Northfield Bancorp (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. The last earnings update was 70 days ago. More info.
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NFBK Share Price and Events
7 Day Returns
1 Year Returns
NFBK Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Northfield Bancorp (Staten Island NY) (NFBK) | -0.1% | 3.2% | 9.5% | -7.4% | 3.6% | 21.3% |
| US Mortgage | -1.1% | 0.8% | 0.9% | 0.6% | 32.3% | 42.9% |
| US Market | -0.3% | 2.9% | 2.1% | 3.4% | 36.2% | 41.3% |
1 Year Return vs Industry and Market
- NFBK underperformed the Mortgage industry which returned 0.6% over the past year.
- NFBK underperformed the Market in United States of America which returned 3.4% over the past year.
NFBK Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Northfield Bancorp (Staten Island NY)
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Northfield Bancorp (Staten Island NY).
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Weighted future Return on Equity estimates from 5 analysts.
= Stable Book Value * Return on Equity = $13.86 * 5.6% |
$0.77 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 4 analysts. | $13.86 |
| Discount Rate (Cost of Equity) | See below | 9.7% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Mortgage Unlevered Beta | Simply Wall St/ S&P Global | 0.86 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.858 (1 + (1- 21%) (58.33%)) |
1.17 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.17 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.17 * 5.96%) |
9.7% |
Discounted Cash Flow Calculation for NasdaqGS:NFBK using Excess Returns Model Model
The calculations below outline how an intrinsic value for Northfield Bancorp (Staten Island NY) is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (5.6% – 9.7%) * $13.86) |
$-0.58 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $-0.58 / (9.7% - 2.73%) |
$-8.25 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $13.86 + $-8.25 |
$5.61 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $5.61 |
| Current discount | Discount to share price of
$15.73
= -1 x ($15.73 - $5.61) / $5.61 |
-180.6% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Northfield Bancorp (Staten Island NY) is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Northfield Bancorp (Staten Island NY)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Northfield Bancorp (Staten Island NY)'s earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $0.82 |
| NasdaqGS:NFBK Share Price ** | NasdaqGS (2019-07-18) in USD | $15.73 |
| United States of America Mortgage Industry PE Ratio | Median Figure of 129 Publicly-Listed Mortgage Companies | 14.33x |
| United States of America Market PE Ratio | Median Figure of 3,083 Publicly-Listed Companies | 17.88x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Northfield Bancorp (Staten Island NY).
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:NFBK Share Price ÷ EPS (both in USD) = 15.73 ÷ 0.82 |
19.09x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Northfield Bancorp (Staten Island NY) is overvalued based on earnings compared to the US Mortgage industry average.
- Northfield Bancorp (Staten Island NY) is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Northfield Bancorp (Staten Island NY)'s expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 19.09x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts |
1.7%per year |
| United States of America Mortgage Industry PEG Ratio | Median Figure of 50 Publicly-Listed Mortgage Companies | 1.23x |
| United States of America Market PEG Ratio | Median Figure of 2,124 Publicly-Listed Companies | 1.57x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 19.09x ÷ 1.7% |
11.31x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Northfield Bancorp (Staten Island NY) is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Northfield Bancorp (Staten Island NY)'s
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $14.47 |
| NasdaqGS:NFBK Share Price * | NasdaqGS (2019-07-18) in USD | $15.73 |
| United States of America Mortgage Industry PB Ratio | Median Figure of 145 Publicly-Listed Mortgage Companies | 1.13x |
| United States of America Market PB Ratio | Median Figure of 5,245 Publicly-Listed Companies | 1.8x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:NFBK Share Price ÷ Book Value per Share (both in USD) = 15.73 ÷ 14.47 |
1.09x |
* Primary Listing of Northfield Bancorp (Staten Island NY).
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Northfield Bancorp (Staten Island NY) is good value based on assets compared to the US Mortgage industry average.
