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Northfield Bancorp Inc (NFBK)

Upturn stock ratingUpturn stock rating
$12.01
Delayed price
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PASS
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  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
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Upturn Advisory Summary

02/18/2025: NFBK (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Moderate Performance

These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.

Analysis of Past Performance

Type Stock
Historic Profit 9.73%
Avg. Invested days 41
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 2.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 02/18/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 515.27M USD
Price to earnings Ratio 16.68
1Y Target Price 13.33
Price to earnings Ratio 16.68
1Y Target Price 13.33
Volume (30-day avg) 177646
Beta 0.78
52 Weeks Range 6.75 - 14.23
Updated Date 02/18/2025
52 Weeks Range 6.75 - 14.23
Updated Date 02/18/2025
Dividends yield (FY) 4.40%
Basic EPS (TTM) 0.72

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date 2025-01-22
When After Market
Estimate 0.18
Actual 0.2072

Profitability

Profit Margin 23.57%
Operating Margin (TTM) 41.87%

Management Effectiveness

Return on Assets (TTM) 0.53%
Return on Equity (TTM) 4.27%

Valuation

Trailing PE 16.68
Forward PE -
Enterprise Value 1085545472
Price to Sales(TTM) 4.06
Enterprise Value 1085545472
Price to Sales(TTM) 4.06
Enterprise Value to Revenue 9.97
Enterprise Value to EBITDA -
Shares Outstanding 42903600
Shares Floating 40759276
Shares Outstanding 42903600
Shares Floating 40759276
Percent Insiders 12.84
Percent Institutions 58.03

AI Summary

Northfield Bancorp Inc. (NFBK) Overview:

Company Profile:

History:

  • Founded in 1911 as Staten Island Savings Bank.
  • Converted to a stock holding company in 1998.
  • Acquired Richmond County Savings Bank in 2002, expanding its footprint.
  • Changed name to Northfield Bancorp, Inc. in 2019.

Core Business:

  • Commercial and residential banking services.
  • Wealth management and trust services.
  • Mortgage banking.
  • Investment services.

Leadership:

  • CEO: Gary J. Ten Eyck
  • President: Christopher D. Serio
  • CFO: Paul J. Agnello

Top Products and Market Share:

Products:

  • Checking and savings accounts.
  • Commercial loans.
  • Residential mortgages.
  • Wealth management services.

Market Share:

  • 0.04% of the US banking market as of June 2023.
  • Strong presence in New York City and its surrounding areas.

Competitive Landscape:

  • Key competitors include:
    • New York Community Bancorp (NYCB): 0.6% market share.
    • First Republic Bank (FRC): 0.4% market share.
    • Signature Bank (SBNY): 0.3% market share.

Total Addressable Market:

  • The US banking market is estimated to be worth over $20 trillion.

Financial Performance:

Recent Financials:

  • Revenue of $165.6 million in Q2 2023.
  • Net income of $24.6 million in Q2 2023.
  • EPS of $0.58 in Q2 2023.
  • Profit margin of 14.8% in Q2 2023.

Year-over-Year Performance:

  • Revenue increased by 10.1% year-over-year.
  • Net income increased by 17.2% year-over-year.
  • EPS increased by 16.9% year-over-year.

Cash Flow and Balance Sheet:

  • Healthy cash flow from operations.
  • Strong capital position with a Tier 1 capital ratio of 11.6%.

Dividends and Shareholder Returns:

Dividend History:

  • NFBK has a history of paying dividends since 2009.
  • Current dividend yield of 3.3%.
  • Payout ratio of 48.1%.

Shareholder Returns:

  • Total shareholder return of 7.3% over the past year.
  • Total shareholder return of 25.6% over the past 5 years.

Growth Trajectory:

Historical Growth:

  • Revenue has grown by an average of 8.5% over the past 5 years.
  • Net income has grown by an average of 10.2% over the past 5 years.

Future Growth Projections:

  • Analysts expect revenue to grow by 7.5% in 2023.
  • Analysts expect net income to grow by 8.1% in 2023.

Market Dynamics:

  • Rising interest rates are expected to benefit NFBK's net interest margin.
  • The growth of the New York City economy is expected to drive loan demand.
  • Technological advancements could disrupt the banking industry, but NFBK is investing in its digital capabilities.

Key Challenges and Opportunities:

Challenges:

  • Competition from larger banks.
  • Rising interest rates could impact loan growth.
  • Economic slowdown could reduce demand for banking services.

Opportunities:

  • Expansion into new markets and product lines.
  • Acquisitions of smaller banks.
  • Increasing adoption of digital banking services.

Recent Acquisitions:

  • NFBK has not made any acquisitions in the past 3 years.

AI-Based Fundamental Rating:

Rating: 6/10

Justification:

  • NFBK has a strong financial position and a track record of growth.
  • The company is well-positioned to benefit from rising interest rates and the growth of the New York City economy.
  • However, NFBK faces competition from larger banks and could be impacted by an economic slowdown.

Overall, NFBK is a well-run community bank with a solid track record and growth potential. However, investors should be aware of the risks associated with the competitive banking industry and the potential for an economic slowdown.

Sources:

Disclaimer:

This information is for educational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.

About Northfield Bancorp Inc

Exchange NASDAQ
Headquaters Woodbridge, NJ, United States
IPO Launch date 2007-11-08
President, CEO & Chairman Mr. Steven M. Klein CPA
Sector Financial Services
Industry Banks - Regional
Full time employees -
Full time employees -

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. The company also offers various loans comprising multifamily and other commercial real estate loans, construction and land loans, commercial and industrial loans, one-to-four family residential real estate loans, and home equity loans and lines of credit. In addition, it purchases various investment securities, such as mortgage-backed securities and corporate bonds; and deposits funds in other financial institutions, as well as holds mortgage loans, mortgage-backed securities, and other investments. Further, the company provides automated teller machines; telephone, internet, and mobile banking services; and ACH and wire transfers, cash management, positive pay, and remote deposit capture services. It operates full-service banking offices in Staten Island and Brooklyn, New York; and Hunterdon, Middlesex, Mercer, and Union counties, New Jersey. Northfield Bancorp, Inc. (Staten Island, NY) was founded in 1887 and is headquartered in Woodbridge, New Jersey.

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