Northfield Bancorp, Inc. (NFBK) Given $16.75 Consensus Price Target by Brokerages
Northfield Bancorp, Inc. (NASDAQ:NFBK) has been assigned an average broker rating score of 3.00 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating.
Brokerages have set a 12-month consensus price target of $16.75 for the company and are expecting that the company will post $0.17 EPS for the current quarter, according to Zacks. Zacks has also assigned Northfield Bancorp an industry rank of 122 out of 265 based on the ratings given to related companies.
Several brokerages recently weighed in on NFBK. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $17.00 price target on shares of Northfield Bancorp in a report on Tuesday, October 3rd. Piper Jaffray Companies reiterated a “hold” rating and issued a $16.50 price target on shares of Northfield Bancorp in a report on Thursday, August 3rd. Finally, DA Davidson began coverage on shares of Northfield Bancorp in a report on Friday, September 1st. They issued a “neutral” rating and a $17.00 price target on the stock.
Several large investors have recently made changes to their positions in NFBK. BlackRock Inc. lifted its position in shares of Northfield Bancorp by 56,692.4% during the 1st quarter. BlackRock Inc. now owns 5,494,092 shares of the bank’s stock valued at $99,003,000 after buying an additional 5,484,418 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Northfield Bancorp by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 3,846,694 shares of the bank’s stock valued at $69,317,000 after buying an additional 167,713 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Northfield Bancorp by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,194,954 shares of the bank’s stock valued at $54,794,000 after buying an additional 108,637 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Northfield Bancorp by 3.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,964,618 shares of the bank’s stock valued at $33,693,000 after buying an additional 61,350 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Northfield Bancorp by 3.1% during the 2nd quarter. State Street Corp now owns 1,193,509 shares of the bank’s stock valued at $20,467,000 after buying an additional 36,329 shares in the last quarter. Hedge funds and other institutional investors own 52.73% of the company’s stock.
Northfield Bancorp (NASDAQ NFBK) opened at $17.15 on Monday. The company has a market cap of $838.29, a P/E ratio of 25.22, a P/E/G ratio of 2.38 and a beta of 0.33. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.17 and a quick ratio of 1.17. Northfield Bancorp has a 1 year low of $15.35 and a 1 year high of $20.59.
Northfield Bancorp (NASDAQ:NFBK) last announced its quarterly earnings data on Wednesday, October 25th. The bank reported $0.17 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.17. The firm had revenue of $29.97 million during the quarter, compared to analyst estimates of $29.66 million. Northfield Bancorp had a net margin of 24.39% and a return on equity of 4.97%. research analysts anticipate that Northfield Bancorp will post 0.72 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th were paid a dividend of $0.10 per share. This is a boost from Northfield Bancorp’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.33%. Northfield Bancorp’s dividend payout ratio (DPR) is presently 54.05%.
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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