NasdaqGS:NFBK

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Northfield Bancorp (Staten Island NY)

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. More Details


Snowflake Analysis

Flawless balance sheet with proven 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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.3%

NFBK

2.3%

US Mortgage

0.09%

US Market


1 Year Return

-38.2%

NFBK

-23.1%

US Mortgage

12.6%

US Market

Return vs Industry: NFBK underperformed the US Mortgage industry which returned -23.1% over the past year.

Return vs Market: NFBK underperformed the US Market which returned 12.6% over the past year.


Shareholder returns

NFBKIndustryMarket
7 Day0.3%2.3%0.09%
30 Day2.2%-2.2%-1.6%
90 Day-9.6%-26.3%7.9%
1 Year-36.0%-38.2%-20.9%-23.1%15.2%12.6%
3 Year-34.4%-39.9%12.4%2.7%38.9%29.6%
5 Year-26.6%-35.3%10.6%-4.0%87.6%66.5%

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

Valuation

Is Northfield Bancorp (Staten Island NY) undervalued compared to its fair value and its price relative to the market?

11.91x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NFBK ($9.84) is trading above our estimate of fair value ($6.21)

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 (11.9x) compared to the US Mortgage industry average (11.1x).

PE vs Market: NFBK is good value based on its PE Ratio (11.9x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: NFBK is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: NFBK is good value based on its PB Ratio (0.7x) compared to the US Mortgage industry average (0.8x).


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?

16.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NFBK's forecast earnings growth (16.9% per year) is above the savings rate (2.2%).

Earnings vs Market: NFBK's earnings (16.9% per year) are forecast to grow slower than the US market (23.2% per year).

High Growth Earnings: NFBK's earnings are forecast to grow, but not significantly.

Revenue vs Market: NFBK's revenue (5.1% per year) is forecast to grow slower than the US market (9.7% per year).

High Growth Revenue: NFBK's revenue (5.1% 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?

15.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NFBK has high quality earnings.

Growing Profit Margin: NFBK's current net profit margins (31.9%) are higher than last year (30.8%).


Past Earnings Growth Analysis

Earnings Trend: NFBK's earnings have grown by 15% per year over the past 5 years.

Accelerating Growth: NFBK's earnings growth over the past year (7.1%) is below its 5-year average (15% per year).

Earnings vs Industry: NFBK earnings growth over the past year (7.1%) exceeded the Mortgage industry 6.9%.


Return on Equity

High ROE: NFBK's Return on Equity (5.4%) is considered low.


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


Financial Institutions Analysis

Asset Level: NFBK's Assets to Equity ratio (7.1x) is low.

Allowance for Bad Loans: NFBK has a sufficient allowance for bad loans (394%).

Low Risk Liabilities: 84% 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 (98%) is appropriate.

Level of Bad Loans: NFBK has an appropriate level of bad loans (0.3%).


Next Steps

Dividend

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

4.47%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NFBK's dividend (4.47%) is higher than the bottom 25% of dividend payers in the US market (1.66%).

High Dividend: NFBK's dividend (4.47%) is low compared to the top 25% of dividend payers in the US market (4.7%).


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 reasonable payout ratio (53.3%), NFBK's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: NFBK's dividends in 3 years are forecast to be covered by earnings (51.7% payout ratio).


Next Steps

Management

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

4.6yrs

Average management tenure


CEO

Steve Klein (54 yo)

2.83yrs

Tenure

US$976,573

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 ($USD976.57K) is below average for companies of similar size in the US market ($USD1.99M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Steven Klein
President2.83yrsUS$976.57k0.87%
$ 4.6m
William Jacobs
Executive VP & CFO7.58yrsUS$522.75k0.14%
$ 732.7k
Michael Widmer
Executive VP & Director of Operations18.67yrsUS$458.22k0.095%
$ 494.3k
Tara French
Executive VP & Chief Administrative Officerno dataUS$492.48k0.029%
$ 151.6k
David Fasanella
Executive VP & Chief Lending Officer1.67yrsUS$454.50k0.043%
$ 223.8k
Damien Klein
Vice President of Marketing16.67yrsno datano data
Robin Lefkowitz
Executive VP4.58yrsUS$331.95k0.11%
$ 595.1k
M. Bergin
Senior VP & Corporate Secretaryno datano datano data
Daniel Greene
Senior Vice President of Northfield Bank and Commercial Banking Lead of Northfield Bank5.83yrsno datano data
Christopher Donohue
Senior Vice President of Northfield Bank3.5yrsno datano data
Kenneth Doherty
Senior Credit Advisor1.5yrsUS$488.81kno data

4.6yrs

Average Tenure

54yo

Average Age

Experienced Management: NFBK's management team is considered experienced (4.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Steven Klein
President2.83yrsUS$976.57k0.87%
$ 4.6m
Annette Catino
Lead Independent Directorno dataUS$99.28k0.52%
$ 2.7m
Albert Regen
Director Emeritusno dataUS$2.00mno data
John Alexander
Chairman of the Board18.67yrsUS$144.45k0.59%
$ 3.1m
Patrick Ryan
Independent Director4.67yrsUS$91.52k0.43%
$ 2.2m
Frank Patafio
Independent Director7yrsUS$116.68k0.46%
$ 2.4m
Gil Chapman
Independent Director15.67yrsUS$99.58k0.12%
$ 633.2k
Stanley Applebaum
Director Emeritusno dataUS$520.28kno data
John Connors
Independent Director18.67yrsUS$106.68k0.33%
$ 1.7m
Paul Stahlin
Independent Director1.67yrsUS$76.90k0.062%
$ 323.2k
Timothy Harrison
Independent Director7yrsUS$115.18k0.097%
$ 506.9k
Karen Kessler
Independent Director7yrsUS$101.98k0.092%
$ 480.6k

7.0yrs

Average Tenure

65yo

Average Age

Experienced Board: NFBK's board of directors are considered experienced (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 bought more shares than they have sold 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 8.2%.


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$522.760m
  • Shares outstanding: 53.13m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NFBKNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDNov 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. I ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/20 06:33
End of Day Share Price2020/09/18 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.