Northfield Bancorp (NFBK) Set to Announce Quarterly Earnings on Tuesday

Northfield Bancorp (NASDAQ:NFBK) is scheduled to be announcing its earnings results after the market closes on Tuesday, April 24th. Analysts expect the company to announce earnings of $0.20 per share for the quarter.

Northfield Bancorp (NASDAQ:NFBK) last announced its quarterly earnings results on Wednesday, January 24th. The bank reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The firm had revenue of $30.40 million for the quarter, compared to the consensus estimate of $30.67 million. Northfield Bancorp had a net margin of 17.14% and a return on equity of 5.03%. During the same quarter last year, the firm posted $0.18 EPS. On average, analysts expect Northfield Bancorp to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

How to Become a New Pot Stock Millionaire

Shares of NASDAQ NFBK opened at $15.84 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.73. The stock has a market cap of $772.28, a PE ratio of 21.70, a P/E/G ratio of 2.44 and a beta of 0.36. Northfield Bancorp has a 52-week low of $15.14 and a 52-week high of $19.08.



In related news, EVP Michael J. Widmer sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $15.56, for a total value of $155,600.00. Following the transaction, the executive vice president now owns 147,633 shares of the company’s stock, valued at $2,297,169.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Steven M. Klein sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $17.06, for a total transaction of $127,950.00. Following the completion of the transaction, the chief executive officer now directly owns 336,400 shares in the company, valued at approximately $5,738,984. The disclosure for this sale can be found here. In the last three months, insiders sold 151,763 shares of company stock worth $2,425,744. 9.34% of the stock is currently owned by insiders.

A number of equities analysts recently issued reports on NFBK shares. TheStreet downgraded shares of Northfield Bancorp from a “b” rating to a “c+” rating in a report on Monday, April 9th. BidaskClub downgraded shares of Northfield Bancorp from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Zacks Investment Research downgraded shares of Northfield Bancorp from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Finally, ValuEngine downgraded shares of Northfield Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Northfield Bancorp has an average rating of “Hold” and a consensus target price of $17.80.

COPYRIGHT VIOLATION WARNING: This piece of content was posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of international copyright laws. The legal version of this piece of content can be accessed at https://stocknewstimes.com/2018/04/22/northfield-bancorp-nfbk-set-to-announce-quarterly-earnings-on-tuesday.html.

Northfield Bancorp Company Profile

Northfield Bancorp, Inc 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.

Earnings History for Northfield Bancorp (NASDAQ:NFBK)

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.

Leave a Reply