its portfolio. Susquehanna Ltd Liability Partnership holds 14,046 shares or 0% of its portfolio.

More news for Northfield Bancorp, Inc. (NASDAQ:NFBK) were recently published by: Nj.com, which released: “HVCBank announces merger with Northfield Bancorp, Inc.” on August 27, 2015. Globenewswire.com‘s article titled: “Northfield Bancorp, Inc. Announces Third Quarter 2016 Results” and published on October 26, 2016 is yet another important article.

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.

Leave a Comment