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 average dividend payer.


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


Market Performance


7 Day Return

-1.5%

NFBK

-0.08%

US Mortgage

-0.2%

US Market


1 Year Return

-1.6%

NFBK

4.6%

US Mortgage

1.1%

US Market

NFBK underperformed the Mortgage industry which returned 5% over the past year.

NFBK underperformed the Market in United States of America which returned 1.6% over the past year.


Share holder returns

NFBKIndustryMarket
7 Day-1.5%-0.08%-0.2%
30 Day0.7%4.5%2.5%
90 Day4.7%4.8%1.6%
1 Year1.3%-1.6%6.9%4.6%3.4%1.1%
3 Year4.9%-2.3%38.6%29.2%45.2%35.8%
5 Year29.0%15.5%69.1%51.1%62.6%44.8%

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

1 week ago | Simply Wall St

Should Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Be Part Of Your Dividend Portfolio?

Valuation

Is Northfield Bancorp (Staten Island NY) undervalued based on future cash flows and its price relative to the stock market?

20.53x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Northfield Bancorp (Staten Island NY)'s share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Northfield Bancorp (Staten Island NY)'s share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Northfield Bancorp (Staten Island NY) is overvalued based on earnings compared to the US Mortgage industry average.

Northfield Bancorp (Staten Island NY) is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Northfield Bancorp (Staten Island NY) is poor value based on expected growth next year.


Price Based on Value of Assets

Northfield Bancorp (Staten Island NY) is good value based on assets compared to the US Mortgage industry average.


Next Steps

Future Growth

How is Northfield Bancorp (Staten Island NY) expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

4.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Northfield Bancorp (Staten Island NY)'s revenue is expected to grow by 5.2% yearly, however this is not considered high growth (20% yearly).

Northfield Bancorp (Staten Island NY)'s earnings are expected to grow by 4.8% yearly, however this is not considered high growth (20% yearly).

Northfield Bancorp (Staten Island NY)'s revenue growth is positive but not above the United States of America market average.

Northfield Bancorp (Staten Island NY)'s earnings growth is positive but not above the United States of America market average.

Northfield Bancorp (Staten Island NY)'s earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Northfield Bancorp (Staten Island NY) is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

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

14.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Northfield Bancorp (Staten Island NY)'s year on year earnings growth rate has been positive over the past 5 years.

Northfield Bancorp (Staten Island NY)'s 1-year earnings growth exceeds its 5-year average (31.1% vs 14.3%)

Northfield Bancorp (Staten Island NY)'s earnings growth has not exceeded the US Mortgage industry average in the past year (31.1% vs 31.9%).


Return on Equity

Northfield Bancorp (Staten Island NY) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Northfield Bancorp (Staten Island NY) used its assets less efficiently than the US Mortgage industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Northfield Bancorp (Staten Island NY) improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


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

Information is not available.

Information is not available.


Financial Institutions Analysis

Northfield Bancorp (Staten Island NY) has an acceptable proportion of non-loan assets held.

Northfield Bancorp (Staten Island NY) has a sufficient allowance for bad loans.

Northfield Bancorp (Staten Island NY)'s liabilities are made up of primarily low risk sources of funding.

Northfield Bancorp (Staten Island NY)'s level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Northfield Bancorp (Staten Island NY) are broadly funded by customer deposits.

Northfield Bancorp (Staten Island NY) has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

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

2.94%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Northfield Bancorp (Staten Island NY)'s pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).

Northfield Bancorp (Staten Island NY)'s dividend is below the markets top 25% of dividend payers in United States of America (3.71%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.9x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.6x coverage).


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?

4.8yrs

Average management tenure


CEO

Steve Klein (53yo)

1.8yrs

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

Steve's remuneration is lower than average for companies of similar size in United States of America.

Steve's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

4.8yrs

Average Tenure

56yo

Average Age

The tenure for the Northfield Bancorp (Staten Island NY) management team is about average.


Board Age and Tenure

6.0yrs

Average Tenure

62.5yo

Average Age

The tenure for the Northfield Bancorp (Staten Island NY) board of directors is about average.


Insider Trading

Northfield Bancorp (Staten Island NY) individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

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
Director
Shares6,000
Max PriceUS$15.24
SellUS$68,48717 Jun 19
Frank Patafio
EntityIndividual
Role
Member of the Board of Directors
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
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
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
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
Director
Shares8,000
Max PriceUS$14.58
BuyUS$34,25113 Nov 18
Tara French
EntityIndividual
Role
Chief Administrative Officer
Executive VP & Chief Administrative Officer
Shares2,500
Max PriceUS$13.70
SellUS$27,50013 Nov 18
Robin Lefkowitz
EntityIndividual
Role
Head of Corporate Development
Executive VP of Business Development & Branch Administration
Shares2,000
Max PriceUS$13.75
BuyUS$79,18002 Nov 18
Annette Catino
EntityIndividual
Role
Member of the Board of Directors
Director
Shares6,000
Max PriceUS$13.20

Ownership Breakdown


Management Team

  • Michael Widmer (59yo)

    Executive VP of Operations

    • Tenure: 17.7yrs
    • Compensation: US$447.01k
  • Jim Hyman (73yo)

    Regional President for the Hopewell Valley Franchise

    • Tenure: 3.7yrs
  • Dan Greene

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

    • Tenure: 4.8yrs
  • Ken Doherty (61yo)

    Senior Credit Advisor

    • Tenure: 0.5yrs
    • Compensation: US$488.81k
  • Steve Klein (53yo)

    President

    • Tenure: 1.8yrs
    • Compensation: US$943.55k
  • Damien Kane

    Vice President of Marketing

    • Tenure: 15.7yrs
  • Robin Lefkowitz (52yo)

    Executive VP of Business Development & Branch Administration

    • Tenure: 3.6yrs
    • Compensation: US$331.95k
  • Bill Jacobs (45yo)

    Executive VP & CFO

    • Tenure: 6.6yrs
    • Compensation: US$510.71k
  • M. Bergin

    Senior VP & Corporate Secretary

    • Tenure: 9.7yrs
  • Tara French (56yo)

    Executive VP & Chief Administrative Officer

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

Board Members

  • Annette Catino (62yo)

    Director

    • Tenure: 16.7yrs
    • Compensation: US$89.20k
  • John Alexander (69yo)

    Chairman of the Board

    • Tenure: 17.7yrs
    • Compensation: US$202.27k
  • Patrick Ryan (69yo)

    Director

    • Tenure: 3.7yrs
    • Compensation: US$85.83k
  • Frank Patafio (59yo)

    Director

    • Tenure: 6yrs
    • Compensation: US$113.20k
  • Patrick Scura (74yo)

    Director

    • Tenure: 13.7yrs
    • Compensation: US$99.20k
  • Steve Klein (53yo)

    President

    • Tenure: 1.8yrs
    • Compensation: US$943.55k
  • Gil Chapman (65yo)

    Director

    • Tenure: 14.7yrs
    • Compensation: US$95.00k
  • John Connors (62yo)

    Lead Director

    • Tenure: 3.7yrs
    • Compensation: US$99.90k
  • Timothy Harrison (62yo)

    Director

    • Tenure: 6yrs
    • Compensation: US$104.00k
  • Karen Kessler (63yo)

    Director

    • Tenure: 6yrs
    • 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$776.096m
  • 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 Analysis2019/09/20 00:44
End of Day Share Price2019/09/19 00:00
Earnings2019/06/30
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.