DA Davidson Weighs in on Northfield Bancorp, Inc. (Staten Island, NY)’s Q2 2023 Earnings (NASDAQ:NFBK)

Posted by Defense World Staff on May 5th, 2023

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK – Get Rating) – DA Davidson issued their Q2 2023 earnings estimates for shares of Northfield Bancorp, Inc. (Staten Island, NY) in a report issued on Tuesday, May 2nd. DA Davidson analyst M. Navas expects that the bank will post earnings per share of $0.23 for the quarter. The consensus estimate for Northfield Bancorp, Inc. (Staten Island, NY)’s current full-year earnings is $1.11 per share. DA Davidson also issued estimates for Northfield Bancorp, Inc. (Staten Island, NY)’s FY2024 earnings at $0.93 EPS.

Several other research analysts have also recently commented on the stock. TheStreet cut shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “b-” rating to a “c+” rating in a report on Monday. StockNews.com lowered shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “hold” rating to a “sell” rating in a research report on Monday, March 27th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $15.00 to $12.50 and set a “market perform” rating on the stock in a research report on Thursday, April 6th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat, Northfield Bancorp, Inc. (Staten Island, NY) has an average rating of “Hold” and a consensus price target of $14.75.

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

Shares of NFBK opened at $9.49 on Thursday. The firm’s 50 day moving average is $12.09 and its 200-day moving average is $14.24. The stock has a market capitalization of $441.57 million, a P/E ratio of 7.41 and a beta of 0.61. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.12 and a quick ratio of 1.01. Northfield Bancorp, Inc. has a 12-month low of $9.13 and a 12-month high of $16.13.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 24th. Shareholders of record on Wednesday, May 10th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 5.48%. The ex-dividend date is Tuesday, May 9th. Northfield Bancorp, Inc. (Staten Island, NY)’s payout ratio is 40.63%.

Insider Transactions at Northfield Bancorp, Inc. (Staten Island, NY)

In related news, Director Frank P. Patafio sold 3,400 shares of the stock in a transaction on Monday, February 13th. The stock was sold at an average price of $14.60, for a total value of $49,640.00. Following the completion of the sale, the director now directly owns 201,524 shares of the company’s stock, valued at approximately $2,942,250.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 6.10% of the company’s stock.

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

Hedge funds have recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the third quarter worth $1,122,000. AE Wealth Management LLC acquired a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the third quarter worth about $1,050,000. Martingale Asset Management L P boosted its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 147.4% in the third quarter. Martingale Asset Management L P now owns 42,304 shares of the bank’s stock worth $606,000 after acquiring an additional 25,204 shares in the last quarter. Hightower 6M Holding LLC purchased a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the third quarter worth about $186,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 1.5% in the third quarter. Dimensional Fund Advisors LP now owns 3,766,950 shares of the bank’s stock worth $53,905,000 after purchasing an additional 54,751 shares during the last quarter. Institutional investors own 57.47% of the company’s stock.

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

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Northfield Bancorp, Inc is a holding company which engages in the provision of banking and financial services. Through its subsidiary, Northfield Bank, its business consists of originating multifamily and other commercial real estate loans, purchasing investment securities, including mortgage-backed securities and corporate bonds, and, to a lesser extent, depositing funds in other financial institutions.