Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Expected to Earn Q3 2024 Earnings of $0.15 Per Share

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) – Investment analysts at DA Davidson issued their Q3 2024 earnings per share (EPS) estimates for shares of Northfield Bancorp, Inc. (Staten Island, NY) in a report released on Thursday, August 8th. DA Davidson analyst M. Navas forecasts that the bank will post earnings of $0.15 per share for the quarter. The consensus estimate for Northfield Bancorp, Inc. (Staten Island, NY)’s current full-year earnings is $0.64 per share.

A number of other brokerages have also weighed in on NFBK. Keefe, Bruyette & Woods lifted their target price on Northfield Bancorp, Inc. (Staten Island, NY) from $9.50 to $11.25 and gave the company a “market perform” rating in a research report on Tuesday, July 30th. Piper Sandler dropped their target price on Northfield Bancorp, Inc. (Staten Island, NY) from $13.00 to $11.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st.

Northfield Bancorp, Inc. (Staten Island, NY) Trading Down 0.4 %

Shares of NASDAQ NFBK opened at $11.27 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.66. The business has a fifty day simple moving average of $9.99 and a two-hundred day simple moving average of $9.84. The firm has a market cap of $499.76 million, a PE ratio of 15.03 and a beta of 0.75. Northfield Bancorp, Inc. has a twelve month low of $6.98 and a twelve month high of $13.48.

Northfield Bancorp, Inc. (Staten Island, NY) Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 4.61%. The ex-dividend date of this dividend is Wednesday, August 7th. Northfield Bancorp, Inc. (Staten Island, NY)’s payout ratio is 69.33%.

Insider Activity

In other news, CEO Steven M. Klein acquired 11,061 shares of Northfield Bancorp, Inc. (Staten Island, NY) stock in a transaction that occurred on Tuesday, June 11th. The stock was purchased at an average price of $7.56 per share, for a total transaction of $83,621.16. Following the purchase, the chief executive officer now directly owns 467,939 shares in the company, valued at approximately $3,537,618.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Northfield Bancorp, Inc. (Staten Island, NY) news, CEO Steven M. Klein purchased 11,061 shares of Northfield Bancorp, Inc. (Staten Island, NY) stock in a transaction dated Tuesday, June 11th. The shares were acquired at an average cost of $7.56 per share, with a total value of $83,621.16. Following the completion of the transaction, the chief executive officer now owns 467,939 shares in the company, valued at approximately $3,537,618.84. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Annette Catino purchased 15,000 shares of Northfield Bancorp, Inc. (Staten Island, NY) stock in a transaction dated Wednesday, June 12th. The shares were acquired at an average cost of $8.10 per share, for a total transaction of $121,500.00. Following the completion of the transaction, the director now owns 21,000 shares of the company’s stock, valued at approximately $170,100. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 38,061 shares of company stock worth $295,761. Corporate insiders own 6.48% of the company’s stock.

Hedge Funds Weigh In On Northfield Bancorp, Inc. (Staten Island, NY)

Hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC grew its position in Northfield Bancorp, Inc. (Staten Island, NY) by 21,750.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 8,740 shares of the bank’s stock worth $110,000 after purchasing an additional 8,700 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the fourth quarter valued at $249,000. Victory Capital Management Inc. acquired a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the 4th quarter valued at $132,000. Quest Partners LLC purchased a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the 4th quarter worth $227,000. Finally, rhino investment partners Inc acquired a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the 4th quarter worth about $3,519,000. Institutional investors and hedge funds own 65.51% of the company’s stock.

About Northfield Bancorp, Inc. (Staten Island, NY)

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 certificates of deposit, passbook, statement, and money market savings accounts; transaction deposit accounts comprising negotiable orders of withdrawal accounts, and interest and non-interest-bearing checking accounts; and brokered deposits.