Northfield Bancorp Inc (NASDAQ: NFBK) Drops -15.26% Over A Month, But Analysts Still See Upside Potential

Northfield Bancorp Inc (NASDAQ:NFBK) currently has a daily average trading volume of 171.18K but it saw 247896 shares traded in last market. With a market cap of 476.66M USD, the company’s current market price of $11.11 came falling about -1.24 while comparing to the previous closing price of $11.25. In past 52 weeks, the stock remained buoying in the range of price level as high as $14.39 and as low as $6.98. In the recent trading on the day, stock has struck highest price mark of $10.94 while lowest mark touched by it was $11.22.

Taking a look at 20-day trading activity of Northfield Bancorp Inc (NFBK) gives us an average price of $12.04, while its current price level is -22.79% below from 52-week high level whereas it is 59.17% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $12.63 while that of 200 days or SMA-200 reads an average of $10.89. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.14% during that period while stretching the period over a month that increases to 3.40%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 26.88 which implies that the stock is in oversold territory.

Piper Sandler downgraded its recommendation for the stock as a “Neutral” from “Overweight” on September 27, 2021 while assigning a price target of $18. DA Davidson issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $11 and $15.

Over the week, NFBK’s stock price is moving -4.39% down while it is -15.26% when we observe its performance for the past one month. Year-to-date it is -4.39% down and over the past year, the stock is showing a downside performance of -9.89%.

Currently, Northfield Bancorp Inc’s total number of outstanding shares is 42.90M. Company’s return on investment (ROI) stands at 1.51% and return on equity (ROE) at 3.89%. It has a price to earnings ratio (P/E ratio) of 17.38 while having a 11.95 of forward P/E ratio. Stock’s beta reads 0.79. Stock has a price to book (P/B) ratio of 0.68 while price to sale or P/S ratio amounts to 1.94. Its return on asset (ROA) is 0.48% on average.