Northfield Bancorp Inc. (Staten Island NY) (NFBK) shares are trading at higher $9.63 and the avg recommendation for the stock is Hold. while the current analyst price target stands at $12.00.
To add more color to this target, the company’s high over the last year is $17.55 and the low is $9.27. Over the last 52 weeks, NFBK is down -38.39% while the S&P 500 is up 16.12%%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, NFBK reported a profit of $30.23 million. Northfield Bancorp Inc. (Staten Island NY) also saw revenues increase to $40.91 million. In addition, NFBK has free cash flow of $25.56 million as of 06-2020.
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NFBK booked profit margins of 22.80%, its Return on Equity (ROE) is 5.50%, and its Return on Assets is 0.80%. All told, it is clear that, NFBK needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. NFBK has a short ratio of 3.55 and outstanding shares of 53.13M.
NFBK has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at 0.82. Investors should also keep an eye on sector updates as NFBK has historically followed its peers on positive news.
All told, Northfield Bancorp Inc. (Staten Island NY) NFBK has strung together solid data and demonstrated underlying fundamentals. At its current valuation, NFBK represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Northfield Bancorp Inc. (Staten Island NY) NFBK is now commanding a market cap of 510.49M and a float of 50.98M. NFBK is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of NFBK stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in NFBK, either long or short, and we have not been compensated for this article.