Wall Street brokerages predict that Northfield Bancorp Inc (NASDAQ:NFBK) will announce $29.96 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Northfield Bancorp’s earnings, with the lowest sales estimate coming in at $29.92 million and the highest estimate coming in at $30.00 million. Northfield Bancorp posted sales of $30.22 million during the same quarter last year, which suggests a negative year over year growth rate of 0.9%. The business is expected to announce its next earnings results on Wednesday, July 24th.
According to Zacks, analysts expect that Northfield Bancorp will report full-year sales of $122.58 million for the current fiscal year, with estimates ranging from $121.50 million to $123.66 million. For the next fiscal year, analysts anticipate that the business will report sales of $127.47 million, with estimates ranging from $124.60 million to $130.35 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Northfield Bancorp.
Northfield Bancorp (NASDAQ:NFBK) last issued its quarterly earnings data on Wednesday, April 24th. The bank reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. Northfield Bancorp had a net margin of 23.84% and a return on equity of 5.30%. The firm had revenue of $30.64 million for the quarter, compared to the consensus estimate of $30.24 million.
In related news, EVP Kenneth J. Doherty sold 10,000 shares of Northfield Bancorp stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $14.56, for a total value of $145,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robin Lefkowitz sold 5,000 shares of Northfield Bancorp stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $14.60, for a total transaction of $73,000.00. Following the sale, the executive vice president now owns 24,740 shares of the company’s stock, valued at $361,204. The disclosure for this sale can be found here. 8.60% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Thrivent Financial for Lutherans increased its position in 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 in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Northfield Bancorp by 1.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 670,067 shares of the bank’s stock worth $10,668,000 after buying an additional 9,694 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Northfield Bancorp by 9.5% during the 3rd quarter. Legal & General Group Plc now owns 100,689 shares of the bank’s stock worth $1,594,000 after buying an additional 8,737 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Northfield Bancorp by 18.9% during the 4th quarter. Rhumbline Advisers now owns 151,646 shares of the bank’s stock worth $2,055,000 after buying an additional 24,133 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Northfield Bancorp by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 4,538,643 shares of the bank’s stock worth $72,254,000 after buying an additional 139,919 shares in the last quarter. Hedge funds and other institutional investors own 56.55% of the company’s stock.
Shares of Northfield Bancorp stock traded down $0.02 on Friday, reaching $15.12. The stock had a trading volume of 2,825 shares, compared to its average volume of 79,234. The company has a market cap of $740.69 million, a P/E ratio of 19.89, a PEG ratio of 2.48 and a beta of 0.60. The company has a quick ratio of 1.00, a current ratio of 0.98 and a debt-to-equity ratio of 0.67. Northfield Bancorp has a 1 year low of $12.76 and a 1 year high of $17.33.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This is a boost from Northfield Bancorp’s previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a yield of 2.91%. Northfield Bancorp’s dividend payout ratio (DPR) is 57.89%.
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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