Brokerages expect that Northfield Bancorp Inc (NASDAQ:NFBK) will announce $0.19 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Northfield Bancorp’s earnings. The highest EPS estimate is $0.19 and the lowest is $0.18. Northfield Bancorp posted earnings per share of $0.23 in the same quarter last year, which would indicate a negative year over year growth rate of 17.4%. The company is expected to report its next earnings report on Wednesday, July 24th.
On average, analysts expect that Northfield Bancorp will report full year earnings of $0.75 per share for the current fiscal year, with EPS estimates ranging from $0.74 to $0.76. For the next fiscal year, analysts anticipate that the company will post earnings of $0.79 per share, with EPS estimates ranging from $0.75 to $0.82. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Northfield Bancorp.
Northfield Bancorp (NASDAQ:NFBK) last announced its earnings results on Wednesday, April 24th. The bank reported $0.19 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.19. Northfield Bancorp had a net margin of 23.84% and a return on equity of 5.30%. The firm had revenue of $30.64 million for the quarter, compared to analyst estimates of $30.24 million.
A number of analysts recently issued reports on the stock. Zacks Investment Research restated a “sell” rating on shares of Northfield Bancorp in a research report on Saturday. TheStreet upgraded shares of Northfield Bancorp from a “c+” rating to a “b-” rating in a research report on Thursday, May 9th. Finally, BidaskClub upgraded shares of Northfield Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. Two investment analysts have rated the stock with a sell rating and two have given a hold rating to the stock. Northfield Bancorp presently has a consensus rating of “Hold” and an average target price of $18.00.
In other Northfield Bancorp news, Director Frank P. Patafio sold 4,500 shares of Northfield Bancorp stock in a transaction on Monday, June 17th. The shares were sold at an average price of $15.22, for a total value of $68,490.00. Following the transaction, the director now owns 187,774 shares in the company, valued at approximately $2,857,920.28. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gil Chapman sold 3,000 shares of Northfield Bancorp stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $14.80, for a total transaction of $44,400.00. Following the completion of the transaction, the director now owns 54,397 shares in the company, valued at approximately $805,075.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,375 shares of company stock worth $566,248. 8.60% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in NFBK. BlackRock Inc. boosted its holdings in shares of Northfield Bancorp by 2.8% in the 4th quarter. BlackRock Inc. now owns 6,854,569 shares of the bank’s stock valued at $92,879,000 after purchasing an additional 187,170 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Northfield Bancorp by 2.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,728,431 shares of the bank’s stock valued at $50,520,000 after purchasing an additional 97,482 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Northfield Bancorp by 1,200.4% in the 1st quarter. Acadian Asset Management LLC now owns 84,318 shares of the bank’s stock valued at $1,172,000 after acquiring an additional 77,834 shares during the period. Morgan Stanley raised its stake in shares of Northfield Bancorp by 40.1% in the 3rd quarter. Morgan Stanley now owns 228,322 shares of the bank’s stock valued at $3,635,000 after acquiring an additional 65,354 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Northfield Bancorp by 9.8% in the 4th quarter. Geode Capital Management LLC now owns 543,090 shares of the bank’s stock valued at $7,358,000 after acquiring an additional 48,257 shares during the period. Institutional investors own 57.54% of the company’s stock.
NASDAQ NFBK traded up $0.10 during mid-day trading on Friday, reaching $15.61. 234,025 shares of the stock were exchanged, compared to its average volume of 95,819. Northfield Bancorp has a 1-year low of $12.76 and a 1-year high of $17.27. The firm’s fifty day simple moving average is $15.18. The firm has a market capitalization of $777.03 million, a PE ratio of 20.54, a PEG ratio of 2.60 and a beta of 0.55. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.98 and a quick ratio of 0.98.
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 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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