Zacks: Brokerages Expect Northfield Bancorp Inc (NFBK) to Post $0.19 EPS
Wall Street brokerages predict that Northfield Bancorp Inc (NASDAQ:NFBK) will announce earnings of $0.19 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Northfield Bancorp’s earnings. Northfield Bancorp posted earnings per share of $0.20 during the same quarter last year, which indicates a negative year-over-year growth rate of 5%. The business is scheduled to announce its next earnings report on Wednesday, April 24th.
On average, analysts expect that Northfield Bancorp will report full-year earnings of $0.77 per share for the current fiscal year, with EPS estimates ranging from $0.74 to $0.80. For the next fiscal year, analysts forecast that the business will post earnings of $0.80 per share, with EPS estimates ranging from $0.75 to $0.85. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Northfield Bancorp.
Northfield Bancorp (NASDAQ:NFBK) last announced its quarterly earnings results on Wednesday, January 30th. The bank reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.06). Northfield Bancorp had a net margin of 25.79% and a return on equity of 5.49%. The business had revenue of $28.64 million during the quarter, compared to the consensus estimate of $30.64 million.
In other news, Director Gil Chapman sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $14.58, for a total transaction of $116,640.00. Following the completion of the sale, the director now owns 57,397 shares in the company, valued at approximately $836,848.26. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kenneth J. Doherty sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $14.56, for a total transaction of $145,600.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,000 shares of company stock valued at $335,240. Company insiders own 9.20% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Geode Capital Management LLC increased its stake in shares of Northfield Bancorp by 9.8% during the 4th quarter. Geode Capital Management LLC now owns 543,090 shares of the bank’s stock worth $7,358,000 after purchasing an additional 48,257 shares during the last quarter. FMR LLC increased its stake in shares of Northfield Bancorp by 561.8% during the 4th quarter. FMR LLC now owns 2,356 shares of the bank’s stock worth $32,000 after purchasing an additional 2,000 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Northfield Bancorp by 2.2% during the 4th 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 last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Northfield Bancorp during the 4th quarter worth approximately $266,000. Finally, Metropolitan Life Insurance Co. NY increased its stake in shares of Northfield Bancorp by 398.2% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 14,518 shares of the bank’s stock worth $197,000 after purchasing an additional 11,604 shares during the last quarter. Institutional investors own 57.02% of the company’s stock.
NASDAQ NFBK traded down $0.56 during trading hours on Friday, hitting $13.39. The company’s stock had a trading volume of 144,054 shares, compared to its average volume of 80,437. Northfield Bancorp has a 52 week low of $12.76 and a 52 week high of $17.33. The stock has a market cap of $666.47 million, a price-to-earnings ratio of 17.62, a PEG ratio of 2.17 and a beta of 0.59. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.00 and a current ratio of 1.00.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 27th. Shareholders of record on Wednesday, February 13th were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, February 12th. This represents a $0.40 annualized dividend and a yield of 2.99%. Northfield Bancorp’s dividend payout ratio (DPR) is 52.63%.
Northfield Bancorp Company Profile
Northfield Bancorp, Inc 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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