Northfield Bancorp Inc (NASDAQ:NFBK) – Stock analysts at Piper Jaffray Companies raised their FY2018 earnings per share (EPS) estimates for Northfield Bancorp in a research note issued on Thursday, November 1st. Piper Jaffray Companies analyst M. Breese now anticipates that the bank will earn $0.84 per share for the year, up from their previous forecast of $0.80. Piper Jaffray Companies also issued estimates for Northfield Bancorp’s Q4 2019 earnings at $0.21 EPS, FY2019 earnings at $0.82 EPS and FY2020 earnings at $0.84 EPS.
Northfield Bancorp (NASDAQ:NFBK) last announced its quarterly earnings results on Wednesday, October 24th. The bank reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.02). The company had revenue of $30.56 million for the quarter, compared to analyst estimates of $30.39 million. Northfield Bancorp had a return on equity of 5.87% and a net margin of 18.59%.
NFBK has been the topic of a number of other reports. Zacks Investment Research cut Northfield Bancorp from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 1st. BidaskClub cut Northfield Bancorp from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 20th. Finally, ValuEngine cut Northfield Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, August 28th. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company has an average rating of “Hold” and a consensus price target of $17.75.
Shares of NFBK opened at $13.54 on Monday. Northfield Bancorp has a fifty-two week low of $12.92 and a fifty-two week high of $18.39. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.09 and a current ratio of 1.03. The stock has a market cap of $674.09 million, a price-to-earnings ratio of 18.55, a P/E/G ratio of 2.03 and a beta of 0.60.
A number of institutional investors have recently modified their holdings of NFBK. Sei Investments Co. lifted its stake in Northfield Bancorp by 4,853.1% in the 2nd quarter. Sei Investments Co. now owns 6,439 shares of the bank’s stock valued at $107,000 after buying an additional 6,309 shares in the last quarter. Bank of Montreal Can lifted its stake in Northfield Bancorp by 70.2% in the 2nd quarter. Bank of Montreal Can now owns 7,386 shares of the bank’s stock valued at $122,000 after buying an additional 3,046 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in Northfield Bancorp in the 2nd quarter valued at about $179,000. Piedmont Investment Advisors LLC purchased a new position in Northfield Bancorp in the 2nd quarter valued at about $180,000. Finally, Barclays PLC lifted its stake in Northfield Bancorp by 99.3% in the 1st quarter. Barclays PLC now owns 13,612 shares of the bank’s stock valued at $212,000 after buying an additional 6,783 shares in the last quarter. 55.12% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Annette Catino purchased 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 31st. The shares were purchased at an average cost of $13.20 per share, with a total value of $79,200.00. Following the purchase, the director now owns 239,930 shares of the company’s stock, valued at approximately $3,167,076. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John P. Connors, Jr. sold 2,500 shares of the firm’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $16.05, for a total transaction of $40,125.00. Following the completion of the transaction, the director now directly owns 104,603 shares in the company, valued at $1,678,878.15. The disclosure for this sale can be found here. Insiders have sold a total of 9,231 shares of company stock worth $150,640 over the last 90 days. Insiders own 9.20% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Stockholders of record on Wednesday, November 7th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date is Tuesday, November 6th. Northfield Bancorp’s dividend payout ratio (DPR) is presently 54.79%.
About Northfield Bancorp
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.
Recommended Story: Outstanding Shares and The Effect on Share Price
Receive News & Ratings for Northfield Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northfield Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.