Analysts Expect Northfield Bancorp, Inc. (NFBK) to Announce $0.17 Earnings Per Share
Shares of Northfield Bancorp, Inc. (NASDAQ:NFBK) have earned an average broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold rating.
Brokerages have set a one year consensus target price of $17.00 for the company and are forecasting that the company will post $0.17 EPS for the current quarter, according to Zacks. Zacks has also given Northfield Bancorp an industry rank of 15 out of 265 based on the ratings given to its competitors.
Several research analysts recently commented on NFBK shares. Piper Jaffray Companies reiterated a “hold” rating on shares of Northfield Bancorp in a research note on Friday, November 10th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $20.00 price objective on shares of Northfield Bancorp in a research note on Friday, December 22nd. Finally, BidaskClub lowered shares of Northfield Bancorp from a “hold” rating to a “sell” rating in a research note on Friday.
Northfield Bancorp (NASDAQ:NFBK) last posted its quarterly earnings data on Wednesday, October 25th. The bank reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. The firm had revenue of $29.97 million during the quarter, compared to analyst estimates of $29.66 million. Northfield Bancorp had a net margin of 24.39% and a return on equity of 4.97%. analysts anticipate that Northfield Bancorp will post 0.73 EPS for the current year.
In related news, EVP Robin Lefkowitz sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $17.00, for a total transaction of $34,000.00. Following the completion of the transaction, the executive vice president now owns 30,433 shares in the company, valued at approximately $517,361. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 9.34% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Moors & Cabot Inc. acquired a new position in Northfield Bancorp during the 2nd quarter valued at approximately $172,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Northfield Bancorp in the third quarter worth $175,000. GSA Capital Partners LLP acquired a new stake in shares of Northfield Bancorp in the second quarter worth $181,000. SG Americas Securities LLC acquired a new stake in shares of Northfield Bancorp in the third quarter worth $199,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Northfield Bancorp in the third quarter worth $243,000. Institutional investors and hedge funds own 53.07% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Analysts Expect Northfield Bancorp, Inc. (NFBK) to Announce $0.17 Earnings Per Share” was originally reported by Marea Informative and is the property of of Marea Informative. If you are accessing this piece on another website, it was illegally copied and republished in violation of international copyright & trademark laws. The original version of this piece can be accessed at https://www.mareainformativa.com/2018/01/30/analysts-expect-northfield-bancorp-inc-nfbk-to-announce-0-17-earnings-per-share-updated-updated-updated.html.
Northfield Bancorp Company Profile
Northfield Bancorp, Inc is a holding company for Northfield Bank (the Bank). Northfield Bank’s principal business consists of originating commercial real estate loans and multifamily real estate loans, purchasing investment securities including mortgage-backed securities and corporate bonds, as well as depositing funds in other financial institutions.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Northfield Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northfield Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.