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NFBK

Northfield Bancorp (Staten Island NY) NasdaqGS:NFBK Stock Report

Last Price

US$12.92

Market Cap

US$631.7m

7D

7.7%

1Y

-22.6%

Updated

26 Jun, 2022

Data

Company Financials +
NFBK fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends4/6

NFBK Stock Overview

Northfield Bancorp, Inc. (Staten Island, NY) operates as the bank holding company for Northfield Bank that provides various banking services primarily to individuals and corporate customers.

Northfield Bancorp (Staten Island NY) Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Northfield Bancorp (Staten Island NY)
Historical stock prices
Current Share PriceUS$12.92
52 Week HighUS$18.41
52 Week LowUS$11.87
Beta0.68
1 Month Change-1.52%
3 Month Change-12.29%
1 Year Change-22.59%
3 Year Change-17.23%
5 Year Change-24.67%
Change since IPO73.45%

Recent News & Updates

Shareholder Returns

NFBKUS MortgageUS Market
7D7.7%7.6%6.6%
1Y-22.6%-37.6%-18.4%

Return vs Industry: NFBK exceeded the US Mortgage industry which returned -37.6% over the past year.

Return vs Market: NFBK underperformed the US Market which returned -18.4% over the past year.

Price Volatility

Is NFBK's price volatile compared to industry and market?
NFBK volatility
NFBK Average Weekly Movement3.5%
Mortgage Industry Average Movement3.7%
Market Average Movement8.1%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.2%

Stable Share Price: NFBK is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: NFBK's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1887385Steve Kleinhttps://www.enorthfield.com

Northfield Bancorp, Inc. (Staten Island, NY) operates as the bank holding company for Northfield Bank that provides various banking 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; 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.

Northfield Bancorp (Staten Island NY) Fundamentals Summary

How do Northfield Bancorp (Staten Island NY)'s earnings and revenue compare to its market cap?
NFBK fundamental statistics
Market CapUS$631.74m
Earnings (TTM)US$66.10m
Revenue (TTM)US$169.28m

9.6x

P/E Ratio

0.9x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NFBK income statement (TTM)
RevenueUS$169.28m
Cost of RevenueUS$0
Gross ProfitUS$169.28m
Other ExpensesUS$103.18m
EarningsUS$66.10m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.35
Gross Margin100.00%
Net Profit Margin39.05%
Debt/Equity Ratio56.0%

How did NFBK perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

38%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is NFBK undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NFBK?

Other financial metrics that can be useful for relative valuation.

NFBK key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio-3.1x

Price to Earnings Ratio vs Peers

How does NFBK's PE Ratio compare to its peers?

NFBK PE Ratio vs Peers
The above table shows the PE ratio for NFBK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.3x
LBC Luther Burbank
7.4x-6.5%US$685.1m
HIFS Hingham Institution for Savings
9.6xn/aUS$604.9m
KRNY Kearny Financial
10x-14.4%US$747.0m
BWB Bridgewater Bancshares
10.2x11.7%US$459.4m
NFBK Northfield Bancorp (Staten Island NY)
9.6x-3.1%US$631.7m

Price-To-Earnings vs Peers: NFBK is expensive based on its Price-To-Earnings Ratio (9.6x) compared to the peer average (9.3x).


Price to Earnings Ratio vs Industry

How does NFBK's PE Ratio compare vs other companies in the US Mortgage Industry?

Price-To-Earnings vs Industry: NFBK is good value based on its Price-To-Earnings Ratio (9.6x) compared to the US Mortgage industry average (11.3x)


Price to Earnings Ratio vs Fair Ratio

What is NFBK's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NFBK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.6x
Fair PE Ratio10.3x

Price-To-Earnings vs Fair Ratio: NFBK is good value based on its Price-To-Earnings Ratio (9.6x) compared to the estimated Fair Price-To-Earnings Ratio (10.3x).


Share Price vs Fair Value

What is the Fair Price of NFBK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NFBK ($12.92) is trading below our estimate of fair value ($21.13)

Significantly Below Fair Value: NFBK is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: NFBK's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


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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?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-3.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NFBK's earnings are forecast to decline over the next 3 years (-3.1% per year).

Earnings vs Market: NFBK's earnings are forecast to decline over the next 3 years (-3.1% per year).

High Growth Earnings: NFBK's earnings are forecast to decline over the next 3 years.

Revenue vs Market: NFBK's revenue (0.4% per year) is forecast to grow slower than the US market (8.4% per year).

High Growth Revenue: NFBK's revenue (0.4% 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 (8%).


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Past Performance

How has Northfield Bancorp (Staten Island NY) performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


17.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NFBK has high quality earnings.

Growing Profit Margin: NFBK's current net profit margins (39.1%) are higher than last year (33.7%).


Past Earnings Growth Analysis

Earnings Trend: NFBK's earnings have grown by 17.7% per year over the past 5 years.

Accelerating Growth: NFBK's earnings growth over the past year (29.3%) exceeds its 5-year average (17.7% per year).

Earnings vs Industry: NFBK earnings growth over the past year (29.3%) exceeded the Mortgage industry 6.7%.


Return on Equity

High ROE: NFBK's Return on Equity (9.2%) is considered low.


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Financial Health

How is Northfield Bancorp (Staten Island NY)'s financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: NFBK's Assets to Equity ratio (7.7x) is low.

Allowance for Bad Loans: NFBK has a sufficient allowance for bad loans (481%).

Low Risk Liabilities: 90% of NFBK's liabilities are made up of primarily low risk sources of funding.

Loan Level: NFBK has an appropriate level of Loans to Assets ratio (70%).

Low Risk Deposits: NFBK's Loans to Deposits ratio (90%) is appropriate.

Level of Bad Loans: NFBK has an appropriate level of bad loans (0.2%).


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Dividend

What is Northfield Bancorp (Staten Island NY) current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


4.02%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: NFBK's dividend (4.02%) is higher than the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: NFBK's dividend (4.02%) is low compared to the top 25% of dividend payers in the US market (4.24%).


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

Earnings Coverage: With its reasonably low payout ratio (37.6%), 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 well covered by earnings (43.5% payout ratio).


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Management

How experienced are the management team and are they aligned to shareholders interests?

7.0yrs

Average management tenure


CEO

Steve Klein (55 yo)

9.33yrs

Tenure

US$1,466,249

Compensation

Mr. Steven M. Klein, also known as Steve, CPA, has been the President of Northfield Bancorp, Inc. (Staten Island, NY) and Northfield Bank since February 01, 2013. He has been Chief Executive Officer of Nor...


CEO Compensation Analysis

Compensation vs Market: Steve's total compensation ($USD1.47M) is below average for companies of similar size in the US market ($USD4.02M).

Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: NFBK's management team is seasoned and experienced (7 years average tenure).


Board Members

Experienced Board: NFBK's board of directors are considered experienced (8.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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 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
  • Implied Market Cap: US$631.742m
  • Shares outstanding: 48.90m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.