Q4 Earnings Estimate for NFBK Issued By DA Davidson

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Free Report) - Research analysts at DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for Northfield Bancorp, Inc. (Staten Island, NY) in a report released on Friday, November 8th. DA Davidson analyst M. Navas forecasts that the bank will earn $0.18 per share for the quarter. The consensus estimate for Northfield Bancorp, Inc. (Staten Island, NY)'s current full-year earnings is $0.67 per share.

Separately, Keefe, Bruyette & Woods upped their price objective on Northfield Bancorp, Inc. (Staten Island, NY) from $9.50 to $11.25 and gave the company a "market perform" rating in a research note on Tuesday, July 30th.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Performance

NASDAQ:NFBK traded up $0.56 on Monday, hitting $14.10. The company's stock had a trading volume of 146,631 shares, compared to its average volume of 277,583. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.50. The stock has a fifty day moving average of $11.81 and a two-hundred day moving average of $10.64. The firm has a market capitalization of $608.98 million, a P/E ratio of 21.16 and a beta of 0.74. Northfield Bancorp, Inc. has a one year low of $6.98 and a one year high of $14.20.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. The firm 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 return on equity of 4.05% and a net margin of 10.94%.

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

Several institutional investors and hedge funds have recently made changes to their positions in NFBK. Millennium Management LLC raised its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 877.7% in the 2nd quarter. Millennium Management LLC now owns 1,074,151 shares of the bank's stock worth $10,183,000 after purchasing an additional 964,286 shares in the last quarter. AQR Capital Management LLC raised its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 69.7% in the 2nd quarter. AQR Capital Management LLC now owns 924,716 shares of the bank's stock worth $8,766,000 after purchasing an additional 379,695 shares in the last quarter. Marshall Wace LLP acquired a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the 2nd quarter worth about $2,180,000. GSA Capital Partners LLP raised its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 367.8% in the 3rd quarter. GSA Capital Partners LLP now owns 197,895 shares of the bank's stock worth $2,296,000 after purchasing an additional 155,592 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 753.6% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 134,317 shares of the bank's stock worth $1,273,000 after purchasing an additional 118,581 shares in the last quarter. Institutional investors and hedge funds own 65.51% of the company's stock.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Wednesday, November 6th. Northfield Bancorp, Inc. (Staten Island, NY)'s payout ratio is 81.25%.

Northfield Bancorp, Inc. (Staten Island, NY) Company Profile

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.