NasdaqGS:NFBK

Stock Analysis Report

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.

Snowflake

Fundamentals

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

0.2%

NFBK

-0.04%

US Mortgage

0.7%

US Market


1 Year Return

23.6%

NFBK

18.8%

US Mortgage

13.7%

US Market

Return vs Industry: NFBK exceeded the US Mortgage industry which returned 18.8% over the past year.

Return vs Market: NFBK exceeded the US Market which returned 13.7% over the past year.


Shareholder returns

NFBKIndustryMarket
7 Day0.2%-0.04%0.7%
30 Day1.6%3.1%4.7%
90 Day9.5%9.1%6.1%
1 Year27.1%23.6%21.3%18.8%16.2%13.7%
3 Year-1.0%-8.0%34.7%25.3%48.8%39.2%
5 Year34.2%20.0%73.3%54.6%62.5%44.5%

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?

19.83x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NFBK ($16.98) is trading above our estimate of fair value ($4.31)

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 (19.8x) compared to the Mortgage industry average (14.5x).

PE vs Market: NFBK is poor value based on its PE Ratio (19.8x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: NFBK is poor value based on its PEG Ratio (10.6x)


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 3 analysts?

1.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NFBK's forecast earnings growth (1.9% per year) is below the savings rate (2.7%).

Earnings vs Market: NFBK's earnings (1.9% per year) are forecast to grow slower than the US market (14.4% per year).

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

Revenue vs Market: NFBK's revenue (4.7% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: NFBK's revenue (4.7% 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 (5.9%).


Next Steps

Past Performance

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

15.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NFBK has a high level of non-cash earnings.

Growing Profit Margin: NFBK's current net profit margins (32.6%) are higher than last year (23.9%).


Past Earnings Growth Analysis

Earnings Trend: NFBK's earnings have grown by 15.4% per year over the past 5 years.

Accelerating Growth: NFBK's earnings growth over the past year (41%) exceeds its 5-year average (15.4% per year).

Earnings vs Industry: NFBK earnings growth over the past year (41%) exceeded the Mortgage industry 22.5%.


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 0.1x 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 (0.31%)


Next Steps

Dividend

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

2.59%

Current Dividend Yield


Dividend Yield vs Market

company2.6%marketbottom25%1.4%markettop25%3.6%industryaverage2.7%forecastin3Years2.7%

Current dividend yield vs market & industry

Notable Dividend: NFBK's dividend (2.59%) is higher than the bottom 25% of dividend payers in the US market (1.42%).

High Dividend: NFBK's dividend (2.59%) is low compared to the top 25% of dividend payers in the US market (3.65%).


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 (49%), 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 (62% payout ratio).


Next Steps

Management

What is the CEO of Northfield Bancorp (Staten Island NY)'s salary, the management and board of directors tenure and is there insider trading?

5.0yrs

Average management tenure


CEO

Steve Klein (53yo)

2yrs

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 since February 01, 2013 and its CEO since 2018. He s ...


CEO Compensation Analysis

Compensation vs Market: Steve's total compensation ($USD943.55K) is below average for companies of similar size in the US market ($USD2.62M).

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


Management Age and Tenure

5.0yrs

Average Tenure

56yo

Average Age

Experienced Management: NFBK's management team is seasoned and experienced (5 years average tenure).


Board Age and Tenure

6.2yrs

Average Tenure

62.5yo

Average Age

Experienced Board: NFBK's board of directors are considered experienced (6.2 years average tenure).


