DA Davidson Has Bullish Estimate for NFBK FY2025 Earnings

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) – Stock analysts at DA Davidson lifted their FY2025 earnings estimates for Northfield Bancorp, Inc. (Staten Island, NY) in a research report issued on Tuesday, May 20th. DA Davidson analyst M. Navas now forecasts that the bank will post earnings per share of $0.90 for the year, up from their previous forecast of $0.80. The consensus estimate for Northfield Bancorp, Inc. (Staten Island, NY)’s current full-year earnings is $0.82 per share.

Several other analysts have also commented on NFBK. Keefe, Bruyette & Woods lowered their price objective on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $12.00 and set a “market perform” rating for the company in a report on Tuesday, April 29th. Piper Sandler upgraded shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $13.00 to $14.00 in a report on Friday, May 2nd.

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

Shares of NFBK opened at $11.48 on Thursday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.00 and a quick ratio of 1.00. Northfield Bancorp, Inc. has a one year low of $6.98 and a one year high of $14.39. The company has a 50-day simple moving average of $10.75 and a two-hundred day simple moving average of $11.66. The firm has a market capitalization of $489.35 million, a PE ratio of 15.94 and a beta of 0.75.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last issued its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.19 EPS for the quarter, topping the consensus estimate of $0.18 by $0.01. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 11.76% and a return on equity of 4.12%. The business had revenue of $34.81 million during the quarter, compared to analyst estimates of $29.82 million.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th were issued a dividend of $0.13 per share. The ex-dividend date was Wednesday, May 7th. This represents a $0.52 annualized dividend and a dividend yield of 4.53%. Northfield Bancorp, Inc. (Staten Island, NY)’s payout ratio is 68.42%.

Insider Activity

In related news, Director Frank P. Patafio sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $10.13, for a total value of $50,650.00. Following the completion of the transaction, the director now directly owns 147,938 shares in the company, valued at $1,498,611.94. The trade was a 3.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.95% of the company’s stock.

Hedge Funds Weigh In On Northfield Bancorp, Inc. (Staten Island, NY)

A number of hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 0.9% in the 4th quarter. Bank of America Corp DE now owns 110,130 shares of the bank’s stock worth $1,280,000 after acquiring an additional 973 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 9.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,076 shares of the bank’s stock worth $152,000 after acquiring an additional 1,159 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 6.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,012 shares of the bank’s stock worth $251,000 after acquiring an additional 1,426 shares during the last quarter. GAMMA Investing LLC raised its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 113.7% in the 1st quarter. GAMMA Investing LLC now owns 3,870 shares of the bank’s stock worth $42,000 after acquiring an additional 2,059 shares during the last quarter. Finally, CWM LLC raised its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 9.2% in the 1st quarter. CWM LLC now owns 31,571 shares of the bank’s stock worth $344,000 after acquiring an additional 2,666 shares during the last quarter. 65.51% of the stock is currently owned by hedge funds and other institutional investors.

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

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.