Value checks
We assess Northfield Bancorp (Staten Island NY)'s value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Mortgage industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Mortgage industry average (and greater than 0)? (1 check) Northfield Bancorp (Staten Island NY) has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
NFBK Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Northfield Bancorp (Staten Island NY)'s earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
- Northfield Bancorp (Staten Island NY)'s earnings growth is positive but not above the United States of America market average.
- Northfield Bancorp (Staten Island NY)'s revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:NFBK Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts | 1.7% |
| NasdaqGS:NFBK Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts | 2.1% |
| United States of America Mortgage Industry Earnings Growth Rate | Market Cap Weighted Average | 10.7% |
| United States of America Mortgage Industry Revenue Growth Rate | Market Cap Weighted Average | 4.5% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.1% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.4% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 118 | 38 | 3 | |
| 2019-12-31 | 112 | 36 | 5 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 117 | 49 | 38 |
| 2018-12-31 | 117 | 53 | 40 |
| 2018-09-30 | 121 | 51 | 28 |
| 2018-06-30 | 119 | 50 | 27 |
| 2018-03-31 | 117 | 47 | 25 |
| 2017-12-31 | 118 | 44 | 25 |
| 2017-09-30 | 116 | 48 | 35 |
| 2017-06-30 | 115 | 46 | 34 |
| 2017-03-31 | 116 | 42 | 32 |
| 2016-12-31 | 113 | 38 | 26 |
| 2016-09-30 | 107 | 31 | 23 |
| 2016-06-30 | 101 | 30 | 21 |
*GAAP earnings excluding extraordinary items.
High Growth Checks
- Northfield Bancorp (Staten Island NY)'s earnings are expected to grow by 1.7% yearly, however this is not considered high growth (20% yearly).
- Northfield Bancorp (Staten Island NY)'s revenue is expected to grow by 2.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
All data from Northfield Bancorp (Staten Island NY) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 0.81 | 0.88 | 0.75 | 4.00 |
| 2019-12-31 | 0.76 | 0.80 | 0.74 | 5.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 0.82 |
| 2018-12-31 | 0.87 |
| 2018-09-30 | 0.62 |
| 2018-06-30 | 0.60 |
| 2018-03-31 | 0.56 |
| 2017-12-31 | 0.55 |
| 2017-09-30 | 0.77 |
| 2017-06-30 | 0.75 |
| 2017-03-31 | 0.73 |
| 2016-12-31 | 0.59 |
| 2016-09-30 | 0.54 |
| 2016-06-30 | 0.49 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Northfield Bancorp (Staten Island NY) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Northfield Bancorp (Staten Island NY)'s future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Northfield Bancorp (Staten Island NY) has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
NFBK Past Performance
How has Northfield Bancorp (Staten Island NY) performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Northfield Bancorp (Staten Island NY)'s year on year earnings growth rate has been positive over the past 5 years.
- Northfield Bancorp (Staten Island NY)'s 1-year earnings growth exceeds its 5-year average (52% vs 13.9%)
- Northfield Bancorp (Staten Island NY)'s earnings growth has exceeded the US Mortgage industry average in the past year (52% vs 39%).
