FY2025 Earnings Forecast for NFBK Issued By DA Davidson

Northfield Bancorp, Inc. (NASDAQ:NFBK - Free Report) - Stock analysts at DA Davidson dropped their FY2025 earnings estimates for shares of Northfield Bancorp in a research note issued on Tuesday, July 1st. DA Davidson analyst M. Navas now expects 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 quarterly earnings results on Wednesday, April 23rd. The bank reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01. Northfield Bancorp had a net margin of 12.35% and a return on equity of 4.34%. The business had revenue of $34.81 million during the quarter, compared to analyst estimates of $29.82 million.

Other analysts have also issued reports about the stock. Keefe, Bruyette & Woods dropped their target price on shares of Northfield Bancorp from $12.50 to $12.00 and set a "market perform" rating for the company in a report on Tuesday, April 29th. Piper Sandler upgraded shares of Northfield Bancorp from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $13.00 to $14.00 in a report on Friday, May 2nd.

Northfield Bancorp Trading Up 1.6%

NASDAQ NFBK traded up $0.20 during trading on Thursday, hitting $12.23. 56,903 shares of the company's stock traded hands, compared to its average volume of 197,354. The stock has a fifty day moving average of $11.57 and a two-hundred day moving average of $11.34. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.98 and a quick ratio of 0.98. Northfield Bancorp has a 12-month low of $8.92 and a 12-month high of $14.39. The firm has a market cap of $521.15 million, a P/E ratio of 16.09 and a beta of 0.78.

Hedge Funds Weigh In On Northfield Bancorp

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Northfield Bancorp by 3.7% during the first quarter. Vanguard Group Inc. now owns 2,356,797 shares of the bank's stock valued at $25,713,000 after acquiring an additional 84,883 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Northfield Bancorp by 1.4% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 897,611 shares of the bank's stock worth $9,793,000 after buying an additional 12,390 shares during the last quarter. American Century Companies Inc. increased its position in Northfield Bancorp by 0.8% during the first quarter. American Century Companies Inc. now owns 676,028 shares of the bank's stock valued at $7,375,000 after acquiring an additional 5,410 shares during the last quarter. Northern Trust Corp increased its position in Northfield Bancorp by 5.1% during the fourth quarter. Northern Trust Corp now owns 405,224 shares of the bank's stock valued at $4,709,000 after acquiring an additional 19,659 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Northfield Bancorp by 28.1% during the fourth quarter. JPMorgan Chase & Co. now owns 358,962 shares of the bank's stock valued at $4,171,000 after acquiring an additional 78,843 shares during the last quarter. 65.51% of the stock is owned by institutional investors.

Insider Transactions at Northfield Bancorp

In related news, Director Frank P. Patafio sold 5,000 shares of the stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $10.13, for a total value of $50,650.00. Following the completion of the transaction, the director directly owned 147,938 shares of the company's stock, valued at $1,498,611.94. This represents a 3.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.95% of the stock is currently owned by insiders.

Northfield Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend was Wednesday, May 7th. Northfield Bancorp's payout ratio is currently 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.