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

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

Northfield Bancorp, Inc. (Staten Island, NY) Price Performance

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

Analyst Ratings Changes

NFBK has been the subject of a number of analyst reports. Keefe, Bruyette & Woods decreased their price objective on shares of 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. TheStreet cut shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “b-” rating to a “c+” rating in a research note on Friday, March 1st.

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

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.