DA Davidson Comments on Northfield Bancorp, Inc. (Staten Island, NY)’s Q2 2024 Earnings (NASDAQ:NFBK)

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) – Stock analysts at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for Northfield Bancorp, Inc. (Staten Island, NY) in a research note issued to investors on Monday, May 6th. DA Davidson analyst M. Navas anticipates that the bank will post earnings per share of $0.14 for the quarter. The consensus estimate for Northfield Bancorp, Inc. (Staten Island, NY)’s current full-year earnings is $0.67 per share. DA Davidson also issued estimates for Northfield Bancorp, Inc. (Staten Island, NY)’s FY2024 earnings at $0.65 EPS and FY2025 earnings at $1.05 EPS.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last posted its quarterly earnings results on Wednesday, April 24th. The bank reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.65% and a net margin of 14.02%. The firm had revenue of $62.03 million for the quarter, compared to the consensus estimate of $30.93 million.

Other equities research analysts also recently issued research reports about the company. TheStreet downgraded Northfield Bancorp, Inc. (Staten Island, NY) from a “b-” rating to a “c+” rating in a research report on Friday, March 1st. Keefe, Bruyette & Woods cut their target price on Northfield Bancorp, Inc. (Staten Island, NY) from $12.00 to $11.00 and set a “market perform” rating for the company in a research note on Friday, April 5th. Finally, Piper Sandler reduced their price objective on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $13.00 to $11.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Down 1.5 %

NFBK opened at $9.06 on Tuesday. Northfield Bancorp, Inc. has a 12 month low of $7.99 and a 12 month high of $13.48. The company has a market cap of $402.81 million, a PE ratio of 12.08 and a beta of 0.71. The company has a current ratio of 1.10, a quick ratio of 1.12 and a debt-to-equity ratio of 1.58. The company has a 50 day moving average of $9.22 and a 200 day moving average of $10.34.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the 3rd quarter valued at $222,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 118.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,832 shares of the bank’s stock worth $150,000 after buying an additional 8,579 shares during the period. Strs Ohio grew its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 7.0% in the 3rd quarter. Strs Ohio now owns 56,700 shares of the bank’s stock worth $535,000 after buying an additional 3,700 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the 3rd quarter worth approximately $997,000. Finally, Illinois Municipal Retirement Fund bought a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the third quarter valued at $229,000. Hedge funds and other institutional investors own 65.51% of the company’s stock.

Northfield Bancorp, Inc. (Staten Island, NY) Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.74%. The ex-dividend date of this dividend is Tuesday, May 7th. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is currently 69.33%.

Northfield Bancorp, Inc. (Staten Island, NY) 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 certificates of deposit, passbook, statement, and money market savings accounts; transaction deposit accounts comprising negotiable orders of withdrawal accounts, and interest and non-interest-bearing checking accounts; and brokered deposits.