Northfield Bancorp, Inc. (NFBK) Posts Quarterly Earnings Results, Hits Expectations

Northfield Bancorp, Inc. (NASDAQ:NFBK) posted its earnings results on Wednesday. The bank reported $0.17 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17, Yahoo Finance reports. Northfield Bancorp had a net margin of 24.13% and a return on equity of 4.93%. The business had revenue of $29.97 million for the quarter, compared to analyst estimates of $29.66 million.

Shares of Northfield Bancorp (NFBK) traded up 1.74% on Thursday, reaching $17.58. 69,767 shares of the company traded hands. Northfield Bancorp has a one year low of $15.36 and a one year high of $20.59. The firm’s 50 day moving average is $16.85 and its 200 day moving average is $16.98. The company has a market capitalization of $795.53 million, a P/E ratio of 24.08 and a beta of 0.33.

NFBK has been the topic of several analyst reports. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $16.50 target price on shares of Northfield Bancorp in a report on Thursday, August 3rd. BidaskClub lowered shares of Northfield Bancorp from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $17.00 target price on shares of Northfield Bancorp in a report on Tuesday, October 3rd. Finally, DA Davidson initiated coverage on shares of Northfield Bancorp in a report on Friday, September 1st. They issued a “neutral” rating and a $17.00 target price on the stock.

COPYRIGHT VIOLATION WARNING: This news story was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this news story on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this news story can be accessed at https://www.dispatchtribunal.com/2017/10/26/northfield-bancorp-inc-nfbk-posts-quarterly-earnings-results-hits-expectations.html.

About Northfield Bancorp

Northfield Bancorp, Inc is a holding company for Northfield Bank (the Bank). Northfield Bank’s principal business consists of originating commercial real estate loans and multifamily real estate loans, purchasing investment securities including mortgage-backed securities and corporate bonds, as well as depositing funds in other financial institutions.

Earnings History for Northfield Bancorp (NASDAQ:NFBK)

Receive News & Ratings for Northfield Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northfield Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply