Northfield Bancorp (Staten Island NY)
Market Cap
US$771.3m
Last Updated
2020/02/24 00:15 UTC
Data Sources
Company Financials +
Executive Summary
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.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet average dividend payer.
Similar Companies
Share Price & News
How has Northfield Bancorp (Staten Island NY)'s share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NFBK has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.8%
NFBK
-1.0%
US Mortgage
-1.1%
US Market
1 Year Return
4.8%
NFBK
5.8%
US Mortgage
17.8%
US Market
Return vs Industry: NFBK underperformed the US Mortgage industry which returned 5.8% over the past year.
Return vs Market: NFBK underperformed the US Market which returned 17.8% over the past year.
Shareholder returns
| NFBK | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.8% | -1.0% | -1.1% |
| 30 Day | -5.2% | -1.2% | 1.5% |
| 90 Day | -7.7% | -3.2% | 6.6% |
| 1 Year | 7.7%4.8% | 8.3%5.8% | 20.2%17.8% |
| 3 Year | -10.5%-17.0% | 18.4%10.0% | 47.5%38.1% |
| 5 Year | 20.7%7.7% | 57.0%39.7% | 71.2%52.4% |
Price Volatility Vs. Market
How volatile is Northfield Bancorp (Staten Island NY)'s share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Passed Our Checks, And It's About To Pay A US$0.11 Dividend1 month ago | Simply Wall St
What To Know Before Buying Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) For Its Dividend1 month ago | Simply Wall St
Here's Why I Think Northfield Bancorp (Staten Island NY) (NASDAQ:NFBK) Is An Interesting StockValuation
Is Northfield Bancorp (Staten Island NY) undervalued compared to its fair value and its price relative to the market?
18.24x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: NFBK ($15.69) is trading above our estimate of fair value ($8.06)
Significantly Below Fair Value: NFBK is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NFBK is poor value based on its PE Ratio (18.2x) compared to the Mortgage industry average (13.6x).
PE vs Market: NFBK is poor value based on its PE Ratio (18.2x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: NFBK is poor value based on its PEG Ratio (2.6x)
Price to Book Ratio
PB vs Industry: NFBK is overvalued based on its PB Ratio (1.1x) compared to the US Mortgage industry average (1.1x).
Next Steps
Future Growth
How is Northfield Bancorp (Staten Island NY) forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
7.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NFBK's forecast earnings growth (7.1% per year) is above the savings rate (1.7%).
Earnings vs Market: NFBK's earnings (7.1% per year) are forecast to grow slower than the US market (14.1% per year).
High Growth Earnings: NFBK's earnings are forecast to grow, but not significantly.
Revenue vs Market: NFBK's revenue (4.5% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: NFBK's revenue (4.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NFBK's Return on Equity is forecast to be low in 3 years time (6%).
Next Steps
Past Performance
How has Northfield Bancorp (Staten Island NY) performed over the past 5 years?
15.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NFBK has high quality earnings.
Growing Profit Margin: NFBK's current net profit margins (32.7%) are lower than last year (34.3%).
Past Earnings Growth Analysis
Earnings Trend: NFBK's earnings have grown by 15.9% per year over the past 5 years.
Accelerating Growth: NFBK's earnings growth over the past year (0.4%) is below its 5-year average (15.9% per year).
Earnings vs Industry: NFBK earnings growth over the past year (0.4%) underperformed the Mortgage industry 11.1%.
Return on Equity
High ROE: NFBK's Return on Equity (5.8%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Northfield Bancorp (Staten Island NY)'s financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: NFBK has a low level of unsold assets or inventory.
Debt Coverage by Assets: NFBK's debt is not covered by short term assets (assets are 0.2x debt).
Financial Institutions Analysis
Asset Level: NFBK's level of assets compared to its equity is low.
Allowance for Bad Loans: NFBK has a sufficient allowance for bad loans.
Low Risk Liabilities: NFBK's liabilities are made up of primarily low risk sources of funding.
