$0.20 Earnings Per Share Expected for Northfield Bancorp Inc (NFBK) This Quarter

Brokerages expect that Northfield Bancorp Inc (NASDAQ:NFBK) will post earnings of $0.20 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Northfield Bancorp’s earnings. Northfield Bancorp reported earnings of $0.19 per share during the same quarter last year, which indicates a positive year over year growth rate of 5.3%. The company is scheduled to issue its next quarterly earnings report on Wednesday, January 23rd.

According to Zacks, analysts expect that Northfield Bancorp will report full-year earnings of $0.84 per share for the current financial year. For the next year, analysts expect that the firm will report earnings of $0.79 per share, with EPS estimates ranging from $0.76 to $0.82. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover 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 analysts’ consensus estimates of $0.21 by ($0.02). The business had revenue of $30.56 million during the quarter, compared to analyst estimates of $30.39 million. Northfield Bancorp had a return on equity of 5.87% and a net margin of 18.59%.

A number of equities analysts have commented on NFBK shares. Zacks Investment Research lowered Northfield Bancorp from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 1st. BidaskClub lowered Northfield Bancorp from a “sell” rating to a “strong sell” rating in a research note on Thursday, September 20th. ValuEngine lowered Northfield Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, August 28th. Finally, Keefe, Bruyette & Woods reissued a “neutral” rating on shares of Northfield Bancorp in a research note on Thursday, August 9th. Three research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Northfield Bancorp presently has an average rating of “Hold” and an average price target of $17.75.

In other news, EVP Robin Lefkowitz sold 2,000 shares of the business’s stock in a transaction on Monday, November 12th. The stock was sold at an average price of $13.75, for a total transaction of $27,500.00. Following the completion of the sale, the executive vice president now owns 27,240 shares in the company, valued at $374,550. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Annette Catino bought 6,000 shares of the company’s stock in a transaction dated Wednesday, October 31st. The shares were purchased at an average price of $13.20 per share, with a total value of $79,200.00. Following the transaction, the director now owns 239,930 shares of the company’s stock, valued at $3,167,076. The disclosure for this purchase can be found here. Insiders own 9.34% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. First Trust Advisors LP raised its position in shares of Northfield Bancorp by 21.5% during the second quarter. First Trust Advisors LP now owns 69,449 shares of the bank’s stock worth $1,154,000 after acquiring an additional 12,287 shares during the last quarter. Legal & General Group Plc increased its holdings in Northfield Bancorp by 7.2% in the second 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. Schwab Charles Investment Management Inc. increased its holdings in Northfield Bancorp by 5.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 248,583 shares of the bank’s stock valued at $4,132,000 after purchasing an additional 13,377 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Northfield Bancorp by 3.0% in the first quarter. Principal Financial Group Inc. now owns 370,044 shares of the bank’s stock worth $5,776,000 after acquiring an additional 10,944 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of Northfield Bancorp by 70.2% in the second quarter. Bank of Montreal Can now owns 7,386 shares of the bank’s stock worth $122,000 after acquiring an additional 3,046 shares in the last quarter. Institutional investors own 55.84% of the company’s stock.

Northfield Bancorp stock opened at $14.09 on Thursday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $698.06 million, a price-to-earnings ratio of 19.30, a price-to-earnings-growth ratio of 2.10 and a beta of 0.60. Northfield Bancorp has a 52 week low of $12.92 and a 52 week high of $18.39.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Wednesday, November 7th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date was Tuesday, November 6th. Northfield Bancorp’s dividend payout ratio is currently 54.79%.

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.

Further Reading: What does cost of debt say about a company’s financial health?

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

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