Look Past The Setbacks And Give Northfield Bancorp Inc (NASDAQ: NFBK) Another Chance

Northfield Bancorp Inc (NASDAQ:NFBK) currently has a daily average trading volume of 182.95K but it saw 218417 shares traded in last market. With a market cap of 416.50M USD, the company’s current market price of $9.66 came rising about 1.05 while comparing to the previous closing price of $9.56. 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 $9.55 while lowest mark touched by it was $9.83.

Taking a look at 20-day trading activity of Northfield Bancorp Inc (NFBK) gives us an average price of $10.41, while its current price level is -32.87% below from 52-week high level whereas it is 38.40% 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 $11.10 while that of 200 days or SMA-200 reads an average of $11.70. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.26% during that period while stretching the period over a month that increases to 4.84%. 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 33.40 which implies that the stock is in neutral 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 -1.02% down while it is -15.93% when we observe its performance for the past one month. Year-to-date it is -16.87% down and over the past year, the stock is showing an upside performance of 18.38%.

Currently, Northfield Bancorp Inc’s total number of outstanding shares is 42.90M. Company’s return on investment (ROI) stands at 2.35% and return on equity (ROE) at 4.27%. It has a price to earnings ratio (P/E ratio) of 13.39 while having a 8.03 of forward P/E ratio. Stock’s beta reads 0.77. Stock has a price to book (P/B) ratio of 0.59 while price to sale or P/S ratio amounts to 1.66. Its return on asset (ROA) is 0.53% on average.