Northfield Bancorp (Staten Island NY)
Market Cap
US$871.1m
Last Updated
2021/05/13 23:42 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 services primarily to individuals and corporate customers. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 0.3% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet with solid track record and pays a dividend.
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 is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: NFBK's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
0.9%
NFBK
-13.0%
US Mortgage
-2.8%
US Market
1 Year Return
72.6%
NFBK
55.2%
US Mortgage
49.4%
US Market
Return vs Industry: NFBK exceeded the US Mortgage industry which returned 55.2% over the past year.
Return vs Market: NFBK exceeded the US Market which returned 49.4% over the past year.
Shareholder returns
| NFBK | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.9% | -13.0% | -2.8% |
| 30 Day | 6.3% | -12.7% | -2.3% |
| 90 Day | 25.4% | -11.6% | -1.3% |
| 1 Year | 79.3%72.6% | 59.6%55.2% | 51.8%49.4% |
| 3 Year | 15.0%4.4% | 27.9%17.6% | 57.5%47.6% |
| 5 Year | 27.7%11.1% | 71.7%47.4% | 121.7%97.1% |
Long-Term 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
6 days ago | Simply Wall St
Is It Smart To Buy Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Before It Goes Ex-Dividend?1 week ago | Simply Wall St
Northfield Bancorp, Inc. (Staten Island, NY) Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year1 month ago | Simply Wall St
What Type Of Shareholders Make Up Northfield Bancorp, Inc. (Staten Island, NY)'s (NASDAQ:NFBK) Share Registry?Valuation
Is Northfield Bancorp (Staten Island NY) undervalued compared to its fair value and its price relative to the market?
0.08%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NFBK ($16.98) is trading below our estimate of fair value ($16.99)
Significantly Below Fair Value: NFBK is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: NFBK is poor value based on its PE Ratio (16.4x) compared to the US Mortgage industry average (12.6x).
PE vs Market: NFBK is good value based on its PE Ratio (16.4x) compared to the US market (19.5x).
Price to Earnings Growth Ratio
PEG Ratio: NFBK's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: NFBK is overvalued based on its PB Ratio (1.2x) compared to the US Mortgage industry average (1x).
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?
-0.3%
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 (-0.3% per year).
Earnings vs Market: NFBK's earnings are forecast to decline over the next 3 years (-0.3% per year).
High Growth Earnings: NFBK's earnings are forecast to decline over the next 3 years.
Revenue vs Market: NFBK's revenue is expected to decline over the next 3 years (-0.02% per year).
High Growth Revenue: NFBK's revenue is forecast to decline over the next 3 years (-0.02% 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 (7.7%).
Past Performance
How has Northfield Bancorp (Staten Island NY) performed over the past 5 years?
12.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NFBK has high quality earnings.
Growing Profit Margin: NFBK's current net profit margins (33.7%) are higher than last year (31.5%).
Past Earnings Growth Analysis
Earnings Trend: NFBK's earnings have grown by 12.6% per year over the past 5 years.
Accelerating Growth: NFBK's earnings growth over the past year (41.9%) exceeds its 5-year average (12.6% per year).
Earnings vs Industry: NFBK earnings growth over the past year (41.9%) exceeded the Mortgage industry 21.5%.
Return on Equity
High ROE: NFBK's Return on Equity (6.8%) is considered low.
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
Financial Institutions Analysis
Asset Level: NFBK's Assets to Equity ratio (7.4x) is low.
Allowance for Bad Loans: NFBK has a sufficient allowance for bad loans (127%).
Low Risk Liabilities: 86% 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 (94%) is appropriate.
Level of Bad Loans: NFBK has an appropriate level of bad loans (0.8%).
Dividend
What is Northfield Bancorp (Staten Island NY) current dividend yield, its reliability and sustainability?
3.06%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NFBK's dividend (3.06%) is higher than the bottom 25% of dividend payers in the US market (1.28%).
High Dividend: NFBK's dividend (3.06%) is low compared to the top 25% of dividend payers in the US market (3.48%).
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 (44.5%), 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 (44.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.7yrs
Average management tenure
CEO
Steve Klein (54 yo)
3.5yrs
Tenure
US$1,291,361
Compensation
Mr. Steven M. Klein, also known as Steve, CPA, has been the President of Northfield Bancorp, Inc. and Northfield Bank since February 01, 2013 and has been its CEO since 2018. He is responsible for strategi...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD1.29M) is below average for companies of similar size in the US market ($USD2.44M).
Compensation vs Earnings: Steve's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: NFBK's management team is considered experienced (4.7 years average tenure).
Board Members
Experienced Board: NFBK's board of directors are considered experienced (7.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NFBK insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.1%.
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$871.129m
- Shares outstanding: 51.30m
- 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
Biography
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 var...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/13 23:42 |
| End of Day Share Price | 2021/05/13 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
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.