Trade-Ideas LLC identified

Northfield Bancorp

(

NFBK

) as a strong and under the radar candidate. In addition to specific proprietary factors, Trade-Ideas identified Northfield Bancorp as such a stock due to the following factors:

  • NFBK has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $2.9 million.
  • NFBK has traded 1.01489999999999991331378623726777732372283935546875 options contracts today.
  • NFBK is making at least a new 3-day high.
  • NFBK has a PE ratio of 36.
  • NFBK is mentioned 0.58 times per day on StockTwits.
  • NFBK has not yet been mentioned on StockTwits today.
  • NFBK is currently in the upper 20% of its 1-year range.
  • NFBK is in the upper 35% of its 20-day range.
  • NFBK is in the upper 45% of its 5-day range.
  • NFBK is currently trading above yesterday's high.

'Strong and Under the Radar' stocks tend to be worthwhile stocks to watch for a variety of factors including historical back testing and price action. Market technicians refer to such stocks as being in an accumulation phase before a mark-up and peak. Traders and hedge funds have frequently found that these types of stocks continue to build a solid price base and then ultimately spike higher and peak when others 'discover' how good the stock is performing. By leveraging the social discovery aspect of StockTwits we are highlighting stocks that don't currently receive much attention from retail investors, but we suspect may soon garner more attention.

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More details on NFBK:

Northfield Bancorp, Inc. operates as the bank holding company for Northfield Bank that provides various banking products and services primarily to individuals and corporate customers in Richmond and Kings Counties in New York, and Union and Middlesex Counties in New Jersey. The stock currently has a dividend yield of 1.9%. NFBK has a PE ratio of 36. Currently there are no analysts that rate Northfield Bancorp a buy, no analysts rate it a sell, and 4 rate it a hold.

The average volume for Northfield Bancorp has been 346,100 shares per day over the past 30 days. Northfield has a market cap of $693.5 million and is part of the financial sector and banking industry. The stock has a beta of -0.16 and a short float of 8.1% with 17.64 days to cover. Shares are up 2.3% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Northfield Bancorp as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, solid stock price performance and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 9.3%. Since the same quarter one year prior, revenues rose by 10.2%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • NORTHFIELD BANCORP INC's earnings per share declined by 9.1% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, NORTHFIELD BANCORP INC increased its bottom line by earning $0.42 versus $0.35 in the prior year. This year, the market expects an improvement in earnings ($0.45 versus $0.42).
  • Net operating cash flow has significantly increased by 57.54% to $4.29 million when compared to the same quarter last year. Despite an increase in cash flow of 57.54%, NORTHFIELD BANCORP INC is still growing at a significantly lower rate than the industry average of 125.30%.
  • The gross profit margin for NORTHFIELD BANCORP INC is currently very high, coming in at 82.16%. Regardless of NFBK's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, the net profit margin of 15.88% trails the industry average.
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period, despite the company's weak earnings results. Looking ahead, the stock's rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that the other strengths this company displays justify these higher price levels.

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