Alert: Rating Upgrade (12/1/23)-Northfield Bancorp Inc (NASDAQ: NFBK).


Stock Rating Upgrade

Of late the Value Trend Rating for Northfield Bancorp Inc (NASDAQ: NFBK) improved from D to C reflecting improving fundamentals and high Appreciation Potential.


Recent Price Action

Northfield Bancorp Inc (NASDAQ: NFBK) stock closed at $10.18 on 12/1/23 after a very large increase of 6.7%. Moreover, this advance was accompanied by above average trading volume at 138% of normal. The stock has risen 3.4% during the last week but has been weak relative to the market over the last nine months.

Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to be in line with the cost of capital, NFBK is expected to be Value Creation neutral.

Northfield Bancorp has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Northfield Bancorp has a slightly positive Appreciation Score of 68 but a poor Power Rating of 21, and the Low Neutral Value Trend Rating results.

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