Exclusive: What’s Ahead for Northfield Bancorp, Inc. After Making 52-Week High?

Exclusive: What's Ahead for Northfield Bancorp, Inc. After Making 52 Week High?

The stock of Northfield Bancorp, Inc. (NASDAQ:NFBK) hit a new 52-week high and has $20.54 target or 9.00% above today’s $18.84 share price. The 9 months bullish chart indicates low risk for the $906.32 million company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $20.54 price target is reached, the company will be worth $81.57 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 0.48% or $0.09 during the last trading session, hitting $18.84. About 40,522 shares traded hands. Northfield Bancorp, Inc. (NASDAQ:NFBK) has risen 13.50% since April 22, 2016 and is uptrending. It has outperformed by 8.09% the S&P500.

Analysts await Northfield Bancorp, Inc. (NASDAQ:NFBK) to report earnings on January, 25. They expect $0.14 earnings per share, up 7.69% or $0.01 from last year’s $0.13 per share. NFBK’s profit will be $6.73 million for 33.64 P/E if the $0.14 EPS becomes a reality. After $0.17 actual earnings per share reported by Northfield Bancorp, Inc. for the previous quarter, Wall Street now forecasts -17.65% negative EPS growth.

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 “Neutral” rating by Piper Jaffray given on Thursday, April 14. Hovde Group initiated Northfield Bancorp, Inc. (NASDAQ:NFBK) on Friday, August 12 with “Market Perform” rating. As per Tuesday, July 21, the company rating was initiated by Jefferies. Zacks upgraded the shares of NFBK in a report on Wednesday, August 26 to “Hold” rating.

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 Q2 2016. 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.
Rhumbline Advisers has 98,034 shares for 0% of their US portfolio. Guggenheim Ltd Liability Corp last reported 96,369 shares in the company. Moreover, Finemark Comml Bank has 0% invested in Northfield Bancorp, Inc. (NASDAQ:NFBK) for 214 shares. Blackrock Institutional Trust Na last reported 1.37M shares in the company. New York State Common Retirement Fund reported 55,358 shares or 0% of all its holdings. Blackrock Fund Advsr last reported 2.53M shares in the company. The Pennsylvania-based Nationwide Fund has invested 0% in Northfield Bancorp, Inc. (NASDAQ:NFBK). Renaissance Ltd Limited Liability Company, a New York-based fund reported 1.79M shares. Texas Permanent School Fund last reported 0.01% of its portfolio in the stock. Citadel Advisors Ltd Limited Liability Company has 46,507 shares for 0% of their US portfolio. Capstone Asset has invested 0.01% of its portfolio in Northfield Bancorp, Inc. (NASDAQ:NFBK). Comml Bank Of New York Mellon accumulated 592,299 shares or 0% of the stock. Diam last reported 56,500 shares in the company. Wall Street Access Asset Limited Company holds 40,055 shares or 0.36% of its portfolio. Neuberger Berman Grp Inc Lc last reported 54,100 shares in the company.

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.

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