Northfield Bancorp (NFBK) Projected to Post Earnings on Wednesday

Northfield Bancorp (NASDAQ:NFBK - Get Free Report) is projected to post its Q2 2025 quarterly earnings results before the market opens on Wednesday, July 23rd. Analysts expect Northfield Bancorp to post earnings of $0.21 per share and revenue of $34.25 million for the quarter.

Northfield Bancorp (NASDAQ:NFBK - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.19 EPS for the quarter, beating the consensus estimate of $0.18 by $0.01. The firm had revenue of $34.81 million for the quarter, compared to analyst estimates of $29.82 million. Northfield Bancorp had a return on equity of 4.34% and a net margin of 12.35%. On average, analysts expect Northfield Bancorp to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Northfield Bancorp Stock Down 0.8%

Shares of Northfield Bancorp stock traded down $0.09 during trading on Friday, hitting $11.39. 174,652 shares of the stock traded hands, compared to its average volume of 185,811. The firm has a market cap of $485.51 million, a P/E ratio of 14.99 and a beta of 0.78. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.08. Northfield Bancorp has a 52-week low of $9.40 and a 52-week high of $14.39. The stock's fifty day simple moving average is $11.76 and its 200 day simple moving average is $11.33.

Northfield Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th were paid a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, May 7th. This represents a $0.52 annualized dividend and a yield of 4.57%. Northfield Bancorp's dividend payout ratio (DPR) is presently 68.42%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NFBK. Keefe, Bruyette & Woods dropped their price target on Northfield Bancorp from $12.50 to $12.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 29th. Piper Sandler raised Northfield Bancorp from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $13.00 to $14.00 in a report on Friday, May 2nd.

Insider Transactions at Northfield Bancorp

In related news, Director Frank P. Patafio sold 5,000 shares of the firm'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 transaction of $50,650.00. Following the transaction, the director owned 147,938 shares in the company, valued at $1,498,611.94. This trade represents a 3.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 5.95% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Northfield Bancorp

An institutional investor recently raised its position in Northfield Bancorp stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Northfield Bancorp, Inc. (NASDAQ:NFBK - Free Report) by 6.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,012 shares of the bank's stock after purchasing an additional 1,426 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.05% of Northfield Bancorp worth $251,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 65.51% of the company's stock.

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.