Northfield Bancorp, Inc. (Staten Island, NY) (NFBK) Stock Price, News & Analysis

Company Overview

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. The company also offers various loans comprising multifamily and other commercial real estate loans, construction and land loans, commercial and industrial loans, one-to-four family residential real estate loans, and home equity loans and lines of credit. In addition, it purchases various investment securities, such as mortgage-backed securities and corporate bonds; and deposits funds in other financial institutions, as well as holds mortgage loans, mortgage-backed securities, and other investments. Further, the company provides automated teller machines; telephone, internet, and mobile banking services; and ACH and wire transfers, cash management, positive pay, and remote deposit capture services. It operates full-service banking offices in Staten Island and Brooklyn, New York; and Hunterdon, Middlesex, Mercer, and Union counties, New Jersey. Northfield Bancorp, Inc. (Staten Island, NY) was founded in 1887 and is headquartered in Woodbridge, New Jersey.

Key Stats

• Today's Range: $13.31 to $13.81
• 50-Day Range: $11.03 to $14.10
• 52-Week Range: $6.98 to $14.28
• Volume: 173,721 shs
• Average Volume: 272,110 shs
• Market Capitalization: $591.22 million
• P/E Ratio: 21.53
• Dividend Yield: 3.77%
• Price Target: $11.13
• Consensus Rating: Hold

Northfield Bancorp, Inc. (Staten Island, NY) Stock Analysis - MarketRank™

Northfield Bancorp, Inc. (Staten Island, NY) scored higher than 77% of companies evaluated by MarketBeat, and ranked 309th out of 922 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Northfield Bancorp, Inc. (Staten Island, NY) has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Northfield Bancorp, Inc. (Staten Island, NY) has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 48.48%

Earnings Growth

Earnings for Northfield Bancorp, Inc. (Staten Island, NY) are expected to grow by 48.48% in the coming year, from $0.66 to $0.98 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Northfield Bancorp, Inc. (Staten Island, NY) is 21.53, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.55.

Price to Earnings Ratio vs. Sector

The P/E ratio of Northfield Bancorp, Inc. (Staten Island, NY) is 21.53, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 44.53.

Price to Book Value per Share Ratio

Northfield Bancorp, Inc. (Staten Island, NY) has a P/B Ratio of 0.84. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.14% of the float of Northfield Bancorp, Inc. (Staten Island, NY) has been sold short.

Short Interest Ratio / Days to Cover

Northfield Bancorp, Inc. (Staten Island, NY) has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Northfield Bancorp, Inc. (Staten Island, NY) has recently decreased by 17.71%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Northfield Bancorp, Inc. (Staten Island, NY) is a leading dividend payer. It pays a dividend yield of 4.00%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Northfield Bancorp, Inc. (Staten Island, NY) does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Northfield Bancorp, Inc. (Staten Island, NY) is 81.25%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Northfield Bancorp, Inc. (Staten Island, NY) will have a dividend payout ratio of 53.06% next year. This indicates that Northfield Bancorp, Inc. (Staten Island, NY) will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.14% of the float of Northfield Bancorp, Inc. (Staten Island, NY) has been sold short.

Short Interest Ratio / Days to Cover

Northfield Bancorp, Inc. (Staten Island, NY) has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Northfield Bancorp, Inc. (Staten Island, NY) has recently decreased by 17.71%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.6 / 5
• News Sentiment: 1.40

News Sentiment

Northfield Bancorp, Inc. (Staten Island, NY) has a news sentiment score of 1.40. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.81 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Northfield Bancorp, Inc. (Staten Island, NY) this week, compared to 1 article on an average week.

MarketBeat Follows

2 people have added Northfield Bancorp, Inc. (Staten Island, NY) to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Northfield Bancorp, Inc. (Staten Island, NY) insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 6.48% of the stock of Northfield Bancorp, Inc. (Staten Island, NY) is held by insiders.

Percentage Held by Institutions

65.51% of the stock of Northfield Bancorp, Inc. (Staten Island, NY) is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NFBK Stock Analysis - Frequently Asked Questions

How have NFBK shares performed this year?

Northfield Bancorp, Inc. (Staten Island, NY)'s stock was trading at $12.58 at the beginning of the year. Since then, NFBK shares have increased by 9.5% and is now trading at $13.78.
View the best growth stocks for 2024 here.

How were Northfield Bancorp, Inc. (Staten Island, NY)'s earnings last quarter?

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) issued its quarterly earnings results on Wednesday, October, 23rd. The bank reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. The bank had revenue of $62.90 million for the quarter, compared to analyst estimates of $32.30 million. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 10.94% and a trailing twelve-month return on equity of 4.05%.

Who are Northfield Bancorp, Inc. (Staten Island, NY)'s major shareholders?

Northfield Bancorp, Inc. (Staten Island, NY)'s top institutional shareholders include State Street Corp (3.36%), Geode Capital Management LLC (2.14%), Hotchkis & Wiley Capital Management LLC (2.02%) and Charles Schwab Investment Management Inc. (0.77%). Insiders that own company stock include Steven M Klein, Frank P Patafio, John P Connors Jr, Timothy C Harrison, William R Jacobs, Gil Chapman, Patrick Louis Ryan, Annette Catino and David Fasanella.
View institutional ownership trends.

How do I buy shares of Northfield Bancorp, Inc. (Staten Island, NY)?

Shares of NFBK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Northfield Bancorp, Inc. (Staten Island, NY) own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Northfield Bancorp, Inc. (Staten Island, NY) investors own include American Water Works (AWK), The RMR Group (RMR), Waste Connections (WCN), DiamondRock Hospitality (DRH), AUO (AUOTY), iShares Micro-Cap ETF (IWC) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Last Earnings: 10/23/2024
• Ex-Dividend for 11/20 Dividend: 11/06/2024
• Dividend Payable: 11/20/2024
• Today: 11/22/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/22/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Federal savings institutions
• Sub-Industry: Thrifts & Mortgage Finance
• Current Symbol: NASDAQ:NFBK
• CUSIP: 66611T10
• CIK: 1493225
• Web: www.enorthfield.com
• Phone: (732) 499-7200
• Fax: N/A
• Employees: 397
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $11.13
• High Stock Price Target: $11.25
• Low Stock Price Target: $11.00
• Potential Upside/Downside: -19.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.64
• Trailing P/E Ratio: 21.53
• Forward P/E Ratio: 20.88
• P/E Growth: N/A
• Net Income: $37.67 million
• Net Margins: 10.94%
• Pretax Margin: 15.39%
• Return on Equity: 4.05%
• Return on Assets: 0.49%

Debt

• Debt-to-Equity Ratio: 1.50
• Current Ratio: 1.09
• Quick Ratio: 1.09

Sales & Book Value

• Annual Sales: $127.16 million
• Price / Sales: 4.65
• Cash Flow: $1.14 per share
• Price / Cash Flow: 12.09
• Book Value: $16.31 per share
• Price / Book: 0.84

Miscellaneous

• Outstanding Shares: 42,904,000
• Free Float: 40,124,000
• Market Cap: $591.22 million
• Optionable: Optionable
• Beta: 0.74