Research Analysts Set Expectations for NFBK FY2025 Earnings

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) – Stock analysts at DA Davidson dropped their FY2025 earnings per share estimates for shares of Northfield Bancorp, Inc. (Staten Island, NY) in a research report issued to clients and investors on Thursday, December 19th. DA Davidson analyst M. Navas now anticipates that the bank will earn $1.05 per share for the year, down from their prior estimate of $1.10. The consensus estimate for Northfield Bancorp, Inc. (Staten Island, NY)’s current full-year earnings is $0.66 per share.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last issued its earnings results on Wednesday, October 23rd. The bank reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.05% and a net margin of 10.94%. The business had revenue of $62.90 million during the quarter, compared to analyst estimates of $32.30 million.

A number of other equities analysts have also weighed in on the company. Keefe, Bruyette & Woods lifted their price objective on Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $14.25 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. StockNews.com upgraded shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “sell” rating to a “hold” rating in a report on Thursday, December 5th.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Performance

NFBK opened at $11.93 on Friday. Northfield Bancorp, Inc. has a 52-week low of $6.98 and a 52-week high of $14.39. The firm’s 50-day moving average price is $12.77 and its 200-day moving average price is $11.45. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.50. The company has a market cap of $511.80 million, a P/E ratio of 18.64 and a beta of 0.78.

Hedge Funds Weigh In On Northfield Bancorp, Inc. (Staten Island, NY)

A number of institutional investors and hedge funds have recently bought and sold shares of NFBK. FMR LLC raised its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 226.1% during the third quarter. FMR LLC now owns 190,416 shares of the bank’s stock worth $2,209,000 after acquiring an additional 132,016 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the third quarter worth $1,084,000. American Century Companies Inc. grew its position in Northfield Bancorp, Inc. (Staten Island, NY) by 11.6% during the second quarter. American Century Companies Inc. now owns 602,688 shares of the bank’s stock worth $5,713,000 after buying an additional 62,473 shares in the last quarter. GSA Capital Partners LLP raised its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 367.8% during the third quarter. GSA Capital Partners LLP now owns 197,895 shares of the bank’s stock worth $2,296,000 after acquiring an additional 155,592 shares in the last quarter. Finally, Inspire Investing LLC acquired a new position in Northfield Bancorp, Inc. (Staten Island, NY) during the 3rd quarter worth about $890,000. Institutional investors own 65.51% of the company’s stock.

Insider Activity

In other Northfield Bancorp, Inc. (Staten Island, NY) news, Director Annette Catino sold 22,000 shares of Northfield Bancorp, Inc. (Staten Island, NY) stock in a transaction on Monday, December 16th. The shares were sold at an average price of $13.12, for a total value of $288,640.00. Following the completion of the transaction, the director now owns 225,653 shares of the company’s stock, valued at $2,960,567.36. The trade was a 8.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 6.48% of the company’s stock.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.52 annualized dividend and a dividend yield of 4.36%. Northfield Bancorp, Inc. (Staten Island, NY)’s payout ratio is currently 81.25%.

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.