Northfield Bancorp, Inc. (NFBK) Set to Announce Earnings on Tuesday
Northfield Bancorp, Inc. (NASDAQ:NFBK) will be releasing its earnings data on Tuesday, October 24th. Analysts expect Northfield Bancorp to post earnings of $0.17 per share for the quarter.
Northfield Bancorp (NASDAQ:NFBK) last issued its earnings results on Wednesday, July 26th. The bank reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. The business had revenue of $29.35 million during the quarter, compared to analyst estimates of $26.20 million. Northfield Bancorp had a return on equity of 4.93% and a net margin of 24.13%. During the same period in the prior year, the company posted $0.15 earnings per share. On average, analysts expect Northfield Bancorp to post $0.72 EPS for the current fiscal year and $0.67 EPS for the next fiscal year.
Northfield Bancorp, Inc. (NASDAQ:NFBK) opened at 17.46 on Tuesday. The firm has a market capitalization of $790.10 million, a price-to-earnings ratio of 23.92 and a beta of 0.33. Northfield Bancorp, Inc. has a 52 week low of $14.88 and a 52 week high of $20.59. The company has a 50 day moving average price of $16.57 and a 200-day moving average price of $17.00.
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NFBK has been the subject of several recent research reports. Piper Jaffray Companies restated a “hold” rating and issued a $16.50 price target on shares of Northfield Bancorp in a research note on Thursday, August 3rd. BidaskClub downgraded Northfield Bancorp from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $17.00 price target on shares of Northfield Bancorp in a research note on Tuesday, October 3rd. Finally, DA Davidson initiated coverage on Northfield Bancorp in a research note on Friday, September 1st. They issued a “neutral” rating and a $17.00 price target for the company.
About Northfield Bancorp
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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