Earnings and Revenue History
All data from Northfield Bancorp (Staten Island NY) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 117.42 | 38.41 | 61.39 | |
| 2018-12-31 | 116.75 | 40.08 | 59.12 | |
| 2018-09-30 | 120.57 | 28.42 | 57.44 | |
| 2018-06-30 | 119.30 | 27.47 | 57.11 | |
| 2018-03-31 | 117.09 | 25.27 | 59.67 | |
| 2017-12-31 | 117.62 | 24.77 | 59.87 | |
| 2017-09-30 | 116.31 | 34.68 | 54.67 | |
| 2017-06-30 | 115.28 | 33.84 | 55.92 | |
| 2017-03-31 | 116.11 | 32.42 | 58.88 | |
| 2016-12-31 | 112.74 | 26.13 | 64.01 | |
| 2016-09-30 | 107.16 | 23.49 | 59.20 | |
| 2016-06-30 | 100.76 | 20.88 | 55.52 | |
| 2016-03-31 | 94.82 | 18.19 | 50.31 | |
| 2015-12-31 | 89.62 | 19.53 | 47.39 | |
| 2015-09-30 | 87.89 | 18.85 | 48.19 | |
| 2015-06-30 | 86.35 | 18.90 | 47.22 | |
| 2015-03-31 | 85.18 | 20.05 | 45.92 | |
| 2014-12-31 | 84.16 | 20.27 | 43.59 | |
| 2014-09-30 | 83.30 | 20.34 | 42.91 | |
| 2014-06-30 | 83.90 | 20.72 | 43.20 | |
| 2014-03-31 | 82.88 | 19.57 | 43.48 | |
| 2013-12-31 | 83.76 | 19.15 | 45.79 | |
| 2013-09-30 | 80.43 | 17.43 | 44.85 | |
| 2013-06-30 | 77.54 | 16.23 | 43.60 | |
| 2013-03-31 | 75.40 | 15.88 | 42.33 | |
| 2012-12-31 | 73.95 | 16.03 | 40.77 | |
| 2012-09-30 | 68.38 | 16.60 | 41.28 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Northfield Bancorp (Staten Island NY) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Northfield Bancorp (Staten Island NY) used its assets less efficiently than the US Mortgage industry average last year based on Return on Assets.
- Unable to establish if Northfield Bancorp (Staten Island NY) improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess Northfield Bancorp (Staten Island NY)'s performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Mortgage industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Northfield Bancorp (Staten Island NY) has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
NFBK Health
This company is a bank or financial institution.Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Balance sheet
Assets
Liabilities and shares
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Northfield Bancorp (Staten Island NY) Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 679.44 | 409.24 | 95.58 |
| 2018-12-31 | 666.44 | 408.85 | 86.73 |
| 2018-09-30 | 654.42 | 441.08 | 69.41 |
| 2018-06-30 | 649.66 | 524.16 | 68.90 |
| 2018-03-31 | 642.82 | 456.03 | 62.40 |
| 2017-12-31 | 638.88 | 471.25 | 67.44 |
| 2017-09-30 | 645.05 | 583.69 | 112.47 |
| 2017-06-30 | 638.52 | 500.69 | 59.11 |
| 2017-03-31 | 630.38 | 495.44 | 59.70 |
| 2016-12-31 | 621.20 | 472.68 | 103.94 |
| 2016-09-30 | 620.50 | 494.43 | 43.68 |
| 2016-06-30 | 615.36 | 479.31 | 67.63 |
| 2016-03-31 | 608.74 | 479.19 | 121.77 |
| 2015-12-31 | 559.78 | 557.40 | 58.57 |
| 2015-09-30 | 558.10 | 508.62 | 92.35 |
| 2015-06-30 | 557.55 | 579.08 | 82.58 |
| 2015-03-31 | 582.63 | 660.04 | 99.83 |
| 2014-12-31 | 593.93 | 777.75 | 83.13 |
| 2014-09-30 | 617.84 | 767.99 | 73.10 |
| 2014-06-30 | 648.83 | 534.33 | 42.12 |
| 2014-03-31 | 681.72 | 499.29 | 67.23 |
| 2013-12-31 | 716.11 | 469.15 | 67.24 |
| 2013-09-30 | 716.28 | 492.18 | 99.36 |
| 2013-06-30 | 719.58 | 412.34 | 30.62 |
| 2013-03-31 | 744.03 | 399.50 | 71.08 |
| 2012-12-31 | 414.87 | 417.65 | 132.44 |
| 2012-09-30 | 395.79 | 499.93 | 36.75 |
BANK ANALYSIS
This company is a bank or financial institution, which is analysed accordingly below.
