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Northfield Bancorp Inc (NFBK) Becoming More Attractive for Investors

In a filing, Northfield Bancorp Inc revealed its Director Harrison Timothy C acquired Company’s shares for reported $11468.0 on May 02 ’24. In the deal valued at $8.89 per share,1,290 shares were bought. As a result of this transaction, Harrison Timothy C now holds 67,682 shares worth roughly $0.61 million.

Then, Ryan Patrick Louis bought 10,000 shares, generating $99,207 in total proceeds. Upon buying the shares at $9.92, the Director now owns 56,341 shares.

DA Davidson downgraded its Northfield Bancorp Inc [NFBK] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in late September from “an Overweight” to “a Neutral”. DA Davidson also remained covering NFBK and has increased its forecast on December 18, 2020 with a “Buy” recommendation from previously “Neutral” rating. Piper Sandler revised its rating on October 01, 2020. It rated NFBK as “an Overweight” which previously was an “a Neutral”.

Price Performance Review of NFBK

On Tuesday, Northfield Bancorp Inc [NASDAQ:NFBK] saw its stock fall -1.52% to $9.06. Over the last five days, the stock has gained 8.63%. Northfield Bancorp Inc shares have fallen nearly -27.98% since the year began. Nevertheless, the stocks have fallen -6.79% over the past one year. While a 52-week high of $13.48 was reached on 01/25/24, a 52-week low of $7.99 was recorded on 04/19/24. SMA at 50 days reached $9.22, while 200 days put it at $10.35. A total of 0.27 million shares were traded, compared to the trading of 0.27 million shares in the previous session.

Levels Of Support And Resistance For NFBK Stock

The 24-hour chart illustrates a support level at 8.95, which if violated will result in even more drops to 8.84. On the upside, there is a resistance level at 9.25. A further resistance level may holdings at 9.44. The Relative Strength Index (RSI) on the 14-day chart is 53.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 20.15%. Stochastics %K at 87.63% indicates the stock is a selling.

The most recent change occurred on August 12, 2016 when Hovde Group began covering the stock and recommended ‘”a Market perform”‘ rating along with a $16 price target.

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