Equities research analysts expect that Northfield Bancorp Inc (NASDAQ:NFBK) will post earnings of $0.21 per share for the current quarter, according to Zacks. Two analysts have issued estimates for Northfield Bancorp’s earnings. The highest EPS estimate is $0.21 and the lowest is $0.20. Northfield Bancorp posted earnings of $0.17 per share during the same quarter last year, which would indicate a positive year over year growth rate of 23.5%. The firm is scheduled to report its next earnings results on Wednesday, October 24th.
On average, analysts expect that Northfield Bancorp will report full-year earnings of $0.83 per share for the current fiscal year, with EPS estimates ranging from $0.80 to $0.86. For the next year, analysts expect that the company will report earnings of $0.84 per share, with EPS estimates ranging from $0.83 to $0.84. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow Northfield Bancorp.
Northfield Bancorp (NASDAQ:NFBK) last issued its earnings results on Friday, July 27th. The bank reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.02. Northfield Bancorp had a return on equity of 5.75% and a net margin of 18.48%. The company had revenue of $30.22 million during the quarter, compared to the consensus estimate of $30.37 million.
Several brokerages have recently commented on NFBK. BidaskClub upgraded Northfield Bancorp from a “strong sell” rating to a “sell” rating in a research note on Thursday. ValuEngine upgraded Northfield Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. Finally, Zacks Investment Research downgraded Northfield Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, August 2nd. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $17.75.
Shares of NASDAQ NFBK opened at $14.33 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.81. Northfield Bancorp has a 12 month low of $14.24 and a 12 month high of $18.39. The company has a market cap of $787.93 million, a PE ratio of 19.63, a price-to-earnings-growth ratio of 2.40 and a beta of 0.41.
In related news, Director John P. Connors, Jr. sold 2,500 shares of the business’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $16.62, for a total value of $41,550.00. Following the completion of the sale, the director now directly owns 107,103 shares in the company, valued at approximately $1,780,051.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robin Lefkowitz sold 2,000 shares of the business’s stock in a transaction on Monday, August 13th. The shares were sold at an average price of $16.30, for a total value of $32,600.00. Following the completion of the sale, the executive vice president now owns 24,670 shares of the company’s stock, valued at $402,121. The disclosure for this sale can be found here. Insiders sold a total of 10,231 shares of company stock valued at $166,840 over the last 90 days. 9.20% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in NFBK. BlackRock Inc. boosted its stake in Northfield Bancorp by 7.3% in the 2nd quarter. BlackRock Inc. now owns 6,402,460 shares of the bank’s stock valued at $106,409,000 after purchasing an additional 436,513 shares during the period. Russell Investments Group Ltd. boosted its stake in Northfield Bancorp by 58.9% in the 1st quarter. Russell Investments Group Ltd. now owns 950,043 shares of the bank’s stock valued at $14,830,000 after purchasing an additional 352,226 shares during the period. Dimensional Fund Advisors LP boosted its stake in Northfield Bancorp by 4.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,427,047 shares of the bank’s stock valued at $53,496,000 after purchasing an additional 134,203 shares during the period. Millennium Management LLC boosted its stake in Northfield Bancorp by 574.8% in the 1st quarter. Millennium Management LLC now owns 123,497 shares of the bank’s stock valued at $1,928,000 after purchasing an additional 105,196 shares during the period. Finally, California Public Employees Retirement System boosted its stake in Northfield Bancorp by 14.1% in the 2nd quarter. California Public Employees Retirement System now owns 162,942 shares of the bank’s stock valued at $2,708,000 after purchasing an additional 20,158 shares during the period. Institutional investors and hedge funds own 55.16% of the company’s stock.
Northfield Bancorp Company Profile
Northfield Bancorp, Inc 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 transaction accounts comprising negotiable orders of withdrawal accounts and non-interest bearing checking accounts; savings accounts, such as money market, passbook, and statement savings; certificates of deposit consisting of individual retirement accounts; and brokered deposits.
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