Northfield Bancorp (NFBK) is Initiated by Hovde Group to Market Perform, Price Target at $16

Northfield Bancorp (NFBK) was Initiated by Hovde Group to “Market Perform” and the brokerage firm has set the Price Target at $16. Hovde Group advised their investors in a research report released on Aug 12, 2016.

On the company’s financial health, Northfield Bancorp reported $0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.13. The company had revenue of $25.64 million for the quarter, compared to analysts expectations of $24.90 million. The company’s revenue was up 26.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

Northfield Bancorp closed down -0.1 points or -0.65% at $15.33 with 53,880 shares getting traded on Monday. Post opening the session at $15.34, the shares hit an intraday low of $15.27 and an intraday high of $15.39 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Jun 15, 2016, John P Jr Connors (director) purchased 1,000 shares at $14.76 per share price. According to the SEC, on Jun 13, 2016, Patrick E Jr Scura (director) sold 2,500 shares at $15.23 per share price. On Jun 8, 2016, Susan Lamberti (director) sold 3,000 shares at $15.52 per share price, according to the Form-4 filing with the securities and exchange commission.

Northfield Bancorp

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