What is DA Davidson’s Forecast for NFBK FY2025 Earnings?

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) – Stock analysts at DA Davidson reduced their FY2025 earnings estimates for Northfield Bancorp, Inc. (Staten Island, NY) in a research report issued on Thursday, December 19th. DA Davidson analyst M. Navas now forecasts that the bank will post earnings of $1.05 per share for the year, down from their prior estimate of $1.10. The consensus estimate for Northfield Bancorp, Inc. (Staten Island, NY)’s current full-year earnings is $0.66 per share.

Several other equities research analysts have also recently commented on the company. Keefe, Bruyette & Woods boosted their price target on Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $14.25 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. StockNews.com raised shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th.

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

NFBK opened at $12.00 on Friday. The stock has a fifty day moving average price of $12.77 and a 200 day moving average price of $11.50. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.50. Northfield Bancorp, Inc. has a 1 year low of $6.98 and a 1 year high of $14.39. The stock has a market cap of $514.85 million, a price-to-earnings ratio of 18.75 and a beta of 0.78.

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

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

Institutional investors have recently modified their holdings of the company. nVerses Capital LLC grew its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 105.9% in the 2nd quarter. nVerses Capital LLC now owns 3,500 shares of the bank’s stock valued at $33,000 after buying an additional 1,800 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 11.6% in the 2nd quarter. American Century Companies Inc. now owns 602,688 shares of the bank’s stock valued at $5,713,000 after buying an additional 62,473 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 3.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,437,149 shares of the bank’s stock worth $13,624,000 after acquiring an additional 41,500 shares during the period. Sei Investments Co. boosted its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 19.6% during the 2nd quarter. Sei Investments Co. now owns 39,066 shares of the bank’s stock valued at $370,000 after acquiring an additional 6,393 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 101.8% in the second quarter. Thrivent Financial for Lutherans now owns 72,843 shares of the bank’s stock valued at $691,000 after acquiring an additional 36,741 shares during the period. Institutional investors own 65.51% of the company’s stock.

Insider Activity

In other Northfield Bancorp, Inc. (Staten Island, NY) news, Director Annette Catino sold 22,000 shares of the company’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 completion of the sale, the director now owns 225,653 shares of the company’s stock, valued at $2,960,567.36. This represents a 8.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.48% of the stock is currently owned by insiders.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were paid a dividend of $0.13 per share. The ex-dividend date was Wednesday, November 6th. This represents a $0.52 annualized dividend and a dividend yield of 4.33%. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio (DPR) is presently 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.