DA Davidson Lowers Earnings Estimates for Northfield Bancorp

Northfield Bancorp, Inc. (NASDAQ:NFBK - Free Report) - Equities researchers at DA Davidson reduced their FY2025 EPS estimates for Northfield Bancorp in a research report issued on Tuesday, July 1st. DA Davidson analyst M. Navas now forecasts that the bank will post earnings of $0.88 per share for the year, down from their prior forecast of $0.90. The consensus estimate for Northfield Bancorp's current full-year earnings is $0.82 per share. DA Davidson also issued estimates for Northfield Bancorp's FY2026 earnings at $1.25 EPS.

Northfield Bancorp (NASDAQ:NFBK - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The bank reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.01. The business had revenue of $34.81 million for the quarter, compared to analysts' expectations of $29.82 million. Northfield Bancorp had a return on equity of 4.34% and a net margin of 12.35%.

NFBK has been the topic of a number of other reports. Piper Sandler upgraded shares of Northfield Bancorp from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $13.00 to $14.00 in a research report on Friday, May 2nd. Keefe, Bruyette & Woods lowered their price objective on shares of Northfield Bancorp from $12.50 to $12.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 29th.

Northfield Bancorp Stock Performance

NFBK traded up $0.20 during trading on Thursday, hitting $12.23. 56,903 shares of the stock were exchanged, compared to its average volume of 196,248. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.08. Northfield Bancorp has a 1-year low of $9.23 and a 1-year high of $14.39. The stock has a fifty day moving average price of $11.62 and a two-hundred day moving average price of $11.33. The firm has a market capitalization of $521.15 million, a P/E ratio of 16.09 and a beta of 0.78.

Institutional Investors Weigh In On Northfield Bancorp

Several hedge funds have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. raised its position in Northfield Bancorp by 37.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 87,648 shares of the bank's stock worth $1,018,000 after buying an additional 23,721 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Northfield Bancorp during the fourth quarter worth about $74,000. American Century Companies Inc. raised its holdings in Northfield Bancorp by 2.9% during the fourth quarter. American Century Companies Inc. now owns 670,618 shares of the bank's stock worth $7,793,000 after purchasing an additional 18,829 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Northfield Bancorp during the fourth quarter worth about $107,000. Finally, JPMorgan Chase & Co. lifted its position in Northfield Bancorp by 28.1% in the fourth quarter. JPMorgan Chase & Co. now owns 358,962 shares of the bank's stock valued at $4,171,000 after purchasing an additional 78,843 shares during the period. 65.51% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Frank P. Patafio sold 5,000 shares of the business's stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $10.13, for a total value of $50,650.00. Following the transaction, the director owned 147,938 shares of the company's stock, valued at approximately $1,498,611.94. The trade was a 3.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 6.48% of the company's stock.

Northfield Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 4.25%. The ex-dividend date was Wednesday, May 7th. Northfield Bancorp's dividend payout ratio is presently 68.42%.

Northfield Bancorp Company Profile

Northfield Bancorp, Inc (Staten Island, NY) operates as the bank holding company for Northfield Bank that provides various banking products and services primarily to individuals and corporate customers. It accepts various deposits products, including certificates of deposit, passbook, statement, and money market savings accounts; transaction deposit accounts comprising negotiable orders of withdrawal accounts, and interest and non-interest-bearing checking accounts; and brokered deposits.