- Northfield Bancorp (Staten Island NY) has an acceptable proportion of non-loan assets held.
- Northfield Bancorp (Staten Island NY)'s liabilities are made up of primarily low risk sources of funding.
- Loans at Northfield Bancorp (Staten Island NY) are broadly funded by customer deposits.
- Northfield Bancorp (Staten Island NY)'s level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
- Northfield Bancorp (Staten Island NY) has a sufficient allowance for bad loans.
- Northfield Bancorp (Staten Island NY) has an acceptable level of bad loans (less than 2%).
Financial health checks
We assess Northfield Bancorp (Staten Island NY)'s financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Northfield Bancorp (Staten Island NY) has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
NFBK Dividends
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Northfield Bancorp (Staten Island NY)
shares you are expected to receive
$56
in your first year as a dividend.
Dividend Amount
- Northfield Bancorp (Staten Island NY)'s pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
- Northfield Bancorp (Staten Island NY)'s dividend is below the markets top 25% of dividend payers in United States of America (3.76%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
| United States of America Mortgage Industry Average Dividend Yield | Market Cap Weighted Average of 95 Stocks | 3.1% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2017 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | 0.44 | 5.00 |
| 2019-12-31 | 0.43 | 5.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-05-10 | 0.440 | 2.876 |
| 2019-04-24 | 0.440 | 2.916 |
| 2019-03-01 | 0.400 | 2.800 |
| 2019-01-30 | 0.400 | 2.717 |
| 2018-07-25 | 0.400 | 2.728 |
| 2018-05-10 | 0.400 | 2.402 |
| 2018-04-25 | 0.400 | 2.507 |
| 2018-03-01 | 0.400 | 2.515 |
| 2018-01-24 | 0.400 | 2.471 |
| 2017-11-09 | 0.400 | 2.333 |
| 2017-10-25 | 0.400 | 2.360 |
| 2017-08-09 | 0.320 | 1.940 |
| 2017-07-26 | 0.320 | 1.925 |
| 2017-05-10 | 0.320 | 1.878 |
| 2017-04-26 | 0.320 | 1.752 |
| 2017-03-16 | 0.320 | 1.786 |
| 2017-01-25 | 0.320 | 1.750 |
| 2016-11-09 | 0.320 | 1.671 |
| 2016-10-26 | 0.320 | 1.957 |
| 2016-08-09 | 0.320 | 2.011 |
| 2016-07-27 | 0.320 | 2.115 |
| 2016-05-10 | 0.320 | 2.118 |
| 2016-04-27 | 0.320 | 2.023 |
| 2016-03-15 | 0.280 | 1.713 |
| 2016-01-28 | 0.280 | 1.799 |
| 2015-11-09 | 0.280 | 1.791 |
| 2015-10-29 | 0.280 | 1.779 |
| 2015-08-10 | 0.280 | 1.843 |
| 2015-07-22 | 0.280 | 1.848 |
| 2015-05-11 | 0.280 | 1.869 |
| 2015-04-22 | 0.280 | 1.913 |
| 2014-10-22 | 0.280 | 1.939 |
| 2014-07-23 | 0.280 | 2.105 |
| 2014-05-09 | 0.240 | 1.846 |
| 2014-04-23 | 0.240 | 1.865 |
| 2013-10-23 | 0.240 | 1.876 |
| 2013-04-24 | 0.240 | 2.013 |
| 2013-03-18 | 0.240 | 2.096 |
| 2013-01-24 | 0.000 | 0.000 |
| 2012-11-09 | 0.000 | 0.000 |
| 2012-10-24 | 0.000 | 0.000 |
| 2012-08-09 | 0.000 | 0.000 |
| 2012-07-25 | 0.000 | 0.000 |
| 2012-01-26 | 0.171 | 1.710 |
| 2011-10-27 | 0.171 | 1.693 |
| 2011-07-27 | 0.171 | 1.833 |
| 2011-04-28 | 0.171 | 1.739 |
| 2011-04-27 | 0.171 | 1.707 |
| 2011-01-28 | 0.143 | 1.495 |
| 2010-10-27 | 0.143 | 1.557 |
| 2010-08-09 | 0.143 | 1.771 |
| 2010-07-30 | 0.143 | 1.579 |
| 2010-04-29 | 0.142 | 1.465 |
| 2010-04-28 | 0.143 | 1.336 |
| 2009-10-30 | 0.114 | 1.174 |
| 2009-07-30 | 0.114 | 1.277 |
| 2009-04-28 | 0.114 | 1.427 |
| 2009-01-29 | 0.114 | 1.541 |
| 2008-10-30 | 0.114 | 1.457 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have increased over the past 10 years.
