Northfield Bancorp, Inc. (Staten Island, NY) Expected to Post Q2 2024 Earnings of $0.14 Per Share (NASDAQ:NFBK)

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) – Equities researchers at DA Davidson issued their Q2 2024 earnings estimates for Northfield Bancorp, Inc. (Staten Island, NY) in a report released on Monday, May 6th. DA Davidson analyst M. Navas expects that the bank will earn $0.14 per share for the quarter. The consensus estimate for Northfield Bancorp, Inc. (Staten Island, NY)’s current full-year earnings is $0.67 per share. DA Davidson also issued estimates for Northfield Bancorp, Inc. (Staten Island, NY)’s FY2024 earnings at $0.65 EPS and FY2025 earnings at $1.05 EPS.

A number of other equities research analysts have also commented on the stock. Keefe, Bruyette & Woods lowered their price target on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $12.00 to $11.00 and set a “market perform” rating for the company in a report on Friday, April 5th. TheStreet downgraded shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “b-” rating to a “c+” rating in a research note on Friday, March 1st. Finally, Piper Sandler cut their target price on Northfield Bancorp, Inc. (Staten Island, NY) from $13.00 to $11.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Performance

NASDAQ:NFBK opened at $9.20 on Tuesday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.12 and a current ratio of 1.10. Northfield Bancorp, Inc. has a fifty-two week low of $7.99 and a fifty-two week high of $13.48. The firm has a market cap of $409.03 million, a PE ratio of 12.27 and a beta of 0.71. The business has a 50 day moving average price of $9.24 and a 200-day moving average price of $10.34.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last released its earnings results on Wednesday, April 24th. The bank reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 14.02% and a return on equity of 4.65%. The company had revenue of $62.03 million during the quarter, compared to the consensus estimate of $30.93 million.

Northfield Bancorp, Inc. (Staten Island, NY) Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.52 annualized dividend and a yield of 5.65%. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio (DPR) is presently 69.33%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in NFBK. Empowered Funds LLC lifted its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 8.2% in the 1st quarter. Empowered Funds LLC now owns 138,901 shares of the bank’s stock valued at $1,350,000 after purchasing an additional 10,500 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 76.0% during the 1st quarter. BNP Paribas Financial Markets now owns 19,794 shares of the bank’s stock valued at $192,000 after buying an additional 8,550 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 36.5% during the 1st quarter. Assenagon Asset Management S.A. now owns 181,823 shares of the bank’s stock valued at $1,767,000 after buying an additional 48,643 shares in the last quarter. BHZ Capital Management LP grew its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 23.8% in the 4th quarter. BHZ Capital Management LP now owns 234,429 shares of the bank’s stock worth $2,949,000 after buying an additional 45,093 shares during the period. Finally, rhino investment partners Inc bought a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the 4th quarter worth about $3,519,000. Hedge funds and other institutional investors own 65.51% of the company’s stock.

Northfield Bancorp, Inc. (Staten Island, NY) Company Profile

Northfield Bancorp, Inc (Staten Island, NY) 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 certificates of deposit, passbook, statement, and money market savings accounts; transaction deposit accounts comprising negotiable orders of withdrawal accounts, and interest and non-interest-bearing checking accounts; and brokered deposits.