Equities analysts expect that Northfield Bancorp Inc (NASDAQ:NFBK) will announce sales of $30.24 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Northfield Bancorp’s earnings, with the highest sales estimate coming in at $30.30 million and the lowest estimate coming in at $30.18 million. Northfield Bancorp posted sales of $29.95 million in the same quarter last year, which would indicate a positive year over year growth rate of 1%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, April 24th.
On average, analysts expect that Northfield Bancorp will report full year sales of $123.07 million for the current financial year, with estimates ranging from $122.70 million to $123.44 million. For the next fiscal year, analysts expect that the firm will report sales of $129.07 million, with estimates ranging from $128.30 million to $129.83 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Northfield Bancorp.
Northfield Bancorp (NASDAQ:NFBK) last announced its quarterly earnings data on Wednesday, January 30th. The bank reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.06). Northfield Bancorp had a net margin of 25.79% and a return on equity of 5.49%. The firm had revenue of $28.64 million during the quarter, compared to the consensus estimate of $30.64 million.
NFBK has been the subject of a number of recent analyst reports. BidaskClub raised Northfield Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, February 20th. Zacks Investment Research downgraded Northfield Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, February 6th. Two investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The stock has an average rating of “Hold” and an average price target of $18.00.
Northfield Bancorp stock traded down $0.12 during midday trading on Thursday, reaching $14.36. The stock had a trading volume of 72,858 shares, compared to its average volume of 77,771. Northfield Bancorp has a 12 month low of $12.76 and a 12 month high of $17.33. The stock has a market capitalization of $714.75 million, a P/E ratio of 18.89, a P/E/G ratio of 2.33 and a beta of 0.57. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.00 and a current ratio of 1.00.
In related news, EVP Kenneth J. Doherty sold 10,000 shares of Northfield Bancorp stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $14.56, for a total value of $145,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gil Chapman sold 8,000 shares of Northfield Bancorp stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $14.58, for a total value of $116,640.00. Following the completion of the sale, the director now owns 57,397 shares of the company’s stock, valued at $836,848.26. The disclosure for this sale can be found here. Insiders sold a total of 23,000 shares of company stock valued at $335,240 over the last quarter. 9.20% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NFBK. Thrivent Financial for Lutherans lifted its stake in shares of Northfield Bancorp by 2.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 33,459 shares of the bank’s stock worth $453,000 after purchasing an additional 735 shares during the last quarter. Texas Permanent School Fund lifted its position in shares of Northfield Bancorp by 4.1% in the fourth quarter. Texas Permanent School Fund now owns 30,799 shares of the bank’s stock valued at $417,000 after acquiring an additional 1,215 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of Northfield Bancorp by 1.1% in the fourth quarter. California Public Employees Retirement System now owns 149,892 shares of the bank’s stock valued at $2,031,000 after acquiring an additional 1,571 shares in the last quarter. FMR LLC lifted its position in shares of Northfield Bancorp by 561.8% in the fourth quarter. FMR LLC now owns 2,356 shares of the bank’s stock valued at $32,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in shares of Northfield Bancorp by 6.3% in the fourth quarter. Arizona State Retirement System now owns 72,481 shares of the bank’s stock valued at $982,000 after acquiring an additional 4,275 shares in the last quarter. Institutional investors own 57.02% of the company’s stock.
About Northfield Bancorp
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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