Income/ dividend checks
We assess Northfield Bancorp (Staten Island NY)'s dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Northfield Bancorp (Staten Island NY) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Northfield Bancorp (Staten Island NY) has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
NFBK Management
CEO
| COMPENSATION | $943,547 |
| AGE | 53 |
| TENURE AS CEO | 1.7 years |
CEO Bio
Mr. Steven M. Klein, also known as Steve, CPA, has been the President of Northfield Bancorp, Inc. (Staten Island, NY) and its subsidiary Northfield Bank since February 01, 2013 and its CEO since 2018. He serves as Director at Richmond Medical Center. Mr. Klein served as the Chief Operating Officer of Northfield Bancorp, Inc. (Staten Island, NY) and its subsidiary Northfield Bank from March 1, 2011 to 2018. He served as an Executive Vice President and Chief Financial Officer of Northfield Bancorp, Inc. (Staten Island, NY) and its subsidiary Northfield Bank since joining in March 2005 until February 1, 2013. He served as the Principal Accounting Officer at Northfield Bancorp, Inc. (Staten Island, NY). Mr. Klein served as an Audit Partner in the community banking practice of KPMG LLP from September 2003 to March 2005 and was employed by KPMG LLP beginning in 1986. Mr. Klein’s background includes serving as an audit partner with the international accounting and auditing firm KPMG LLP. He has been a Director of Northfield Bank and Northfield Bancorp, Inc. (Staten Island, NY) since August 2013. He served as a Trustee of CentraState Healthcare System, Inc. since 2009. He is a member and serves on various committees of the New Jersey Bankers Association and the American Bankers Association. He has been an Independent Director of Middlesex Water Co. since August 1, 2009. Mr. Klein serves on the Board of Trustees of Richmond University Medical Center. He is a Certified Public Accountant in the State of New Jersey. He is a member of the American Institute of Certified Public Accountants, New Jersey Society of Certified Public Accountants, the New Jersey League of Community Bankers and America's Community Bankers. Mr. Klein is a graduate of Montclair State University with a Bachelor of Science in Business Administration and Accounting.
CEO Compensation
- Steve's compensation has been consistent with company performance over the past year, both up more than 20%.
- Steve's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Northfield Bancorp (Staten Island NY) management team in years:
- The tenure for the Northfield Bancorp (Staten Island NY) management team is about average.
Management Team
Steve Klein
President
$944K
53
1.7 yrs
Bill Jacobs
Executive VP & CFO
$511K
45
6.4 yrs
Michael Widmer
Executive VP of Operations
$447K
59
17.5 yrs
Tara French
Executive VP & Chief Administrative Officer
$453K
56
Ken Doherty
Senior Credit Advisor
$489K
61
0.3 yrs
M. Bergin
Senior VP & Corporate Secretary
9.5 yrs
Robin Lefkowitz
Executive VP of Business Development & Branch Administration
$332K
52
3.4 yrs
Damien Kane
Vice President of Marketing
15.5 yrs
Jim Hyman
Regional President for the Hopewell Valley Franchise
73
3.5 yrs
Dan Greene
Senior Vice President of Northfield Bank and Commercial Banking Lead of Northfield Bank
4.7 yrs
Board of Directors Tenure
Average tenure and age of the Northfield Bancorp (Staten Island NY) board of directors in years:
- The tenure for the Northfield Bancorp (Staten Island NY) board of directors is about average.
