Northfield Bancorp (NFBK) to Release Quarterly Earnings on Wednesday

Northfield Bancorp (NASDAQ:NFBK) will likely be issuing its results before the market opens on Wednesday, January 28th. Analysts expect the company to announce earnings of $0.28 per share and revenue of $39.4830 million for the quarter.

Northfield Bancorp (NASDAQ:NFBK) last issued its quarterly earnings results on Thursday, October 23rd. The bank reported $0.27 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.27. Northfield Bancorp had a return on equity of 5.20% and a net margin of 14.92%.The company had revenue of $39.24 million during the quarter, compared to the consensus estimate of $39.10 million. On average, analysts expect Northfield Bancorp to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Northfield Bancorp Trading Down 0.3%

NFBK stock opened at $12.28 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.31. Northfield Bancorp has a twelve month low of $9.40 and a twelve month high of $12.59. The stock has a market capitalization of $513.30 million, a price-to-earnings ratio of 12.66 and a beta of 0.84. The firm’s fifty day simple moving average is $11.46 and its two-hundred day simple moving average is $11.31.

Hedge Funds Weigh In On Northfield Bancorp

Several institutional investors and hedge funds have recently modified their holdings of NFBK. The Manufacturers Life Insurance Company grew its holdings in Northfield Bancorp by 8.3% during the second quarter. The Manufacturers Life Insurance Company now owns 15,129 shares of the bank’s stock worth $174,000 after acquiring an additional 1,164 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Northfield Bancorp 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 purchasing an additional 1,426 shares in the last quarter. Occudo Quantitative Strategies LP grew its stake in shares of Northfield Bancorp by 7.2% during the 2nd quarter. Occudo Quantitative Strategies LP now owns 24,129 shares of the bank’s stock worth $277,000 after purchasing an additional 1,619 shares during the period. First Trust Advisors LP grew its stake in shares of Northfield Bancorp by 6.5% during the 2nd quarter. First Trust Advisors LP now owns 30,623 shares of the bank’s stock worth $352,000 after purchasing an additional 1,880 shares during the period. Finally, Engineers Gate Manager LP increased its holdings in shares of Northfield Bancorp by 10.0% during the 2nd quarter. Engineers Gate Manager LP now owns 21,657 shares of the bank’s stock valued at $249,000 after purchasing an additional 1,962 shares in the last quarter. Institutional investors and hedge funds own 65.51% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on NFBK shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Northfield Bancorp in a report on Monday, December 29th. Keefe, Bruyette & Woods dropped their target price on Northfield Bancorp from $13.00 to $12.00 and set a “market perform” rating for the company in a research report on Tuesday, October 28th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $13.00.

Northfield Bancorp Company Profile

Northfield Bancorp is the bank holding company for Northfield Bank, a New Jersey‐based community bank offering a full range of financial products and services. Headquartered in New Jersey, the company serves individuals, families and small to mid‐sized businesses across Northern and Central New Jersey. Northfield Bancorp focuses on building lasting customer relationships through a combination of personalized service and technology‐driven solutions.

Through its subsidiary, Northfield Bank provides personal banking services such as checking and savings accounts, consumer loans, mortgage products and home equity lines of credit.