Northfield Bancorp, Inc. (NFBK) Expected to Announce Earnings of $0.17 Per Share
Wall Street brokerages predict that Northfield Bancorp, Inc. (NASDAQ:NFBK) will report $0.17 earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Northfield Bancorp’s earnings. Northfield Bancorp also reported earnings per share of $0.17 during the same quarter last year. The business is expected to issue its next quarterly earnings results on Wednesday, October 25th.
On average, analysts expect that Northfield Bancorp will report full year earnings of $0.72 per share for the current fiscal year. For the next year, analysts anticipate that the company will report earnings of $0.66 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that follow Northfield Bancorp.
Northfield Bancorp (NASDAQ:NFBK) last announced its earnings results on Wednesday, July 26th. The bank reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. The firm had revenue of $29.35 million during the quarter, compared to analysts’ expectations of $26.20 million. Northfield Bancorp had a return on equity of 4.93% and a net margin of 24.13%. During the same period in the prior year, the firm earned $0.15 EPS.
NFBK has been the subject of a number of research reports. Piper Jaffray Companies restated a “hold” rating and issued a $16.50 target price on shares of Northfield Bancorp in a research note on Thursday, August 3rd. BidaskClub downgraded Northfield Bancorp from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. DA Davidson initiated coverage on Northfield Bancorp in a research note on Friday. They issued a “neutral” rating and a $17.00 target price for the company. Finally, Keefe, Bruyette & Woods set a $18.00 target price on Northfield Bancorp and gave the company a “hold” rating in a research note on Saturday, May 20th.
Shares of Northfield Bancorp (NASDAQ NFBK) traded down 0.43% during mid-day trading on Monday, hitting $16.04. The company had a trading volume of 93,527 shares. Northfield Bancorp has a 52-week low of $14.88 and a 52-week high of $20.59. The stock’s 50-day moving average is $16.36 and its 200-day moving average is $17.35. The stock has a market cap of $725.84 million, a price-to-earnings ratio of 21.97 and a beta of 0.34.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, August 7th. This represents a $0.32 annualized dividend and a dividend yield of 2.00%. Northfield Bancorp’s dividend payout ratio is presently 43.84%.
In related news, Director Patrick E. Scura, Jr. sold 2,503 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $16.59, for a total transaction of $41,524.77. Following the sale, the director now owns 66,043 shares of the company’s stock, valued at $1,095,653.37. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Patrick E. Scura, Jr. sold 8,483 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $17.41, for a total value of $147,689.03. Following the sale, the director now directly owns 60,043 shares in the company, valued at approximately $1,045,348.63. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,986 shares of company stock valued at $205,214. Insiders own 9.34% of the company’s stock.
Large investors have recently made changes to their positions in the stock. LS Investment Advisors LLC increased its holdings in shares of Northfield Bancorp by 247.5% in the first quarter. LS Investment Advisors LLC now owns 5,539 shares of the bank’s stock valued at $100,000 after buying an additional 3,945 shares in the last quarter. Sei Investments Co. grew its position in Northfield Bancorp by 6.0% during the 1st quarter. Sei Investments Co. now owns 8,144 shares of the bank’s stock worth $147,000 after purchasing an additional 462 shares in the last quarter. State of Alaska Department of Revenue grew its position in Northfield Bancorp by 80.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 8,969 shares of the bank’s stock worth $153,000 after purchasing an additional 3,989 shares in the last quarter. Moors & Cabot Inc. purchased a new position in Northfield Bancorp during the 2nd quarter worth approximately $172,000. Finally, BNP Paribas Arbitrage SA grew its position in Northfield Bancorp by 1.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 9,918 shares of the bank’s stock worth $179,000 after purchasing an additional 142 shares in the last quarter. 53.41% of the stock is currently owned by hedge funds and other institutional investors.
Northfield Bancorp Company Profile
Northfield Bancorp, Inc is a holding company for Northfield Bank (the Bank). Northfield Bank’s principal business consists of originating commercial real estate loans and multifamily real estate loans, purchasing investment securities including mortgage-backed securities and corporate bonds, as well as depositing funds in other financial institutions.
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