Brokerages expect that Northfield Bancorp Inc (NASDAQ:NFBK) will post sales of $30.39 million for the current quarter, Zacks reports. Two analysts have made estimates for Northfield Bancorp’s earnings, with estimates ranging from $30.30 million to $30.47 million. Northfield Bancorp reported sales of $29.97 million in the same quarter last year, which would suggest a positive year over year growth rate of 1.4%. The business is expected to report its next quarterly earnings results on Wednesday, October 24th.
On average, analysts expect that Northfield Bancorp will report full-year sales of $121.14 million for the current year, with estimates ranging from $121.00 million to $121.27 million. For the next fiscal year, analysts expect that the firm will post sales of $126.16 million per share, with estimates ranging from $126.11 million to $126.20 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that that provide coverage for Northfield Bancorp.
Northfield Bancorp (NASDAQ:NFBK) last released its earnings results on Friday, July 27th. The bank reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. Northfield Bancorp had a net margin of 18.48% and a return on equity of 5.75%. The company had revenue of $30.22 million for the quarter, compared to the consensus estimate of $30.37 million.
Northfield Bancorp stock traded down $0.14 during trading hours on Tuesday, reaching $16.20. 44,520 shares of the company’s stock traded hands, compared to its average volume of 59,986. The company has a current ratio of 1.09, a quick ratio of 1.08 and a debt-to-equity ratio of 0.81. Northfield Bancorp has a fifty-two week low of $15.14 and a fifty-two week high of $18.39. The company has a market cap of $802.82 million, a PE ratio of 22.19, a PEG ratio of 2.46 and a beta of 0.38.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 22nd. Shareholders of record on Wednesday, August 8th will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, August 7th. This represents a $0.40 annualized dividend and a yield of 2.47%. Northfield Bancorp’s payout ratio is currently 54.79%.
In other news, EVP Michael J. Widmer sold 1,752 shares of the company’s stock in a transaction on Tuesday, May 29th. The stock was sold at an average price of $16.08, for a total transaction of $28,172.16. Following the sale, the executive vice president now owns 145,881 shares of the company’s stock, valued at $2,345,766.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kenneth J. Doherty sold 19,849 shares of the company’s stock in a transaction on Monday, May 14th. The stock was sold at an average price of $15.95, for a total value of $316,591.55. Following the sale, the executive vice president now directly owns 198,742 shares in the company, valued at approximately $3,169,934.90. The disclosure for this sale can be found here. Insiders have sold a total of 114,269 shares of company stock worth $1,882,022 over the last 90 days. 9.34% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of NFBK. Sei Investments Co. boosted its holdings in shares of Northfield Bancorp by 4,853.1% during the 2nd quarter. Sei Investments Co. now owns 6,439 shares of the bank’s stock worth $107,000 after purchasing an additional 6,309 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Northfield Bancorp by 70.2% during the second quarter. Bank of Montreal Can now owns 7,386 shares of the bank’s stock valued at $122,000 after acquiring an additional 3,046 shares during the period. SG Americas Securities LLC acquired a new position in Northfield Bancorp in the 1st quarter valued at approximately $126,000. RMB Capital Management LLC acquired a new position in Northfield Bancorp in the 1st quarter valued at approximately $156,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in Northfield Bancorp in the 2nd quarter valued at approximately $179,000. 54.82% of the stock is currently owned by institutional investors and hedge funds.
Northfield Bancorp Company Profile
Northfield Bancorp, Inc 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 transaction accounts comprising negotiable orders of withdrawal accounts and non-interest bearing checking accounts; savings accounts, such as money market, passbook, and statement savings; certificates of deposit consisting of individual retirement accounts; and brokered deposits.
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