Loan Level: NFBK has an acceptable proportion of non-loan assets held.
Low Risk Deposits: NFBK's loans are broadly funded by customer deposits.
Level of Bad Loans: NFBK has an appropriate level of bad loans (0.29%)
Next Steps
Dividend
What is Northfield Bancorp (Staten Island NY)'s current dividend yield, its reliability and sustainability?
2.80%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: NFBK's dividend (2.81%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: NFBK's dividend (2.81%) is low compared to the top 25% of dividend payers in the US market (3.73%).
Stability and Growth of Payments
Stable Dividend: NFBK's dividend payments have been volatile in the past 10 years.
Growing Dividend: NFBK's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (50%), NFBK's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NFBK's dividends in 3 years are forecast to be covered by earnings (54.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.3yrs
Average management tenure
CEO
Steve Klein (53yo)
2.3yrs
Tenure
US$943,547
Compensation
Mr. Steven M. Klein, also known as Steve, CPA, has been the President of Northfield Bancorp, Inc. (Staten Island, NY) and its subsidiary Northfield Bank ("Northfield") since February 01, 2013 and its CEO s ...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD943.55K) is below average for companies of similar size in the US market ($USD2.51M).
Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.3yrs | US$943.55k | 0.92% $7.1m | |
| Executive VP & CFO | 7yrs | US$510.71k | 0.15% $1.2m | |
| Executive VP of Operations | 18.1yrs | US$447.01k | 0.21% $1.6m | |
| Executive VP & Chief Administrative Officer | 0yrs | US$453.23k | 0.021% $160.1k | |
| Senior Credit Advisor | 0.9yrs | US$488.81k | 0.77% $5.9m | |
| Senior VP & Corporate Secretary | 10.1yrs | no data | no data | |
| Vice President of Marketing | 16.1yrs | no data | no data | |
| Executive VP of Business Development & Branch Administration | 4yrs | US$331.95k | 0.12% $948.6k | |
| Regional President for the Hopewell Valley Franchise | 4.1yrs | no data | no data | |
| Senior Vice President of Northfield Bank and Commercial Banking Lead of Northfield Bank | 5.3yrs | no data | no data |
5.3yrs
Average Tenure
56yo
Average Age
Experienced Management: NFBK's management team is seasoned and experienced (5.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.3yrs | US$943.55k | 0.92% $7.1m | |
| Independent Director | 17.1yrs | US$89.20k | 0.56% $4.3m | |
| Chairman of the Board | 18.1yrs | US$202.27k | 0.64% $4.9m | |
| Independent Director | 4.1yrs | US$85.83k | 0.46% $3.5m | |
| Independent Director | 6.4yrs | US$113.20k | 0.49% $3.8m | |
| Independent Director | 14.1yrs | US$99.20k | 0.060% $460.6k | |
| Independent Director | 15.1yrs | US$95.00k | 0.15% $1.1m | |
| Lead Director | 4.1yrs | US$99.90k | 0.35% $2.7m | |
| Independent Director | 6.4yrs | US$104.00k | 0.10% $808.0k | |
| Independent Director | 6.4yrs | US$99.60k | 0.099% $766.1k |
6.4yrs
Average Tenure
62.5yo
Average Age
Experienced Board: NFBK's board of directors are considered experienced (6.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NFBK insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Northfield Bancorp, Inc. (Staten Island, NY)'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Northfield Bancorp, Inc. (Staten Island, NY)
- Ticker: NFBK
- Exchange: NasdaqGS
- Founded: 1887
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Market Cap: US$771.315m
- Shares outstanding: 49.18m
- Website: https://www.enorthfield.com
Number of Employees
Location
- Northfield Bancorp, Inc. (Staten Island, NY)
- 581 Main Street
- Suite 810
- Woodbridge
- New Jersey
- 7095
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NFBK | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Nov 2007 |
Biography
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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/24 00:15 |
| End of Day Share Price | 2020/02/21 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.