Board of Directors
John Alexander
Chairman of the Board
$202K
69
17.5 yrs
Steve Klein
President
$944K
53
5.8 yrs
Patrick Scura
Director
$99K
74
13.5 yrs
Gil Chapman
Director
$95K
65
14.5 yrs
Annette Catino
Director
$89K
62
16.5 yrs
John Connors
Lead Director
$100K
62
3.5 yrs
Timothy Harrison
Director
$104K
62
5.8 yrs
Karen Kessler
Director
$100K
63
5.8 yrs
Frank Patafio
Director
$113K
59
5.8 yrs
Patrick Ryan
Director
$86K
69
3.5 yrs
Who owns this company?
Recent Insider Trading
- Northfield Bancorp (Staten Island NY) individual insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 18. Jun 19 | Sell | Patrick Scura | Individual | 18. Jun 19 | 18. Jun 19 | -6,000 | $15.24 | $-91,457 | ||
| 17. Jun 19 | Sell | Frank Patafio | Individual | 17. Jun 19 | 17. Jun 19 | -4,500 | $15.22 | $-68,487 | ||
| 14. Jun 19 | Sell | Michael Widmer | Individual | 13. Jun 19 | 13. Jun 19 | -4,114 | $15.18 | $-62,453 | ||
| 14. Jun 19 | Sell | Steven Klein | Individual | 13. Jun 19 | 13. Jun 19 | -13,626 | $15.18 | $-206,814 | ||
| 14. Jun 19 | Sell | William Jacobs | Individual | 13. Jun 19 | 13. Jun 19 | -1,953 | $15.25 | $-29,784 | ||
| 14. Jun 19 | Sell | Robin Lefkowitz | Individual | 13. Jun 19 | 13. Jun 19 | -769 | $15.25 | $-11,730 | ||
| 07. Jun 19 | Sell | Patrick Scura | Individual | 06. Jun 19 | 06. Jun 19 | -2,500 | $15.26 | $-38,143 | ||
| 04. Jun 19 | Sell | Robin Lefkowitz | Individual | 03. Jun 19 | 03. Jun 19 | -2,000 | $15.20 | $-30,400 | ||
| 04. Jun 19 | Sell | Patrick Ryan | Individual | 03. Jun 19 | 03. Jun 19 | -5,000 | $15.20 | $-75,999 | ||
| 31. May 19 | Buy | Paul Stahlin | Individual | 30. May 19 | 30. May 19 | 4,500 | $14.80 | $66,600 | ||
| 29. May 19 | Sell | William Jacobs | Individual | 28. May 19 | 28. May 19 | -1,575 | $15.09 | $-23,768 | ||
| 29. May 19 | Sell | Michael Widmer | Individual | 28. May 19 | 28. May 19 | -1,574 | $15.09 | $-23,753 | ||
| 29. May 19 | Sell | Steven Klein | Individual | 28. May 19 | 28. May 19 | -4,406 | $15.09 | $-66,507 | ||
| 28. May 19 | Sell | Gil Chapman | Individual | 23. May 19 | 23. May 19 | -3,000 | $14.80 | $-44,400 | ||
| 19. Mar 19 | Sell | Kenneth Doherty | Individual | 18. Mar 19 | 18. Mar 19 | -10,000 | $14.56 | $-145,640 | ||
| 14. Mar 19 | Buy | Paul Stahlin | Individual | 12. Mar 19 | 12. Mar 19 | 500 | $14.50 | $7,250 | ||
| 15. Feb 19 | Sell | Robin Lefkowitz | Individual | 14. Feb 19 | 15. Feb 19 | -5,000 | $14.65 | $-73,009 | ||
| 07. Feb 19 | Sell | Gil Chapman | Individual | 06. Feb 19 | 06. Feb 19 | -8,000 | $14.58 | $-116,658 | ||
| 13. Nov 18 | Buy | Tara French | Individual | 09. Nov 18 | 09. Nov 18 | 2,500 | $13.70 | $34,251 | ||
| 13. Nov 18 | Sell | Robin Lefkowitz | Individual | 12. Nov 18 | 12. Nov 18 | -2,000 | $13.75 | $-27,500 | ||
| 02. Nov 18 | Buy | Annette Catino | Individual | 31. Oct 18 | 31. Oct 18 | 6,000 | $13.20 | $79,180 | ||
