Northfield Bancorp, Inc. (Staten Island, NY) to Post Q1 2024 Earnings of $0.15 Per Share, DA Davidson Forecasts (NASDAQ:NFBK)

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBKFree Report) – Equities research analysts at DA Davidson issued their Q1 2024 earnings per share estimates for shares of Northfield Bancorp, Inc. (Staten Island, NY) in a report released on Tuesday, January 30th. DA Davidson analyst M. Navas anticipates that the bank will earn $0.15 per share for the quarter. The consensus estimate for Northfield Bancorp, Inc. (Staten Island, NY)’s current full-year earnings is $0.77 per share.

Separately, TheStreet upgraded Northfield Bancorp, Inc. (Staten Island, NY) from a “c+” rating to a “b-” rating in a research report on Tuesday, December 26th.

Check Out Our Latest Report on NFBK

Northfield Bancorp, Inc. (Staten Island, NY) Trading Down 5.6 %

Shares of NASDAQ:NFBK opened at $12.03 on Wednesday. The firm has a fifty day moving average of $11.85 and a two-hundred day moving average of $10.79. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 1.28. Northfield Bancorp, Inc. has a 12-month low of $8.39 and a 12-month high of $15.01. The firm has a market capitalization of $540.87 million, a P/E ratio of 13.99 and a beta of 0.74.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBKGet Free Report) last issued its quarterly earnings results on Wednesday, January 24th. The bank reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 5.44% and a net margin of 17.07%. The company had revenue of $58.09 million for the quarter, compared to analysts’ expectations of $31.65 million.

Institutional Investors Weigh In On Northfield Bancorp, Inc. (Staten Island, NY)

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 4.4% during the first quarter. Vanguard Group Inc. now owns 5,091,893 shares of the bank’s stock worth $73,119,000 after acquiring an additional 214,541 shares during the period. Invesco Ltd. boosted its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 17.6% in the first quarter. Invesco Ltd. now owns 1,040,007 shares of the bank’s stock valued at $14,934,000 after acquiring an additional 156,014 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 50.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 466,041 shares of the bank’s stock worth $6,693,000 after purchasing an additional 155,484 shares during the period. AQR Capital Management LLC boosted its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 75.6% in the third quarter. AQR Capital Management LLC now owns 355,805 shares of the bank’s stock worth $3,362,000 after acquiring an additional 153,226 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 33.2% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 477,701 shares of the bank’s stock valued at $5,245,000 after purchasing an additional 119,020 shares during the last quarter. Institutional investors own 58.51% of the company’s stock.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Shareholders of record on Wednesday, February 7th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 4.32%. The ex-dividend date is Tuesday, February 6th. Northfield Bancorp, Inc. (Staten Island, NY)’s payout ratio is 60.47%.

About Northfield Bancorp, Inc. (Staten Island, NY)

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Northfield Bancorp, Inc (Staten Island, NY) operates as the bank holding company for Northfield Bank that provides various banking 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; individual retirement accounts; and brokered deposits.

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