Equities research analysts expect that Northfield Bancorp Inc (NASDAQ:NFBK) will announce $30.96 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Northfield Bancorp’s earnings, with the highest sales estimate coming in at $31.22 million and the lowest estimate coming in at $30.70 million. Northfield Bancorp posted sales of $30.56 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.3%. The company is scheduled to issue its next earnings results on Wednesday, October 23rd.
On average, analysts expect that Northfield Bancorp will report full-year sales of $122.93 million for the current year, with estimates ranging from $122.20 million to $123.66 million. For the next year, analysts anticipate that the business will post sales of $129.37 million, with estimates ranging from $128.40 million to $130.35 million. Zacks’ sales averages are an average based on a survey of research firms that cover Northfield Bancorp.
Northfield Bancorp (NASDAQ:NFBK) last released its quarterly earnings data on Wednesday, July 24th. The bank reported $0.17 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.02). The company had revenue of $29.73 million during the quarter, compared to analyst estimates of $29.96 million. Northfield Bancorp had a net margin of 21.75% and a return on equity of 4.88%.
In other news, Director Gil Chapman sold 3,000 shares of Northfield Bancorp stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $14.80, for a total transaction of $44,400.00. Following the completion of the sale, the director now owns 54,397 shares of the company’s stock, valued at $805,075.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frank P. Patafio sold 4,500 shares of Northfield Bancorp stock in a transaction on Monday, June 17th. The stock was sold at an average price of $15.22, for a total value of $68,490.00. Following the sale, the director now directly owns 187,774 shares of the company’s stock, valued at approximately $2,857,920.28. The disclosure for this sale can be found here. Insiders have sold a total of 67,355 shares of company stock valued at $1,046,030 in the last ninety days. Insiders own 8.60% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Thrivent Financial for Lutherans increased its position in shares of Northfield Bancorp by 2.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 33,459 shares of the bank’s stock worth $453,000 after purchasing an additional 735 shares during the period. Comerica Bank increased its position in shares of Northfield Bancorp by 2.7% in the first quarter. Comerica Bank now owns 46,453 shares of the bank’s stock worth $674,000 after purchasing an additional 1,235 shares during the period. Texas Permanent School Fund increased its position in shares of Northfield Bancorp by 4.2% in the first quarter. Texas Permanent School Fund now owns 32,106 shares of the bank’s stock worth $446,000 after purchasing an additional 1,307 shares during the period. UBS Asset Management Americas Inc. increased its position in shares of Northfield Bancorp by 3.5% in the second quarter. UBS Asset Management Americas Inc. now owns 40,216 shares of the bank’s stock worth $628,000 after purchasing an additional 1,354 shares during the period. Finally, Municipal Employees Retirement System of Michigan increased its position in shares of Northfield Bancorp by 9.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 21,690 shares of the bank’s stock worth $339,000 after purchasing an additional 1,850 shares during the period. 57.41% of the stock is owned by institutional investors.
Shares of NASDAQ NFBK traded down $0.07 during trading hours on Friday, hitting $15.21. The company had a trading volume of 83,430 shares, compared to its average volume of 89,831. The stock has a market capitalization of $770.83 million, a PE ratio of 20.11, a P/E/G ratio of 2.52 and a beta of 0.55. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.99 and a quick ratio of 0.98. Northfield Bancorp has a 1-year low of $12.76 and a 1-year high of $16.73. The firm’s 50 day moving average price is $15.63.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Tuesday, August 6th. Northfield Bancorp’s dividend payout ratio is 57.89%.
Northfield Bancorp 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 transaction accounts comprising negotiable orders of withdrawal accounts and non-interest bearing checking accounts; savings accounts, such as money market, passbook, and statement savings; certificates of deposit consisting of individual retirement accounts; and brokered deposits.
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