Analysts Expect Northfield Bancorp Inc. (NFBK) to Post $0.21 EPS

Equities analysts predict that Northfield Bancorp Inc. (NASDAQ:NFBK) will report earnings per share (EPS) of $0.21 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Northfield Bancorp’s earnings. The lowest EPS estimate is $0.20 and the highest is $0.21. Northfield Bancorp reported earnings per share of $0.18 during the same quarter last year, which indicates a positive year over year growth rate of 16.7%. The company is scheduled to announce its next earnings report on Wednesday, July 25th.

According to Zacks, analysts expect that Northfield Bancorp will report full-year earnings of $0.84 per share for the current financial year, with EPS estimates ranging from $0.80 to $0.87. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.84 per share, with EPS estimates ranging from $0.80 to $0.87. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Northfield Bancorp.

Northfield Bancorp (NASDAQ:NFBK) last released its quarterly earnings results on Wednesday, April 25th. The bank reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. Northfield Bancorp had a return on equity of 5.43% and a net margin of 17.38%. The firm had revenue of $29.95 million for the quarter, compared to analyst estimates of $29.87 million.

A number of research firms have commented on NFBK. Zacks Investment Research lowered Northfield Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday. TheStreet upgraded Northfield Bancorp from a “c+” rating to a “b” rating in a research report on Thursday, April 26th. Finally, BidaskClub lowered Northfield Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $17.60.

Shares of Northfield Bancorp traded up $0.31, reaching $16.27, during trading on Thursday, according to MarketBeat. The company had a trading volume of 120,100 shares, compared to its average volume of 96,368. Northfield Bancorp has a 12 month low of $15.88 and a 12 month high of $15.92. The firm has a market capitalization of $777.27 million, a PE ratio of 22.29, a price-to-earnings-growth ratio of 2.37 and a beta of 0.35. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.71.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 23rd. Investors of record on Wednesday, May 9th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, May 8th. This represents a $0.40 annualized dividend and a dividend yield of 2.46%. Northfield Bancorp’s payout ratio is 54.79%.

In related news, Director Frank P. Patafio sold 5,000 shares of the company’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $16.10, for a total transaction of $80,500.00. Following the sale, the director now owns 192,274 shares in the company, valued at approximately $3,095,611.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gil Chapman sold 4,351 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $16.28, for a total value of $70,834.28. Following the sale, the director now owns 94,313 shares in the company, valued at approximately $1,535,415.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 75,278 shares of company stock worth $1,209,045. 9.34% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. boosted its position in shares of Northfield Bancorp by 5.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 218,091 shares of the bank’s stock valued at $3,784,000 after purchasing an additional 11,577 shares in the last quarter. BlackRock Inc. boosted its holdings in Northfield Bancorp by 2.1% in the fourth quarter. BlackRock Inc. now owns 5,817,669 shares of the bank’s stock worth $99,366,000 after acquiring an additional 120,290 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Northfield Bancorp by 23.2% in the fourth quarter. Wells Fargo & Company MN now owns 76,328 shares of the bank’s stock worth $1,304,000 after acquiring an additional 14,392 shares in the last quarter. Rhumbline Advisers boosted its holdings in Northfield Bancorp by 9.9% in the fourth quarter. Rhumbline Advisers now owns 130,694 shares of the bank’s stock worth $2,232,000 after acquiring an additional 11,725 shares in the last quarter. Finally, Arizona State Retirement System boosted its holdings in Northfield Bancorp by 223.6% in the fourth quarter. Arizona State Retirement System now owns 78,047 shares of the bank’s stock worth $1,333,000 after acquiring an additional 53,932 shares in the last quarter. Institutional investors own 52.85% of the company’s stock.

About Northfield Bancorp

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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Earnings History and Estimates for Northfield Bancorp (NASDAQ:NFBK)

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