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 6.59700000000000041922021409845910966396331787109375 options contracts today.
  • NFBK is making at least a new 3-day high.
  • NFBK has a PE ratio of 37.
  • NFBK is mentioned 0.29 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 1.8%. NFBK has a PE ratio of 37. Currently there are no analysts that rate Northfield Bancorp a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for Northfield Bancorp has been 180,500 shares per day over the past 30 days. Northfield has a market cap of $718.7 million and is part of the financial sector and banking industry. The stock has a beta of -0.16 and a short float of 9.7% with 21.73 days to cover. Shares are up 7.6% year-to-date as of the close of trading on Wednesday.

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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, growth in earnings per share, solid stock price performance, expanding profit margins 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 12.8%. Since the same quarter one year prior, revenues rose by 10.9%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • NORTHFIELD BANCORP INC has improved earnings per share by 10.0% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. 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).
  • The stock has not only risen over the past year, it has done so at a faster pace than the S&P 500, reflecting the earnings growth and other positive factors similar to those we have cited here. 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.
  • The gross profit margin for NORTHFIELD BANCORP INC is currently very high, coming in at 80.92%. 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, NFBK's net profit margin of 17.17% is significantly lower than the industry average.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. When compared to other companies in the Thrifts & Mortgage Finance industry and the overall market, NORTHFIELD BANCORP INC's return on equity is below that of both the industry average and the S&P 500.

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