Wall Street analysts expect Northfield Bancorp Inc (NASDAQ:NFBK) to announce $30.96 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Northfield Bancorp’s earnings. The lowest sales estimate is $30.70 million and the highest is $31.22 million. Northfield Bancorp reported sales of $30.56 million in the same quarter last year, which would suggest a positive year over year growth rate of 1.3%. The business is scheduled to issue its next earnings results on Wednesday, October 23rd.
According to Zacks, analysts expect that Northfield Bancorp will report full year sales of $122.93 million for the current financial year, with estimates ranging from $122.20 million to $123.66 million. For the next year, analysts expect that the company will post sales of $129.37 million, with estimates ranging from $128.40 million to $130.35 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Northfield Bancorp.
Northfield Bancorp (NASDAQ:NFBK) last released its earnings results on Wednesday, July 24th. The bank reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.02). The company had revenue of $29.73 million for the quarter, compared to analysts’ expectations of $29.96 million. Northfield Bancorp had a net margin of 21.75% and a return on equity of 4.88%.
NASDAQ NFBK traded up $0.31 on Friday, hitting $15.52. 105,200 shares of the company traded hands, compared to its average volume of 92,229. The company has a market capitalization of $764.36 million, a price-to-earnings ratio of 20.42, a P/E/G ratio of 2.46 and a beta of 0.55. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.98. The business’s 50 day moving average price is $15.64 and its 200-day moving average price is $14.97. Northfield Bancorp has a 52-week low of $12.76 and a 52-week high of $16.73.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, August 6th. This represents a $0.44 dividend on an annualized basis and a yield of 2.84%. Northfield Bancorp’s dividend payout ratio is presently 57.89%.
In other Northfield Bancorp news, EVP Michael J. Widmer sold 20,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $16.03, for a total transaction of $320,600.00. Following the sale, the executive vice president now directly owns 78,533 shares of the company’s stock, valued at $1,258,883.99. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP William R. Jacobs sold 6,800 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $15.97, for a total value of $108,596.00. Following the sale, the executive vice president now directly owns 88,515 shares in the company, valued at $1,413,584.55. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,355 shares of company stock worth $1,046,030. Insiders own 8.60% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its holdings in Northfield Bancorp by 33.1% during the second quarter. Royal Bank of Canada now owns 2,662 shares of the bank’s stock worth $41,000 after buying an additional 662 shares during the period. Susquehanna International Group LLP acquired a new position in shares of Northfield Bancorp during the second quarter worth $251,000. Nuveen Asset Management LLC acquired a new position in shares of Northfield Bancorp during the second quarter worth $3,951,000. UBS Asset Management Americas Inc. increased its position in shares of Northfield Bancorp by 3.5% during the second quarter. UBS Asset Management Americas Inc. now owns 40,216 shares of the bank’s stock worth $628,000 after purchasing an additional 1,354 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of Northfield Bancorp by 90.2% during the second quarter. Morgan Stanley now owns 216,644 shares of the bank’s stock worth $3,382,000 after purchasing an additional 102,721 shares in the last quarter. 57.41% of the stock is currently owned by institutional investors and hedge funds.
Northfield Bancorp 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 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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