Northfield Bancorp Inc (NFBK) Stock AnalysisNFBKStock AnalysisNorthfield Bancorp Inc

Northfield Bancorp, Inc. is the holding company for Northfield Bank (the Bank). The Bank conducts business from its operations center located in Woodbridge, New Jersey, its home office located at a branch in Staten Island, New York, and its 36 additional branch offices located in Staten Island, Brooklyn, and the New Jersey counties of Hunterdon, Mercer, Middlesex, and Union. The Bank’s principal business consists of originating multifamily and commercial real estate loans, construction and land loans, commercial and industrial loans and home equity loans and lines of credit. The Bank offers a variety of deposit accounts, including certificates of deposit, passbook, statement, money market savings and transaction deposit accounts, which are Northfield Bank’s primary source of funds for its lending and investing activities. The Bank also borrows funds, principally through Federal Home Loan Bank (FHLB) of New York (FHLBNY), advances and repurchase agreements with brokers. It operates in the Financials sector (SAVINGS INSTITUTION, FEDERALLY CHARTERED industry).

NFBK is not a strong buy right now for a beginner long-term investor with $50,000-$100,000 to deploy. The technical trend is mildly positive, but there is no strong catalyst, no recent news, no supportive insider or hedge fund buying, and no clear analyst-upgrade momentum. Based on the available data, I would not rush to buy at this price; I would hold and wait for a better setup or a clearer fundamental catalyst.

5 analysts cover NFBK: 0 rate it Buy, 5 Hold and 0 Sell. The average price target is 12.00.