Northfield Bancorp, Inc. (NFBK) to Post Q4 2017 Earnings of $0.16 Per Share, DA Davidson Forecasts
Northfield Bancorp, Inc. (NASDAQ:NFBK) – Research analysts at DA Davidson dropped their Q4 2017 earnings per share estimates for shares of Northfield Bancorp in a report issued on Thursday. DA Davidson analyst R. Gunther now forecasts that the bank will earn $0.16 per share for the quarter, down from their previous estimate of $0.17. DA Davidson currently has a “Neutral” rating and a $17.00 target price on the stock.
Several other research firms have also recently weighed in on NFBK. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $17.00 price target on shares of Northfield Bancorp in a report on Tuesday, October 3rd. BidaskClub cut Northfield Bancorp from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $16.50 price objective on shares of Northfield Bancorp in a report on Thursday, August 3rd.
Northfield Bancorp (NFBK) traded down 1.41% on Monday, reaching $16.82. The company’s stock had a trading volume of 19,487 shares. The stock’s 50 day moving average price is $17.03 and its 200 day moving average price is $16.97. The firm has a market cap of $761.14 million, a PE ratio of 23.04 and a beta of 0.33. Northfield Bancorp has a 52-week low of $15.35 and a 52-week high of $20.59.
Northfield Bancorp (NASDAQ:NFBK) last released its earnings results on Wednesday, October 25th. The bank reported $0.17 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.17. Northfield Bancorp had a return on equity of 4.97% and a net margin of 24.39%. The firm had revenue of $29.97 million for the quarter, compared to analysts’ expectations of $29.66 million.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.34%. This is a boost from Northfield Bancorp’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Tuesday, November 7th. Northfield Bancorp’s dividend payout ratio (DPR) is currently 43.24%.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in shares of Northfield Bancorp by 0.5% during the 2nd quarter. BlackRock Inc. now owns 5,519,013 shares of the bank’s stock valued at $94,653,000 after buying an additional 24,921 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Northfield Bancorp by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 3,919,386 shares of the bank’s stock valued at $67,218,000 after buying an additional 72,692 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Northfield Bancorp by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,194,954 shares of the bank’s stock valued at $54,794,000 after buying an additional 108,637 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Northfield Bancorp by 3.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,964,618 shares of the bank’s stock valued at $33,693,000 after buying an additional 61,350 shares in the last quarter. Finally, State Street Corp grew its position in Northfield Bancorp by 3.1% during the 2nd quarter. State Street Corp now owns 1,193,509 shares of the bank’s stock worth $20,467,000 after acquiring an additional 36,329 shares during the last quarter. 52.84% of the stock is currently owned by institutional investors.
About Northfield Bancorp
Northfield Bancorp, Inc is a holding company for Northfield Bank (the Bank). Northfield Bank’s principal business consists of originating commercial real estate loans and multifamily real estate loans, purchasing investment securities including mortgage-backed securities and corporate bonds, as well as depositing funds in other financial institutions.
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