Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Releases Earnings Results, Misses Estimates By $0.01 EPS

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) issued its quarterly earnings results on Wednesday. The bank reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01), Yahoo Finance reports. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 17.07% and a return on equity of 5.44%. The business had revenue of $62.03 million during the quarter, compared to analyst estimates of $30.93 million.

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

NFBK traded down $0.82 during midday trading on Thursday, reaching $8.16. 64,037 shares of the company’s stock were exchanged, compared to its average volume of 207,257. The firm has a market capitalization of $362.79 million, a price-to-earnings ratio of 9.47 and a beta of 0.68. The business has a 50-day simple moving average of $9.52 and a two-hundred day simple moving average of $10.36. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.28. Northfield Bancorp, Inc. has a one year low of $7.99 and a one year high of $13.48.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. TheStreet cut shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “b-” rating to a “c+” rating in a research note on Friday, March 1st. Keefe, Bruyette & Woods reduced their target price on shares of 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.

About Northfield Bancorp, Inc. (Staten Island, NY)

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.