What is DA Davidson's Estimate for NFBK FY2025 Earnings?

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Free Report) - DA Davidson reduced their FY2025 earnings per share (EPS) estimates for Northfield Bancorp, Inc. (Staten Island, NY) in a note issued to investors on Thursday, December 19th. DA Davidson analyst M. Navas now forecasts that the bank will post earnings per share of $1.05 for the year, down from their prior forecast of $1.10. The consensus estimate for Northfield Bancorp, Inc. (Staten Island, NY)'s current full-year earnings is $0.66 per share.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.16 EPS for the quarter, hitting analysts' consensus estimates of $0.16. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.05% and a net margin of 10.94%. The company had revenue of $62.90 million for the quarter, compared to analysts' expectations of $32.30 million.

NFBK has been the subject of several other research reports. StockNews.com raised shares of Northfield Bancorp, Inc. (Staten Island, NY) from a "sell" rating to a "hold" rating in a report on Thursday, December 5th. Keefe, Bruyette & Woods boosted their target price on Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $14.25 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th.

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

Shares of NFBK stock traded up $0.07 during mid-day trading on Friday, hitting $12.00. The company had a trading volume of 1,143,353 shares, compared to its average volume of 268,144. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.09 and a quick ratio of 1.09. The stock's 50 day moving average price is $12.77 and its 200-day moving average price is $11.48. Northfield Bancorp, Inc. has a 52-week low of $6.98 and a 52-week high of $14.39. The company has a market capitalization of $514.85 million, a P/E ratio of 18.75 and a beta of 0.78.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were issued a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.33%. Northfield Bancorp, Inc. (Staten Island, NY)'s dividend payout ratio (DPR) is presently 81.25%.

Insider Activity

In other news, Director Annette Catino sold 22,000 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $13.12, for a total transaction of $288,640.00. Following the transaction, the director now owns 225,653 shares of the company's stock, valued at approximately $2,960,567.36. The trade was a 8.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.48% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Signaturefd LLC lifted its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 227.2% in the 3rd quarter. Signaturefd LLC now owns 2,143 shares of the bank's stock worth $25,000 after acquiring an additional 1,488 shares during the last quarter. nVerses Capital LLC lifted its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 105.9% in the second quarter. nVerses Capital LLC now owns 3,500 shares of the bank's stock worth $33,000 after purchasing an additional 1,800 shares during the last quarter. Point72 Asset Management L.P. boosted its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 57.9% during the third quarter. Point72 Asset Management L.P. now owns 5,054 shares of the bank's stock valued at $59,000 after buying an additional 1,854 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 13.8% during the second quarter. The Manufacturers Life Insurance Company now owns 16,752 shares of the bank's stock valued at $159,000 after buying an additional 2,030 shares during the period. Finally, Quarry LP bought a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the third quarter valued at approximately $28,000. 65.51% of the stock is owned by hedge funds and other institutional investors.

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.