Piper Jaffray Initiates Coverage on Northfield Bancorp to Neutral

Piper Jaffray Initiates Coverage on Northfield Bancorp(NASDAQ:NFBK). The shares have been rated Neutral. The rating by Piper Jaffray was issued on Apr 14, 2016.

Northfield Bancorp (NFBK) made into the market gainers list on Mondays trading session with the shares advancing 0.49% or 0.08 points. Due to strong positive momentum, the stock ended at $16.44, which is also near the day’s high of $16.45. The stock began the session at $16.25 and the volume stood at 69,659 shares. The 52-week high of the shares is $16.68 and the 52 week low is $14.32. The company has a current market capitalization of $794 M and it has 4,82,87,468 shares in outstanding.

Northfield Bancorp(NFBK) last announced its earnings results on Oct 28, 2015 for Fiscal Year 2015 and Q3.Company reported revenue of $22.24M. Analysts had an estimated revenue of $21.33M. Earnings per share were $0.11. Analysts had estimated an EPS of $0.12.

Several Insider Transactions has been reported to the SEC. On Mar 17, 2016, John R Bowen (director) sold 3,000 shares at $16.06 per share price.Also, On Mar 4, 2016, Susan Lamberti (director) sold 10,000 shares at $16.10 per share price.On Feb 23, 2016, Patrick Louis Ryan (director) sold 40,000 shares at $15.35 per share price, according to the Form-4 filing with the securities and exchange commission.

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