Insider Trading

Insider Buying: NFBK insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$84,79904 Nov 19
Patrick Ryan
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares5,000
Max PriceUS$16.96
SellUS$129,29620 Sep 19
Michael Widmer
EntityIndividual
Role
Chief Operating Officer
Executive VP of Operations
Shares8,081
Max PriceUS$16.00
SellUS$360,01513 Sep 19
John Alexander
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares22,330
Max PriceUS$16.12
SellUS$125,88613 Sep 19
Michael Widmer
EntityIndividual
Role
Chief Operating Officer
Executive VP of Operations
Shares7,784
Max PriceUS$16.17
SellUS$612,35212 Sep 19
John Alexander
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares38,211
Max PriceUS$16.09
SellUS$13,72209 Sep 19
John Alexander
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares863
Max PriceUS$15.91
SellUS$221,41701 Aug 19
John Alexander
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares13,926
Max PriceUS$15.91
SellUS$67,22730 Jul 19
William Jacobs
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares4,210
Max PriceUS$15.97
SellUS$320,52029 Jul 19
Michael Widmer
EntityIndividual
Role
Chief Operating Officer
Executive VP of Operations
Shares20,000
Max PriceUS$16.03
SellUS$91,45718 Jun 19
Patrick Scura
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares6,000
Max PriceUS$15.24
SellUS$68,48717 Jun 19
Frank Patafio
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares4,500
Max PriceUS$15.22
SellUS$62,45314 Jun 19
Michael Widmer
EntityIndividual
Role
Chief Operating Officer
Executive VP of Operations
Shares4,114
Max PriceUS$15.18
SellUS$29,78414 Jun 19
William Jacobs
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares1,953
Max PriceUS$15.25
SellUS$206,81414 Jun 19
Steven Klein
EntityIndividual
Role
Chief Executive Officer
President
Shares13,626
Max PriceUS$15.18
SellUS$11,73014 Jun 19
Robin Lefkowitz
EntityIndividual
Role
Head of Corporate Development
Executive VP of Business Development & Branch Administration
Shares769
Max PriceUS$15.25
SellUS$38,14307 Jun 19
Patrick Scura
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2,500
Max PriceUS$15.26
SellUS$30,40004 Jun 19
Robin Lefkowitz
EntityIndividual
Role
Head of Corporate Development
Executive VP of Business Development & Branch Administration
Shares2,000
Max PriceUS$15.20
SellUS$75,99904 Jun 19
Patrick Ryan
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares5,000
Max PriceUS$15.20
BuyUS$66,60031 May 19
Paul Stahlin
EntityIndividual
Shares4,500
Max PriceUS$14.80
SellUS$23,76829 May 19
William Jacobs
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares1,575
Max PriceUS$15.09
SellUS$23,75329 May 19
Michael Widmer
EntityIndividual
Role
Chief Operating Officer
Executive VP of Operations
Shares1,574
Max PriceUS$15.09
SellUS$66,50729 May 19
Steven Klein
EntityIndividual
Role
Chief Executive Officer
President
Shares4,406
Max PriceUS$15.09
SellUS$44,40028 May 19
Gil Chapman
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares3,000
Max PriceUS$14.80
SellUS$145,64019 Mar 19
Kenneth Doherty
EntityIndividual
Role
Consultant
Senior Credit Advisor
Shares10,000
Max PriceUS$14.56
BuyUS$7,25014 Mar 19
Paul Stahlin
EntityIndividual
Shares500
Max PriceUS$14.50
SellUS$73,00915 Feb 19
Robin Lefkowitz
EntityIndividual
Role
Head of Corporate Development
Executive VP of Business Development & Branch Administration
Shares5,000
Max PriceUS$14.65
SellUS$116,65807 Feb 19
Gil Chapman
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares8,000
Max PriceUS$14.58

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Michael Widmer (59yo)

    Executive VP of Operations

    • Tenure: 17.8yrs
    • Compensation: US$447.01k
  • Jim Hyman (73yo)

    Regional President for the Hopewell Valley Franchise

    • Tenure: 3.8yrs
  • Dan Greene

    Senior Vice President of Northfield Bank and Commercial Banking Lead of Northfield Bank

    • Tenure: 5yrs
  • Ken Doherty (61yo)

    Senior Credit Advisor

    • Tenure: 0.7yrs
    • Compensation: US$488.81k
  • Steve Klein (53yo)

    President

    • Tenure: 2yrs
    • Compensation: US$943.55k
  • Damien Kane

    Vice President of Marketing

    • Tenure: 15.8yrs
  • Robin Lefkowitz (52yo)

    Executive VP of Business Development & Branch Administration

    • Tenure: 3.8yrs
    • Compensation: US$331.95k
  • Bill Jacobs (45yo)

    Executive VP & CFO

    • Tenure: 6.8yrs
    • Compensation: US$510.71k
  • M. Bergin

    Senior VP & Corporate Secretary

    • Tenure: 9.8yrs
  • Tara French (56yo)

    Executive VP & Chief Administrative Officer

    • Tenure: 0yrs
    • Compensation: US$453.23k

Board Members

  • Annette Catino (62yo)

    Independent Director

    • Tenure: 16.8yrs
    • Compensation: US$89.20k
  • John Alexander (69yo)

    Chairman of the Board

    • Tenure: 17.8yrs
    • Compensation: US$202.27k
  • Patrick Ryan (69yo)

    Independent Director

    • Tenure: 3.8yrs
    • Compensation: US$85.83k
  • Frank Patafio (59yo)

    Independent Director

    • Tenure: 6.2yrs
    • Compensation: US$113.20k
  • Patrick Scura (74yo)

    Independent Director

    • Tenure: 13.8yrs
    • Compensation: US$99.20k
  • Steve Klein (53yo)

    President

    • Tenure: 2yrs
    • Compensation: US$943.55k
  • Gil Chapman (65yo)

    Independent Director

    • Tenure: 14.8yrs
    • Compensation: US$95.00k
  • John Connors (62yo)

    Lead Director

    • Tenure: 3.8yrs
    • Compensation: US$99.90k
  • Timothy Harrison (62yo)

    Independent Director

    • Tenure: 6.2yrs
    • Compensation: US$104.00k
  • Karen Kessler (63yo)

    Independent Director

    • Tenure: 6.2yrs
    • Compensation: US$99.60k

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$834.058m
  • Shares outstanding: 49.12m
  • 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 Analysis2019/11/18 00:14
End of Day Share Price2019/11/15 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.