Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Releases Earnings Results, Misses Estimates By $0.01 EPS

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) posted its earnings results on Wednesday. The bank reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01), Yahoo Finance reports. The firm had revenue of $62.03 million for the quarter, compared to the consensus estimate of $30.93 million. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 17.07% and a return on equity of 5.44%.

Northfield Bancorp, Inc. (Staten Island, NY) Trading Down 8.8 %

NFBK traded down $0.79 during trading on Thursday, reaching $8.19. The company had a trading volume of 56,800 shares, compared to its average volume of 207,129. The stock has a market cap of $364.13 million, a P/E ratio of 9.59 and a beta of 0.68. The business has a 50 day simple moving average of $9.52 and a 200-day simple moving average of $10.36. Northfield Bancorp, Inc. has a 52 week low of $7.99 and a 52 week high of $13.48. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.28.

Wall Street Analyst Weigh In

NFBK has been the subject of a number of research reports. TheStreet downgraded Northfield Bancorp, Inc. (Staten Island, NY) from a “b-” rating to a “c+” rating in a research report on Friday, March 1st. Keefe, Bruyette & Woods lowered their target price on Northfield Bancorp, Inc. (Staten Island, NY) from $12.00 to $11.00 and set a “market perform” rating for the company in a research report on Friday, April 5th.

Northfield Bancorp, Inc. (Staten Island, NY) Company Profile

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.