Zacks: Analysts Anticipate Northfield Bancorp, Inc. (NFBK) Will Announce Earnings of $0.15 Per Share
Equities analysts expect that Northfield Bancorp, Inc. (NASDAQ:NFBK) will report $0.15 earnings per share for the current quarter, according to Zacks. Zero analysts have made estimates for Northfield Bancorp’s earnings. Northfield Bancorp posted earnings of $0.17 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 11.8%. The firm is expected to announce its next quarterly earnings report on Wednesday, October 25th.
On average, analysts expect that Northfield Bancorp will report full year earnings of $0.67 per share for the current year. For the next fiscal year, analysts expect that the business will post earnings of $0.66 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that cover Northfield Bancorp.
Northfield Bancorp (NASDAQ:NFBK) last released its earnings results on Wednesday, July 26th. The bank reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.03. Northfield Bancorp had a return on equity of 4.93% and a net margin of 24.13%. The firm had revenue of $29.35 million for the quarter, compared to analyst estimates of $26.20 million. During the same quarter in the prior year, the firm posted $0.15 earnings per share.
A number of equities research analysts have commented on the company. BidaskClub lowered Northfield Bancorp from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Piper Jaffray Companies reiterated a “hold” rating and issued a $16.50 price target on shares of Northfield Bancorp in a research report on Thursday, August 3rd. Finally, Keefe, Bruyette & Woods set a $18.00 price target on Northfield Bancorp and gave the company a “hold” rating in a research report on Saturday, May 20th.
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In other Northfield Bancorp news, Director Patrick E. Scura, Jr. sold 8,483 shares of the company’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $17.41, for a total value of $147,689.03. Following the sale, the director now owns 60,043 shares in the company, valued at approximately $1,045,348.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Patrick E. Scura, Jr. sold 2,503 shares of the company’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $16.59, for a total value of $41,524.77. Following the completion of the sale, the director now owns 66,043 shares in the company, valued at approximately $1,095,653.37. The disclosure for this sale can be found here. Insiders sold a total of 37,154 shares of company stock worth $624,715 in the last quarter. Corporate insiders own 9.34% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in NFBK. LS Investment Advisors LLC increased its position in shares of Northfield Bancorp by 247.5% in the first quarter. LS Investment Advisors LLC now owns 5,539 shares of the bank’s stock worth $100,000 after buying an additional 3,945 shares in the last quarter. Sei Investments Co. increased its position in shares of Northfield Bancorp by 6.0% in the first quarter. Sei Investments Co. now owns 8,144 shares of the bank’s stock worth $147,000 after buying an additional 462 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Northfield Bancorp by 80.1% in the second quarter. State of Alaska Department of Revenue now owns 8,969 shares of the bank’s stock worth $153,000 after buying an additional 3,989 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Northfield Bancorp by 1.5% in the first quarter. BNP Paribas Arbitrage SA now owns 9,918 shares of the bank’s stock worth $179,000 after buying an additional 142 shares in the last quarter. Finally, Moors & Cabot Inc. acquired a new position in shares of Northfield Bancorp during the second quarter worth about $172,000. 53.02% of the stock is currently owned by institutional investors.
Northfield Bancorp (NASDAQ NFBK) traded down 0.25% during trading on Thursday, reaching $15.84. The company’s stock had a trading volume of 985 shares. The firm has a 50 day moving average price of $16.81 and a 200-day moving average price of $17.53. The stock has a market cap of $716.79 million, a price-to-earnings ratio of 21.70 and a beta of 0.33. Northfield Bancorp has a 52-week low of $14.88 and a 52-week high of $20.59.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th will be given a $0.08 dividend. The ex-dividend date of this dividend is Monday, August 7th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.02%. Northfield Bancorp’s dividend payout ratio (DPR) is presently 43.84%.
Northfield Bancorp Company Profile
Northfield Bancorp, Inc is a holding company for Northfield Bank (the Bank). Northfield Bank’s principal business consists of originating commercial real estate loans and multifamily real estate loans, purchasing investment securities including mortgage-backed securities and corporate bonds, as well as depositing funds in other financial institutions.
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