Northfield Bancorp Inc (NFBK) Expected to Post Quarterly Sales of $30.64 Million
Equities research analysts expect Northfield Bancorp Inc (NASDAQ:NFBK) to report $30.64 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Northfield Bancorp’s earnings, with the highest sales estimate coming in at $30.87 million and the lowest estimate coming in at $30.40 million. Northfield Bancorp reported sales of $30.40 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 0.8%. The business is scheduled to issue its next quarterly earnings results on Wednesday, January 23rd.
On average, analysts expect that Northfield Bancorp will report full year sales of $121.40 million for the current year, with estimates ranging from $121.20 million to $121.60 million. For the next year, analysts forecast that the firm will report sales of $124.14 million, with estimates ranging from $123.57 million to $124.70 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Northfield Bancorp.
Northfield Bancorp (NASDAQ:NFBK) last posted its quarterly earnings data on Wednesday, October 24th. The bank reported $0.19 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.02). The company had revenue of $30.56 million during the quarter, compared to analysts’ expectations of $30.39 million. Northfield Bancorp had a return on equity of 5.87% and a net margin of 18.59%.
In related news, Director John P. Connors, Jr. sold 2,500 shares of the company’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $16.05, for a total value of $40,125.00. Following the completion of the transaction, the director now owns 104,603 shares of the company’s stock, valued at approximately $1,678,878.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Annette Catino bought 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 31st. The stock was purchased at an average cost of $13.20 per share, with a total value of $79,200.00. Following the acquisition, the director now directly owns 239,930 shares in the company, valued at approximately $3,167,076. The disclosure for this purchase can be found here. Corporate insiders own 9.34% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Bank of Montreal Can boosted its holdings in Northfield Bancorp by 70.2% in the 2nd quarter. Bank of Montreal Can now owns 7,386 shares of the bank’s stock worth $122,000 after buying an additional 3,046 shares during the period. Wells Fargo & Company MN boosted its holdings in Northfield Bancorp by 6.2% in the 3rd quarter. Wells Fargo & Company MN now owns 78,567 shares of the bank’s stock worth $1,250,000 after buying an additional 4,610 shares during the period. Aperio Group LLC boosted its holdings in shares of Northfield Bancorp by 29.5% during the 2nd quarter. Aperio Group LLC now owns 22,736 shares of the bank’s stock valued at $378,000 after purchasing an additional 5,173 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Northfield Bancorp by 7.2% during the 2nd quarter. Legal & General Group Plc now owns 91,952 shares of the bank’s stock valued at $1,528,000 after purchasing an additional 6,203 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Northfield Bancorp by 4,853.1% during the 2nd quarter. Sei Investments Co. now owns 6,439 shares of the bank’s stock valued at $107,000 after purchasing an additional 6,309 shares during the last quarter. 56.79% of the stock is owned by institutional investors.
Shares of NASDAQ:NFBK traded down $0.01 during midday trading on Friday, hitting $13.51. The company had a trading volume of 76,300 shares, compared to its average volume of 88,961. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $669.32 million, a price-to-earnings ratio of 18.51, a price-to-earnings-growth ratio of 2.01 and a beta of 0.62. Northfield Bancorp has a 12-month low of $12.92 and a 12-month high of $18.05.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 21st. Investors of record on Wednesday, November 7th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend was Tuesday, November 6th. Northfield Bancorp’s dividend payout ratio is currently 54.79%.
Northfield Bancorp Company Profile
Northfield Bancorp, Inc 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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