Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Free Report) - Stock analysts at DA Davidson increased their FY2025 EPS estimates for Northfield Bancorp, Inc. (Staten Island, NY) in a research note issued to investors on Tuesday, May 20th. DA Davidson analyst M. Navas now anticipates that the bank will post earnings of $0.90 per share for the year, up from their prior estimate of $0.80. The consensus estimate for Northfield Bancorp, Inc. (Staten Island, NY)'s current full-year earnings is $0.82 per share.
Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The bank reported $0.19 earnings per share (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 analyst estimates of $29.82 million. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 11.76% and a return on equity of 4.12%.
Other equities research analysts have also issued research reports about the stock. Piper Sandler raised shares of Northfield Bancorp, Inc. (Staten Island, NY) from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $13.00 to $14.00 in a report on Friday, May 2nd. Keefe, Bruyette & Woods lowered their price target on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $12.00 and set a "market perform" rating on the stock in a report on Tuesday, April 29th.
View Our Latest Analysis on NFBK
Northfield Bancorp, Inc. (Staten Island, NY) Stock Performance
Northfield Bancorp, Inc. (Staten Island, NY) stock traded up $0.24 on Thursday, hitting $11.66. The company's stock had a trading volume of 27,100 shares, compared to its average volume of 248,442. The firm has a market cap of $497.02 million, a P/E ratio of 16.22 and a beta of 0.75. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.03. The company has a fifty day moving average price of $10.75 and a 200-day moving average price of $11.62. Northfield Bancorp, Inc. has a one year low of $6.98 and a one year high of $14.39.
Northfield Bancorp, Inc. (Staten Island, NY) Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 4.46%. The ex-dividend date was Wednesday, May 7th. Northfield Bancorp, Inc. (Staten Island, NY)'s payout ratio is 68.42%.
Insider Transactions at Northfield Bancorp, Inc. (Staten Island, NY)
In other news, Director Frank P. Patafio sold 5,000 shares of the company's 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 sale, the director now owns 147,938 shares of the company's stock, valued at approximately $1,498,611.94. This represents a 3.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.95% of the stock is owned by insiders.
Institutional Investors Weigh In On Northfield Bancorp, Inc. (Staten Island, NY)
Several large investors have recently made changes to their positions in the company. Empowered Funds LLC grew its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 3.7% in the 1st quarter. Empowered Funds LLC now owns 133,823 shares of the bank's stock worth $1,460,000 after purchasing an additional 4,741 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 6.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,012 shares of the bank's stock worth $251,000 after purchasing an additional 1,426 shares during the last quarter. Trexquant Investment LP lifted its position in Northfield Bancorp, Inc. (Staten Island, NY) by 66.2% during the 1st quarter. Trexquant Investment LP now owns 150,521 shares of the bank's stock worth $1,642,000 after buying an additional 59,955 shares in the last quarter. Jump Financial LLC lifted its position in Northfield Bancorp, Inc. (Staten Island, NY) by 54.0% during the 1st quarter. Jump Financial LLC now owns 19,005 shares of the bank's stock worth $207,000 after buying an additional 6,665 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its position in Northfield Bancorp, Inc. (Staten Island, NY) by 1.4% during 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 in the last quarter. Institutional investors own 65.51% of the company's stock.
Northfield Bancorp, Inc. (Staten Island, NY) Company Profile
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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.
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