Equities research analysts expect Northfield Bancorp Inc (NASDAQ:NFBK) to announce earnings per share (EPS) of $0.19 for the current quarter, Zacks reports. Two analysts have made estimates for Northfield Bancorp’s earnings. Northfield Bancorp posted earnings per share of $0.20 during the same quarter last year, which suggests a negative year over year growth rate of 5%. The business is scheduled to announce its next earnings results on Wednesday, April 24th.
On average, analysts expect that Northfield Bancorp will report full-year earnings of $0.77 per share for the current fiscal year, with EPS estimates ranging from $0.74 to $0.80. For the next year, analysts anticipate that the business will post earnings of $0.80 per share, with EPS estimates ranging from $0.75 to $0.85. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Northfield Bancorp.
Northfield Bancorp (NASDAQ:NFBK) last posted its earnings results on Wednesday, January 30th. The bank reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.06). The firm had revenue of $28.64 million for the quarter, compared to analysts’ expectations of $30.64 million. Northfield Bancorp had a return on equity of 5.49% and a net margin of 25.79%.
NFBK has been the topic of a number of research analyst reports. BidaskClub upgraded Northfield Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, February 20th. Zacks Investment Research downgraded Northfield Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, February 6th. Two research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Northfield Bancorp currently has an average rating of “Hold” and an average price target of $18.00.
In other Northfield Bancorp news, EVP Kenneth J. Doherty sold 10,000 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $14.56, for a total transaction of $145,600.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Robin Lefkowitz sold 5,000 shares of the business’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $14.60, for a total value of $73,000.00. Following the sale, the executive vice president now owns 24,740 shares in the company, valued at $361,204. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,000 shares of company stock worth $335,240. 9.20% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its position in shares of Northfield Bancorp by 2.8% in the fourth quarter. BlackRock Inc. now owns 6,854,569 shares of the bank’s stock valued at $92,879,000 after acquiring an additional 187,170 shares in the last quarter. Vanguard Group Inc lifted its position in shares of Northfield Bancorp by 3.2% in the third quarter. Vanguard Group Inc now owns 4,538,643 shares of the bank’s stock valued at $72,254,000 after acquiring an additional 139,919 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Northfield Bancorp by 3.2% in the third quarter. Vanguard Group Inc. now owns 4,538,643 shares of the bank’s stock valued at $72,254,000 after acquiring an additional 139,919 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Northfield Bancorp by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,728,431 shares of the bank’s stock valued at $50,520,000 after acquiring an additional 97,482 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Northfield Bancorp by 1.1% in the third quarter. Renaissance Technologies LLC now owns 2,093,268 shares of the bank’s stock valued at $33,325,000 after acquiring an additional 23,450 shares in the last quarter. Institutional investors own 57.02% of the company’s stock.
NFBK traded up $0.36 during trading on Tuesday, reaching $14.61. 79,549 shares of the stock were exchanged, compared to its average volume of 89,203. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $714.75 million, a price-to-earnings ratio of 19.20, a PEG ratio of 2.33 and a beta of 0.57. Northfield Bancorp has a 1 year low of $12.76 and a 1 year high of $17.33.
About Northfield Bancorp
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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