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DA Davidson Downgrades Northfield Bancorp Inc (NFBK) to a Neutral from a Buy

Northfield Bancorp Inc’s recently made public that its Director Kulkarni Rachana A acquired Company’s shares for reported $79221.0 on Jun 13 ’24. In the deal valued at $7.92 per share,10,000 shares were bought. As a result of this transaction, Kulkarni Rachana A now holds 14,057 shares worth roughly $0.13 million.

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Then, Fasanella David bought 1,000 shares, generating $7,790 in total proceeds. Upon buying the shares at $7.79, the EVP now owns 4,000 shares.

Before that, CATINO ANNETTE bought 15,000 shares. Northfield Bancorp Inc shares valued at $121,489 were divested by the Director at a price of $8.10 per share. As a result of the transaction, CATINO ANNETTE now holds 21,000 shares, worth roughly $0.2 million.

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 Friday, Northfield Bancorp Inc [NASDAQ:NFBK] saw its stock jump 4.98% to $9.48. Over the last five days, the stock has gained 12.46%. Northfield Bancorp Inc shares have fallen nearly -24.64% since the year began. Nevertheless, the stocks have fallen -13.82% over the past one year. While a 52-week high of $13.48 was reached on 01/25/24, a 52-week low of $6.98 was recorded on 06/10/24. SMA at 50 days reached $8.73, while 200 days put it at $9.90. A total of 0.92 million shares were traded, compared to the trading of 0.24 million shares in the previous session.

Levels Of Support And Resistance For NFBK Stock

The 24-hour chart illustrates a support level at 9.19, which if violated will result in even more drops to 8.91. On the upside, there is a resistance level at 9.70. A further resistance level may holdings at 9.93. The Relative Strength Index (RSI) on the 14-day chart is 66.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 6.02%. Stochastics%K at 97.50% 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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