Northfield Bancorp to Be Acquired by Columbia Financial

Northfield Bancorp ( (NFBK) ) has provided an update.

On January 31, 2026, Northfield Bancorp entered into a merger agreement under which it will be acquired by Columbia Financial, Inc., concurrent with Columbia’s conversion from a mutual holding company to a fully public stock holding company through a second-step conversion. The stock-and-cash transaction, valued at about $597 million and announced publicly on February 2, 2026, will see Northfield merge into a new Columbia holding company following completion of the conversion, with Northfield shareholders able to elect cash or stock within set limits tied to an independent valuation, and Northfield Bank to be folded into Columbia Bank; the combined group is expected to become the third-largest regional bank headquartered in New Jersey with pro forma assets of $18 billion and projected strong earnings accretion, while governance will be reshaped to add four Northfield directors and install Northfield CEO Steven M. Klein as COO. The deal, unanimously approved by both boards and targeted to close in early third quarter 2026 subject to regulatory, depositor and shareholder approvals, also provides for the accelerated vesting or conversion of Northfield equity awards and includes settlement agreements entered on January 31, 2026 that terminate the employment contracts of Klein and four other senior executives at closing in exchange for lump-sum payments and, in Klein’s case, post-employment non-compete and non-solicitation restrictions, underscoring a planned leadership transition and integration of Northfield’s franchise into Columbia’s broader regional platform.

The most recent analyst rating on (NFBK) stock is a Buy with a $13.00 price target. To see the full list of analyst forecasts on Northfield Bancorp stock, see the NFBK Stock Forecast page.

Spark’s Take on NFBK Stock

According to Spark, TipRanks’ AI Analyst, NFBK is a Neutral.

The score is driven mainly by moderate financial performance (improving margins but weaker multi-year profitability and declining free cash flow growth). Valuation is a notable positive due to the reasonable P/E and strong dividend yield, while technical indicators are mixed and corporate news is supportive but not dominant.

To see Spark’s full report on NFBK stock, click here.

More about Northfield Bancorp

Northfield Bancorp, Inc. is the parent holding company for Northfield Bank, a community-focused institution founded in 1887 that operates 37 full-service branches across Staten Island and Brooklyn, New York, and several counties in New Jersey, offering traditional banking services to consumers and businesses in its regional markets.

Average Trading Volume: 182,457

Technical Sentiment Signal: Buy

Current Market Cap: $515.1M

See more insights into NFBK stock on TipRanks’ Stock Analysis page.