FY2022 EPS Estimates for Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Raised by Analyst

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBKGet Rating) – Research analysts at DA Davidson upped their FY2022 EPS estimates for shares of Northfield Bancorp, Inc. (Staten Island, NY) in a research report issued on Monday, May 2nd. DA Davidson analyst R. Gunther now expects that the bank will post earnings per share of $1.10 for the year, up from their previous estimate of $1.05.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBKGet Rating) last issued its earnings results on Wednesday, April 27th. The bank reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 36.53% and a return on equity of 8.97%.

Other research analysts have also issued reports about the stock. StockNews.com assumed coverage on shares of Northfield Bancorp, Inc. (Staten Island, NY) in a research report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research lowered Northfield Bancorp, Inc. (Staten Island, NY) from a “hold” rating to a “sell” rating in a research report on Friday, April 29th.

NFBK stock opened at $12.95 on Wednesday. The company has a 50 day moving average price of $14.38. The company has a market capitalization of $633.38 million, a price-to-earnings ratio of 9.45 and a beta of 0.69. Northfield Bancorp, Inc. has a 12 month low of $12.89 and a 12 month high of $18.41. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.92 and a quick ratio of 0.91.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Invesco Ltd. increased its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 230.3% in the 3rd quarter. Invesco Ltd. now owns 734,720 shares of the bank’s stock worth $12,608,000 after buying an additional 512,280 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 54.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 545,846 shares of the bank’s stock worth $9,367,000 after acquiring an additional 192,949 shares during the period. Assenagon Asset Management S.A. bought a new position in Northfield Bancorp, Inc. (Staten Island, NY) during the fourth quarter valued at approximately $2,529,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Northfield Bancorp, Inc. (Staten Island, NY) during the third quarter valued at approximately $1,297,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the 4th quarter worth approximately $1,146,000. 64.67% of the stock is owned by institutional investors.

In related news, CEO Steven M. Klein bought 3,751 shares of the business’s stock in a transaction dated Thursday, March 10th. The shares were purchased at an average price of $14.88 per share, with a total value of $55,814.88. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 7.12% of the stock is currently owned by insiders.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 25th. Stockholders of record on Wednesday, May 11th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend is Tuesday, May 10th. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is 37.96%.

About Northfield Bancorp, Inc. (Staten Island, NY) (Get Rating)

Northfield Bancorp, Inc (Staten Island, NY) operates as the bank holding company for Northfield Bank that provides various banking 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; individual retirement accounts; and brokered deposits.

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Earnings History and Estimates for Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

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