What is DA Davidson’s Estimate for NFBK FY2025 Earnings?

Northfield Bancorp, Inc. (NASDAQ:NFBK) – Research analysts at DA Davidson decreased their FY2025 earnings per share estimates for Northfield Bancorp in a research report issued on Tuesday, July 1st. DA Davidson analyst M. Navas now anticipates that the bank will earn $0.88 per share for the year, down from their prior estimate of $0.90. The consensus estimate for Northfield Bancorp’s current full-year earnings is $0.82 per share. DA Davidson also issued estimates for Northfield Bancorp’s FY2026 earnings at $1.25 EPS.

NFBK has been the topic of several other research reports. Keefe, Bruyette & Woods dropped their target price on Northfield Bancorp from $12.50 to $12.00 and set a “market perform” rating on the stock in a report on Tuesday, April 29th. Piper Sandler raised Northfield Bancorp from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $13.00 to $14.00 in a report on Friday, May 2nd.

Northfield Bancorp Stock Performance

NASDAQ:NFBK opened at $12.23 on Thursday. The firm has a market capitalization of $521.15 million, a PE ratio of 16.09 and a beta of 0.78. The business’s fifty day moving average price is $11.62 and its 200 day moving average price is $11.34. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.98 and a quick ratio of 0.98. Northfield Bancorp has a 12 month low of $8.92 and a 12 month high of $14.39.

Northfield Bancorp (NASDAQ:NFBK) last posted its earnings results on Wednesday, April 23rd. The bank reported $0.19 EPS for the quarter, beating the consensus estimate of $0.18 by $0.01. The firm had revenue of $34.81 million for the quarter, compared to analyst estimates of $29.82 million. Northfield Bancorp had a return on equity of 4.34% and a net margin of 12.35%.

Institutional Investors Weigh In On Northfield Bancorp

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Northfield Bancorp by 3.7% in the first quarter. Vanguard Group Inc. now owns 2,356,797 shares of the bank’s stock valued at $25,713,000 after buying an additional 84,883 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in Northfield Bancorp by 1.4% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 897,611 shares of the bank’s stock valued at $9,793,000 after buying an additional 12,390 shares in the last quarter. American Century Companies Inc. increased its holdings in Northfield Bancorp by 0.8% in the first quarter. American Century Companies Inc. now owns 676,028 shares of the bank’s stock valued at $7,375,000 after buying an additional 5,410 shares in the last quarter. Northern Trust Corp increased its holdings in Northfield Bancorp by 5.1% in the fourth quarter. Northern Trust Corp now owns 405,224 shares of the bank’s stock valued at $4,709,000 after buying an additional 19,659 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Northfield Bancorp by 28.1% in the fourth quarter. JPMorgan Chase & Co. now owns 358,962 shares of the bank’s stock valued at $4,171,000 after buying an additional 78,843 shares in the last quarter. Institutional investors and hedge funds own 65.51% of the company’s stock.

Insider Buying and Selling at Northfield Bancorp

In other news, Director Frank P. Patafio sold 5,000 shares of the stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $10.13, for a total transaction of $50,650.00. Following the completion of the sale, the director owned 147,938 shares in the company, valued at approximately $1,498,611.94. This represents a 3.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.95% of the company’s stock.

Northfield Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th were paid a dividend of $0.13 per share. The ex-dividend date was Wednesday, May 7th. This represents a $0.52 annualized dividend and a dividend yield of 4.25%. Northfield Bancorp’s dividend payout ratio (DPR) is 68.42%.

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 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; and brokered deposits.