Q4 Earnings Estimate for NFBK Issued By DA Davidson

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) – DA Davidson issued their Q4 2024 EPS estimates for shares of Northfield Bancorp, Inc. (Staten Island, NY) in a note issued to investors on Friday, November 8th. DA Davidson analyst M. Navas expects that the bank will post earnings of $0.18 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.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last announced its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. The company had revenue of $62.90 million for the quarter, compared to analysts’ expectations of $32.30 million. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 10.94% and a return on equity of 4.05%.

Separately, Keefe, Bruyette & Woods boosted their target price on Northfield Bancorp, Inc. (Staten Island, NY) from $9.50 to $11.25 and gave the stock a “market perform” rating in a research report on Tuesday, July 30th.

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

Shares of Northfield Bancorp, Inc. (Staten Island, NY) stock opened at $13.54 on Monday. Northfield Bancorp, Inc. has a 1 year low of $6.98 and a 1 year high of $13.78. The firm’s 50-day moving average is $11.81 and its 200 day moving average is $10.64. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market cap of $584.79 million, a price-to-earnings ratio of 21.16 and a beta of 0.74.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date is Wednesday, November 6th. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio (DPR) is 81.25%.

Institutional Investors Weigh In On Northfield Bancorp, Inc. (Staten Island, NY)

Several hedge funds and other institutional investors have recently made changes to their positions in NFBK. Millennium Management LLC increased its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 877.7% during the 2nd quarter. Millennium Management LLC now owns 1,074,151 shares of the bank’s stock valued at $10,183,000 after purchasing an additional 964,286 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 69.7% during the 2nd quarter. AQR Capital Management LLC now owns 924,716 shares of the bank’s stock valued at $8,766,000 after purchasing an additional 379,695 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the 2nd quarter valued at about $2,180,000. GSA Capital Partners LLP increased its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 367.8% during the 3rd quarter. GSA Capital Partners LLP now owns 197,895 shares of the bank’s stock valued at $2,296,000 after purchasing an additional 155,592 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 753.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 134,317 shares of the bank’s stock valued at $1,273,000 after purchasing an additional 118,581 shares during the last quarter. 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.