$0.19 EPS Expected for Northfield Bancorp Inc (NASDAQ:NFBK) This Quarter

Equities analysts predict that Northfield Bancorp Inc (NASDAQ:NFBK) will announce earnings of $0.19 per share for the current quarter, Zacks reports. Two analysts have issued estimates for Northfield Bancorp’s earnings. The highest EPS estimate is $0.19 and the lowest is $0.18. Northfield Bancorp posted earnings of $0.23 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 17.4%. The firm is expected to report its next quarterly earnings results on Wednesday, July 24th.

According to Zacks, analysts expect that Northfield Bancorp will report full-year earnings of $0.75 per share for the current financial year, with EPS estimates ranging from $0.74 to $0.76. For the next year, analysts anticipate that the business will post earnings of $0.79 per share, with EPS estimates ranging from $0.75 to $0.82. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Northfield Bancorp.

Northfield Bancorp (NASDAQ:NFBK) last posted its quarterly earnings data on Wednesday, April 24th. The bank reported $0.19 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.19. Northfield Bancorp had a net margin of 23.84% and a return on equity of 5.30%. The business had revenue of $30.64 million for the quarter, compared to analysts’ expectations of $30.24 million.

A number of research analysts have weighed in on the stock. BidaskClub cut shares of Northfield Bancorp from a “hold” rating to a “sell” rating in a research report on Monday. Zacks Investment Research upgraded shares of Northfield Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, June 21st. Finally, TheStreet upgraded shares of Northfield Bancorp from a “c+” rating to a “b-” rating in a research report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.00.

In other news, CEO Steven M. Klein sold 13,626 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $15.18, for a total value of $206,842.68. Following the transaction, the chief executive officer now directly owns 356,600 shares in the company, valued at $5,413,188. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Frank P. Patafio sold 4,500 shares of the company’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $15.22, for a total transaction of $68,490.00. Following the completion of the transaction, the director now owns 187,774 shares in the company, valued at $2,857,920.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,375 shares of company stock worth $566,248. Company insiders own 8.60% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Thrivent Financial for Lutherans grew its holdings 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 last quarter. Texas Permanent School Fund grew its holdings in Northfield Bancorp by 4.1% during the 4th quarter. Texas Permanent School Fund now owns 30,799 shares of the bank’s stock worth $417,000 after acquiring an additional 1,215 shares in the last quarter. Comerica Bank grew its holdings in Northfield Bancorp by 2.7% during the 1st quarter. Comerica Bank now owns 46,453 shares of the bank’s stock worth $674,000 after acquiring an additional 1,235 shares in the last quarter. California Public Employees Retirement System grew its holdings in Northfield Bancorp by 1.1% during the 4th quarter. California Public Employees Retirement System now owns 149,892 shares of the bank’s stock worth $2,031,000 after acquiring an additional 1,571 shares in the last quarter. Finally, FMR LLC grew its holdings in 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 acquiring an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 57.54% of the company’s stock.

NFBK stock opened at $15.07 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.98 and a quick ratio of 0.98. Northfield Bancorp has a twelve month low of $12.76 and a twelve month high of $17.33. The company has a market capitalization of $751.15 million, a PE ratio of 19.83, a price-to-earnings-growth ratio of 2.52 and a beta of 0.55. The company’s fifty day moving average price is $15.17.

About Northfield Bancorp

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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Earnings History and Estimates for Northfield Bancorp (NASDAQ:NFBK)

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