The stock of Northfield Bancorp Inc (NFBK) has seen a 1.97% increase in the past week, with a -11.15% drop in the past month, and a -37.53% decrease in the past quarter. The volatility ratio for the week is 5.70%, and the volatility levels for the past 30 days are at 3.58% for NFBK. The simple moving average for the past 20 days is -6.94% for NFBK’s stock, with a -20.88% simple moving average for the past 200 days.
Is It Worth Investing in Northfield Bancorp Inc (NASDAQ: NFBK) Right Now?
Northfield Bancorp Inc (NASDAQ: NFBK) has a price-to-earnings ratio of 11.10x that is above its average ratio. Additionally, the 36-month beta value for NFBK is 0.68. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
The public float for NFBK is 38.91M and currently, short sellers hold a 3.28% ratio of that float. The average trading volume of NFBK on April 26, 2024 was 215.73K shares.
NFBK) stock’s latest price update
Northfield Bancorp Inc (NASDAQ: NFBK)’s stock price has dropped by -7.68 in relation to previous closing price of 8.98. Nevertheless, the company has seen a gain of 1.97% in its stock price over the last five trading days. Seeking Alpha reported 2024-03-13 that Interest rate cuts will trigger loan growth and help the margin to expand this year. Northfield Bancorp’s earnings will likely remain flat as operating expense growth will counter loan and margin growth. The December 2024 target price suggests a price upside of over 22%.
Analysts’ Opinion of NFBK
Piper Sandler, on the other hand, stated in their research note that they expect to see NFBK reach a price target of $18. The rating they have provided for NFBK stocks is “Neutral” according to the report published on September 27th, 2021.
DA Davidson gave a rating of “Buy” to NFBK, setting the target price at $15 in the report published on December 18th of the previous year.
NFBK Trading at -13.01% from the 50-Day Moving Average
After a stumble in the market that brought NFBK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -38.50% of loss for the given period.
Volatility was left at 3.58%, however, over the last 30 days, the volatility rate increased by 5.70%, as shares sank -14.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.27% lower at present.
During the last 5 trading sessions, NFBK rose by +1.97%, which changed the moving average for the period of 200-days by -24.84% in comparison to the 20-day moving average, which settled at $8.84. In addition, Northfield Bancorp Inc saw -34.10% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NFBK starting from Ryan Patrick Louis, who purchase 10,000 shares at the price of $9.92 back on Sep 19 ’23. After this action, Ryan Patrick Louis now owns 56,341 shares of Northfield Bancorp Inc, valued at $99,207 using the latest closing price.
Stock Fundamentals for NFBK
Current profitability levels for the company are sitting at:
- 0.37 for the present operating margin
- 1.08 for the gross margin
The net margin for Northfield Bancorp Inc stands at 0.22. The total capital return value is set at 0.02. Equity return is now at value 4.61, with 0.56 for asset returns.
Based on Northfield Bancorp Inc (NFBK), the company’s capital structure generated 0.57 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 1.32. The interest coverage ratio of the stock is 0.96.
Currently, EBITDA for the company is 51.76 million with net debt to EBITDA at 10.87. When we switch over and look at the enterprise to sales, we see a ratio of 6.3. The receivables turnover for the company is 9.4for trailing twelve months and the total asset turnover is 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.93.
Conclusion
In conclusion, Northfield Bancorp Inc (NFBK) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
