Stock Rating Upgrade
Of late the Value Trend Rating for Northfield Bancorp Inc (NASDAQ: NFBK) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Northfield Bancorp Inc (NASDAQ: NFBK) stock closed at $9.23 on 4/8/24 after an increase of 1.5%. However, this advance was accompanied by unusually low trading volume at 63% of normal. The stock has declined -5.0% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
NFBK’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
Northfield Bancorp has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Northfield Bancorp has a very high Appreciation Score of 87 but a neutral Power Rating of 42, and the Positive Value Trend Rating results.
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