What Makes Northfield Bancorp (NFBK) a Strong Momentum Stock: Buy Now?

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps define momentum characteristics, with Northfield Bancorp (NFBK) currently holding a Momentum Style Score of A [2] - The Zacks Rank system complements the Style Scores, with NFBK rated 1 (Strong Buy), indicating strong potential for outperformance [3] Group 2: Performance Metrics - NFBK shares have increased by 4.88% over the past week, outperforming the Zacks Financial - Savings and Loan industry, which rose by 0.95% [5] - Over a longer timeframe, NFBK shares have gained 1.14% in the past quarter and 21.09% in the last year, while the S&P 500 has seen declines of -2.56% and gains of 11.12%, respectively [6] - The average 20-day trading volume for NFBK is 160,533 shares, indicating a bullish sign when combined with rising stock prices [7] Group 3: Earnings Outlook - Recent earnings estimate revisions for NFBK show positive trends, with two estimates moving higher for the full year, raising the consensus estimate from $0.82 to $0.90 [9] - For the next fiscal year, two estimates have also increased, with no downward revisions noted [9] Group 4: Conclusion - Given the strong performance metrics and positive earnings outlook, NFBK is positioned as a 1 (Strong Buy) stock with a Momentum Score of A, making it a promising investment opportunity [11]