| 11. Sep 18 | Sell | John Connors | Individual | 10. Sep 18 | 10. Sep 18 | -2,500 | $16.05 | $-40,118 | ||
| 04. Sep 18 | Sell | Robin Lefkowitz | Individual | 31. Aug 18 | 31. Aug 18 | -2,231 | $16.30 | $-36,365 | ||
| 27. Aug 18 | Sell | John Connors | Individual | 27. Aug 18 | 27. Aug 18 | -2,500 | $16.62 | $-41,550 | ||
| 15. Aug 18 | Sell | Robin Lefkowitz | Individual | 13. Aug 18 | 13. Aug 18 | -2,000 | $16.30 | $-32,600 | ||
| 10. Aug 18 | Sell | Robin Lefkowitz | Individual | 08. Aug 18 | 08. Aug 18 | -1,000 | $16.20 | $-16,200 | ||
Management checks
We assess Northfield Bancorp (Staten Island NY)'s management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Northfield Bancorp (Staten Island NY) has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
NFBK News
Simply Wall St News
Need To Know: Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Insiders Have Been Selling Shares
For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.' See our latest analysis for Northfield Bancorp (Staten Island NY) The Last 12 Months Of Insider Transactions At Northfield Bancorp (Staten Island NY) Over the last year, we can see that the biggest insider sale was by the President, Steven Klein, for US$207k worth of shares, at about US$15.18 per share. … Over the last year we saw more insider selling of Northfield Bancorp (Staten Island NY) shares, than buying. … NasdaqGS:NFBK Recent Insider Trading, July 8th 2019 Insiders at Northfield Bancorp (Staten Island NY) Have Sold Stock Recently Over the last three months, we've seen notably more insider selling, than insider buying, at Northfield Bancorp (Staten Island NY).
Simply Wall St - – Full articleHere's Why We Think Northfield Bancorp (Staten Island NY) (NASDAQ:NFBK) Is Well Worth Watching
View our latest analysis for Northfield Bancorp (Staten Island NY) How Quickly Is Northfield Bancorp (Staten Island NY) Increasing Earnings Per Share? … For companies with market capitalizations between US$400m and US$1.6b, like Northfield Bancorp (Staten Island NY), the median CEO pay is around US$2.7m. … Given my belief that share price follows earnings per share you can easily imagine how I feel about Northfield Bancorp (Staten Island NY)'s strong EPS growth.
Simply Wall St - – Full articleShould You Be Tempted To Sell Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Because Of Its P/E Ratio?
Based on the last twelve months, Northfield Bancorp (Staten Island NY)'s P/E ratio is 18.39. … The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Northfield Bancorp (Staten Island NY): P/E of 18.39 = $15.15 ÷ $0.82 (Based on the trailing twelve months to March 2019.) Is A High Price-to-Earnings Ratio Good? … The Bottom Line On Northfield Bancorp (Staten Island NY)'s P/E Ratio Northfield Bancorp (Staten Island NY) trades on a P/E ratio of 18.4, which is fairly close to the US market average of 17.5.
