DA Davidson Weighs in on Northfield Bancorp, Inc.’s Q1 2018 Earnings (NFBK)

Northfield Bancorp, Inc. (NASDAQ:NFBK) – Analysts at DA Davidson raised their Q1 2018 earnings estimates for Northfield Bancorp in a research report issued on Friday. DA Davidson analyst R. Gunther now anticipates that the bank will post earnings per share of $0.18 for the quarter, up from their previous estimate of $0.15. DA Davidson also issued estimates for Northfield Bancorp’s Q2 2018 earnings at $0.20 EPS, Q3 2018 earnings at $0.20 EPS, Q4 2018 earnings at $0.21 EPS, FY2018 earnings at $0.79 EPS, Q1 2019 earnings at $0.18 EPS, Q2 2019 earnings at $0.20 EPS, Q3 2019 earnings at $0.20 EPS, Q4 2019 earnings at $0.21 EPS and FY2019 earnings at $0.80 EPS.

Northfield Bancorp (NASDAQ:NFBK) last released its quarterly earnings results on Wednesday, January 24th. The bank reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.02. Northfield Bancorp had a return on equity of 5.03% and a net margin of 17.14%. The business had revenue of $30.40 million for the quarter, compared to the consensus estimate of $30.67 million. During the same quarter last year, the business posted $0.18 earnings per share.

A number of other research firms also recently weighed in on NFBK. BidaskClub downgraded Northfield Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. Keefe, Bruyette & Woods restated a “hold” rating and set a $20.00 price target on shares of Northfield Bancorp in a research report on Friday, December 22nd. Finally, Piper Jaffray Companies reaffirmed a “hold” rating on shares of Northfield Bancorp in a research note on Friday, November 10th.

Shares of Northfield Bancorp (NASDAQ:NFBK) opened at $17.07 on Monday. Northfield Bancorp has a 12-month low of $15.35 and a 12-month high of $19.25. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.17 and a current ratio of 1.11. The firm has a market capitalization of $833.89, a PE ratio of 24.73, a price-to-earnings-growth ratio of 2.53 and a beta of 0.08.

Large investors have recently made changes to their positions in the company. Moors & Cabot Inc. bought a new position in shares of Northfield Bancorp during the second quarter valued at about $172,000. Piedmont Investment Advisors LLC bought a new position in shares of Northfield Bancorp during the third quarter valued at about $175,000. GSA Capital Partners LLP bought a new stake in shares of Northfield Bancorp in the second quarter worth about $181,000. SG Americas Securities LLC bought a new stake in shares of Northfield Bancorp in the third quarter worth about $199,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Northfield Bancorp in the third quarter worth about $243,000. 53.07% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Robin Lefkowitz sold 2,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $17.00, for a total transaction of $34,000.00. Following the transaction, the executive vice president now directly owns 30,433 shares of the company’s stock, valued at $517,361. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 9.34% of the stock is currently owned by company insiders.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 21st. Stockholders of record on Wednesday, February 7th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.34%.

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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.

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

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