Snowflake Score | |
---|---|
Valuation | 4/6 |
Future Growth | 0/6 |
Past Performance | 5/6 |
Financial Health | 6/6 |
Dividends | 4/6 |
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
Historical stock prices | |
---|---|
Current Share Price | US$12.92 |
52 Week High | US$18.41 |
52 Week Low | US$11.87 |
Beta | 0.68 |
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 IPO | 73.45% |
Recent News & Updates
Shareholder Returns
NFBK | US Mortgage | US Market | |
---|---|---|---|
7D | 7.7% | 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
NFBK volatility | |
---|---|
NFBK Average Weekly Movement | 3.5% |
Mortgage Industry Average Movement | 3.7% |
Market Average Movement | 8.1% |
10% most volatile stocks in US Market | 16.6% |
10% least volatile stocks in US Market | 3.2% |
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
Founded | Employees | CEO | Website |
---|---|---|---|
1887 | 385 | Steve Klein | https://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
NFBK fundamental statistics | |
---|---|
Market Cap | US$631.74m |
Earnings (TTM) | US$66.10m |
Revenue (TTM) | US$169.28m |
9.6x
P/E Ratio0.9x
P/B RatioIs NFBK overvalued?
See Fair Value and valuation analysisEarnings & Revenue
NFBK income statement (TTM) | |
---|---|
Revenue | US$169.28m |
Cost of Revenue | US$0 |
Gross Profit | US$169.28m |
Other Expenses | US$103.18m |
Earnings | US$66.10m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
Earnings per share (EPS) | 1.35 |
Gross Margin | 100.00% |
Net Profit Margin | 39.05% |
Debt/Equity Ratio | 56.0% |
How did NFBK perform over the long term?
See historical performance and comparisonDividends
4.0%
Current Dividend Yield38%
Payout RatioValuation
Is NFBK undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
4/6Valuation 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.
What is NFBK's n/a Ratio? | |
---|---|
n/a Ratio | 0x |
n/a | n/a |
Market Cap | US$631.74m |
Key Statistics | |
---|---|
Enterprise Value/Revenue | n/a |
Enterprise Value/EBITDA | n/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 |
---|
Company | PE | Estimated Growth | Market Cap |
---|---|---|---|
Peer Average | 9.3x | ||
LBC Luther Burbank | 7.4x | -6.5% | US$685.1m |
HIFS Hingham Institution for Savings | 9.6x | n/a | US$604.9m |
KRNY Kearny Financial | 10x | -14.4% | US$747.0m |
BWB Bridgewater Bancshares | 10.2x | 11.7% | 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.
Fair Ratio | |
---|---|
Current PE Ratio | 9.6x |
Fair PE Ratio | 10.3x |
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
0/6Future 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
5/6Past 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
6/6Financial 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
4/6Dividend 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
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2022/06/26 00:00 |
End of Day Share Price | 2022/06/24 00:00 |
Earnings | 2022/03/31 |
Annual Earnings | 2021/12/31 |
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.