Northfield Bancorp, Inc. (Staten Island, NY) Expected to Post Q2 2024 Earnings of $0.14 Per Share (NASDAQ:NFBK)

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) – Investment analysts at DA Davidson issued their Q2 2024 earnings estimates for shares of Northfield Bancorp, Inc. (Staten Island, NY) in a research note issued on Monday, May 6th. DA Davidson analyst M. Navas anticipates that the bank will post earnings of $0.14 per share 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 data on Wednesday, April 24th. The bank reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The firm had revenue of $62.03 million during the quarter, compared to analysts’ expectations of $30.93 million. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.65% and a net margin of 14.02%.

A number of other equities research analysts have also recently issued reports on the stock. Piper Sandler cut 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. Keefe, Bruyette & Woods decreased their price objective on Northfield Bancorp, Inc. (Staten Island, NY) from $12.00 to $11.00 and set a “market perform” rating on the stock in a report on Friday, April 5th. Finally, TheStreet cut Northfield Bancorp, Inc. (Staten Island, NY) from a “b-” rating to a “c+” rating in a report on Friday, March 1st.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Up 2.2 %

Shares of NFBK opened at $9.26 on Tuesday. The firm has a market cap of $411.70 million, a P/E ratio of 12.35 and a beta of 0.71. Northfield Bancorp, Inc. has a 1 year low of $7.99 and a 1 year high of $13.48. The stock has a 50 day simple moving average of $9.21 and a two-hundred day simple moving average of $10.33. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.10 and a quick ratio of 1.12.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date of this dividend is Tuesday, May 7th. Northfield Bancorp, Inc. (Staten Island, NY)’s payout ratio is 69.33%.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in NFBK. Louisiana State Employees Retirement System purchased a new position in Northfield Bancorp, Inc. (Staten Island, NY) during the 4th quarter valued at $249,000. GSA Capital Partners LLP raised its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 550.0% in the third quarter. GSA Capital Partners LLP now owns 87,735 shares of the bank’s stock worth $829,000 after buying an additional 74,237 shares in the last quarter. Trexquant Investment LP purchased a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the third quarter worth about $417,000. Assenagon Asset Management S.A. bought a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the 3rd quarter valued at approximately $997,000. Finally, Barclays PLC grew its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 12.4% during the 3rd quarter. Barclays PLC now owns 26,962 shares of the bank’s stock worth $255,000 after acquiring an additional 2,971 shares during the period. Institutional investors own 65.51% of the company’s stock.

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.