Price Action to Note: Northfield Bancorp, Inc. Just Reaches All-Time High?

Price Action to Note: Northfield Bancorp, Inc. Just Reaches All Time High?

The stock of Northfield Bancorp, Inc. (NASDAQ:NFBK) reached all time high today, Nov, 29 and still has $19.62 target or 5.00% above today’s $18.69 share price. This indicates more upside for the $905.84 million company. This technical setup was reported by Barchart.com. If the $19.62 PT is reached, the company will be worth $45.29M 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 50,242 shares traded hands. Northfield Bancorp, Inc. (NASDAQ:NFBK) has risen 13.44% since April 26, 2016 and is uptrending. It has outperformed by 8.18% 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 $6.79M for 33.38 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 “Hold” rating by Zacks given on Wednesday, August 26. The stock of Northfield Bancorp, Inc. (NASDAQ:NFBK) earned “Hold” rating by Jefferies on Tuesday, July 21. The rating was initiated by Piper Jaffray with “Neutral” on Thursday, April 14. The stock of Northfield Bancorp, Inc. (NASDAQ:NFBK) has “Market Perform” rating given on Friday, August 12 by Hovde Group.

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.
Robeco Institutional Asset Management Bv accumulated 81,005 shares or 0.01% of the stock. State Board Of Administration Of Florida Retirement System last reported 12,553 shares in the company. State Street has 0% invested in the company for 1.03 million shares. Diam Limited owns 56,500 shares or 0.01% of their US portfolio. Metropolitan Life New York has invested 0% of its portfolio in Northfield Bancorp, Inc. (NASDAQ:NFBK). Invesco Limited accumulated 441,187 shares or 0% of the stock. Neuberger Berman Group Inc Ltd Llc accumulated 54,100 shares or 0% of the stock. Acadian Asset Mngmt Ltd Liability Corporation, a Massachusetts-based fund reported 476,243 shares. Citigroup Inc holds 8,524 shares or 0% of its portfolio. Boston Partners reported 967,690 shares or 0.02% of all its holdings. First Manhattan Co accumulated 1,282 shares or 0% of the stock. Moreover, Jpmorgan Chase & Company has 0.01% invested in Northfield Bancorp, Inc. (NASDAQ:NFBK) for 1.70 million shares. Alliancebernstein Limited Partnership reported 74,329 shares or 0% of all its holdings. Capstone Asset Management has invested 0.01% of its portfolio in Northfield Bancorp, Inc. (NASDAQ:NFBK). Royal Savings Bank Of Canada last reported 0% of its portfolio in the stock.

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.

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