Northfield Bancorp Inc (NASDAQ: NFBK) has reported earnings for its first fiscal quarter (ending March 31) of $0.15 versus $0.26 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $0.75 compared to $1.28 a year ago.
Recent Price Action
Northfield Bancorp Inc (NASDAQ: NFBK) stock closed at $8.98 on 4/24/24 after a modest gain of 0.8%. NORMAL trading volume accompanied the advance. The stock has risen 10.0% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, NFBK is expected to be Value Creation neutral.
Northfield Bancorp has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Northfield Bancorp has a very high Appreciation Score of 88 but a slightly negative Power Rating of 37, producing the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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