Simply Wall St - – Full articleCan You Imagine How Northfield Bancorp (Staten Island NY)'s (NASDAQ:NFBK) Shareholders Feel About The 13% Share Price Increase?
(Staten Island, NY) (NASDAQ:NFBK) has fallen short of that second goal, with a share price rise of 13% over five years, which is below the market return. … During five years of share price growth, Northfield Bancorp (Staten Island NY) achieved compound earnings per share (EPS) growth of 20% per year. … Dive deeper into the earnings by checking this interactive graph of Northfield Bancorp (Staten Island NY)'s earnings, revenue and cash flow.
Simply Wall St - – Full articleWhy Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Should Be In Your Portfolio
The stock currently pays out a dividend yield of 2.8%, and has a market cap of US$691m. … Does Northfield Bancorp (Staten Island NY) tick all the boxes of a great dividend stock? … Check out our latest analysis for Northfield Bancorp (Staten Island NY)
Simply Wall St - – Full articleWhat Kind Of Shareholder Owns Most Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Stock?
The big shareholder groups in Northfield Bancorp, Inc. … With a market capitalization of US$732m, Northfield Bancorp (Staten Island NY) is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for Northfield Bancorp (Staten Island NY)
Simply Wall St - – Full articleHow Many Insiders Sold Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Shares?
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … So shareholders might well want to know whether insiders have been buying or selling shares in Northfield Bancorp, Inc. … But logic dictates you should pay some attention to whether insiders are buying or selling shares.
Simply Wall St - – Full articleDoes Northfield Bancorp Inc (Staten Island NY) (NASDAQ:NFBK) Have A Place In Your Portfolio?
There is a lot to be liked about Northfield Bancorp Inc (Staten Island NY) (NASDAQ:NFBK) as an income stock. … Let's take a look at Northfield Bancorp (Staten Island NY) in more detail. … View our latest analysis for Northfield Bancorp (Staten Island NY)
Simply Wall St - – Full articleNorthfield Bancorp Inc (Staten Island NY)'s (NASDAQ:NFBK) Earnings Dropped -18%, Did Its Industry Show Weakness Too?
After looking at Northfield Bancorp Inc (Staten Island NY)'s (NASDAQ:NFBK) latest earnings update (30 September 2018), I found it helpful to revisit the company's performance in the past couple of years and compare this against the latest numbers. … See our latest analysis for Northfield Bancorp (Staten Island NY)? … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 11%, indicating the rate at which NFBK is growing has slowed down
Simply Wall St - – Full articleWhy Did These Investors Just Divested From Northfield Bancorp Inc (Staten Island NY) (NASDAQ:NFBK)?
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. … Northfield Bancorp (Staten Island NY)'s insiders have divested from.
Simply Wall St - – Full articleNFBK Company Info
Description
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 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. 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 primarily mortgage loans and other investments. As of January 30, 2019, the company operated through a network of 40 full-service banking offices located in Staten Island and Brooklyn, New York; and Hunterdon, Mercer, Middlesex, and Union counties, New Jersey. Northfield Bancorp, Inc. (Staten Island, NY) was founded in 1887 and is headquartered in Woodbridge, New Jersey.
Details
| Name: | Northfield Bancorp, Inc. (Staten Island, NY) |
| NFBK | |
| Exchange: | NasdaqGS |
| Founded: | 1887 |
| $782,940,065 | |
| 49,773,685 | |
| Website: | http://www.enorthfield.com |
| Address: |
Northfield Bancorp, Inc. (Staten Island, NY) 581 Main Street, Suite 810, Woodbridge, New Jersey, 07095, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | NFBK | Common Stock | Nasdaq Global Select | US | USD | 08. Nov 2007 |
Number of employees
Current staff
Industry
| Thrifts and Mortgage Finance | |
| Banks |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/19 00:09 |
| End of day share price update: | 2019/07/18 00:00 |
| Last estimates confirmation: | 2019/07/07 |
| Last earnings filing: | 2019/05/10 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
