Sell-Side Sees Upside & Positive Growth in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) has been recommended as a long term growth stock according to analysts at Beta Research.  With their stock price currently trading around $17.29, the firm has proven a solid track record of growth over the past few years.  Investors might consider the stock as a long term growth candidate as the firm has yielded 22.10% earnings per share growth over the past 5 years and 6.50% revenue growth over that same time frame. 

Long-term growth (LTG) is an investing strategy where a stock will (hopefully) grow in value for a relatively long period of time.  Long-term growth should be considered to be a relative term, due to different styles and goals of investors, but the endgame is the same. 

Recent Performance

Let’s take a look at how the stock has been performing recently.  Over the past twelve months, Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)’s stock was 1.23%.  Over the last week of the month, it was 2.98%, -1.48% over the last quarter, and  0.93% for the past six months. 

Over the past 50 days, Northfield Bancorp, Inc. (Staten Island, NY)’s stock is -5.96% off of the high and 8.33% removed from the low.  Their 52-Week High and Low are as follows: -12.19% (High), 12.60%, (Low). 

Analyst Recommendation

Despite the past success, investors want to know where the stock is headed from here.  Analysts covering the shares have a consensus short-term price target of $17.40 on the equity.   Analysts have a consensus recommendation of 3.00 based on a 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.  

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