NFBK Overview

Earnings Report: Northfield Bancorp, Inc. reported a second-quarter earnings increase to $9.57 million ($0.24 per share), up from $7.88 million ($0.19 per share) last year.

Revenue Growth: The company's revenue rose by 3.9% to $62.43 million compared to $60.09 million in the same period last year.

Financial Performance: Northfield Bancorp, Inc. reported a significant increase in net income to $17.4 million for the first half of 2025, driven by higher net interest income and improved asset quality, with diluted earnings per share rising to $0.24 from $0.19 in the previous quarter.

Asset Management and Liquidity: The bank maintained strong liquidity with over $800 million in unpledged securities, while total assets slightly increased to $5.68 billion, despite a decline in loans held-for-investment and total deposits due to reduced reliance on brokered deposits.

Insider Trading Activity: Paul Stahlin, a director at $NFBK, sold 3,231 shares on June 18, 2025, representing about 6.2% of his holdings, leaving him with 49,123 shares. In the past six months, all four insider trades were sales, with no purchases reported.

Institutional Investor Movements: In the latest quarter, 66 institutional investors increased their positions in $NFBK stock, while 74 reduced theirs, indicating mixed sentiment among large shareholders.

Analyst Upgrade: Piper Sandler upgraded Northfield Bancorp, Inc. from Neutral to Overweight on May 2, 2025, with a projected one-year price target of $12.75/share, indicating a potential upside of 9.63% from its current price.

Institutional Ownership Trends: There has been a slight increase in institutional ownership of Northfield Bancorp, with 341 funds reporting positions and an overall increase in shares owned by institutions by 2.79% over the last three months.

Dividend Payment Announcement: Northfield Bancorp, Inc. will pay a dividend of $0.13 per share on May 21, yielding 5.2%, with a sustainable payout ratio projected to decrease to 59% next year as earnings per share are expected to rise by 27.2%.

Long-term Dividend Growth: The company has a history of consistent dividend payments, growing from $0.24 in 2015 to $0.52 recently, but faces challenges due to flat earnings over the past five years, raising concerns about future dividend increases.

Earnings Report: NORTHFIELD BAN ($NFBK) reported quarterly earnings of $0.19 per share, surpassing estimates of $0.18, and revenue of $34.81 million, exceeding expectations of $32.65 million.

Insider Trading Activity: In the past six months, insiders have sold $NFBK stock three times with no purchases, while 60 institutional investors increased their holdings and 64 reduced theirs in the latest quarter.