Northfield Bancorp price target lowered to $12 from $13 at Keefe Bruyette

Keefe Bruyette analyst David Konrad lowered the firm’s price target on Northfield Bancorp (NFBK) to $12 from $13 and keeps a Market Perform rating on the shares. The firm’s estimates move modestly lower due to a smaller balance sheet and higher expenses, the analyst tells investors in a research note.