Northfield Bancorp (NFBK) AI Stock Analysis

• Market Cap: $500.89M
• Dividend Yield: 4.34%
• Average Volume (3M): 167.52K
• Price to Earnings (P/E): 13.5
• Beta (1Y): 1.20
• Revenue Growth: 7.66%
• EPS Growth: 28.75%
• Country: US
• Employees: 357
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.24
• Shares Outstanding: 41,810,524
• 10 Day Avg. Volume: 139,566
• 30 Day Avg. Volume: 167,520
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 2.74
• Enterprise Value/Revenue: 5.44
• Enterprise Value/Gross Profit: 11.01
• Enterprise Value/Ebitda: 26.96
• 1Y Price Target: $12.25
• Price Target Upside: 2.25% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 74 Outperform
• Price Target: $12.50 ▲(4.34% Upside)

Northfield Bancorp's overall stock score is driven by solid financial performance and a strong valuation, supported by recent positive corporate events. The technical analysis presents a neutral outlook, with no significant momentum. The absence of earnings call data limits further insights.

Positive Factors

Strong Financial Results

The increase in net income and earnings per share indicates robust financial health and effective management, supporting long-term profitability and shareholder value.

Conservative Balance Sheet

A conservative balance sheet with moderate leverage enhances financial stability and resilience, providing a strong foundation for future growth and risk management.

Improved Asset Quality

Enhanced asset quality reduces credit risk and supports sustainable earnings, while the stock repurchase plan reflects confidence in the company's financial position and future prospects.

Negative Factors

Inconsistent Revenue Growth

Inconsistent revenue growth can hinder long-term planning and investment, potentially impacting the company's ability to capitalize on market opportunities and maintain competitive positioning.

Lower Free Cash Flow Conversion

Lower free cash flow conversion may challenge the company's ability to fund operations and growth initiatives, affecting financial flexibility and long-term sustainability.

Moderate Profitability

Moderate profitability limits the company's ability to generate high returns for shareholders, potentially affecting its attractiveness as an investment and its capacity to reinvest in growth.

Northfield Bancorp Business Overview & Revenue Model

Company Description

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. In addition, it purchases various investment securities, such as mortgage-backed securities and corporate bonds; and deposits funds in other financial institutions, as well as holds mortgage loans, mortgage-backed securities, and other investments. As of December 31, 2021, the company operated 38 full-service banking offices in Staten Island and Brooklyn, New York; and Hunterdon, Middlesex, Mercer, and Union counties, New Jersey. Northfield Bancorp, Inc. (Staten Island, NY) was founded in 1887 and is headquartered in Woodbridge, New Jersey.

How the Company Makes Money

Northfield Bancorp generates revenue primarily through interest income from loans and interest-earning assets. The company's key revenue streams include interest on residential and commercial mortgage loans, consumer loans, and investment securities. Additionally, NFBK earns non-interest income from various sources such as service fees associated with deposit accounts, wealth management services, and transaction-based fees. The bank's ability to manage its interest rate spread effectively is crucial for profitability. Furthermore, partnerships with local businesses and community organizations enhance its service offerings and customer base, contributing to its overall earnings.

Northfield Bancorp Financial Statement Overview

Summary

Northfield Bancorp demonstrates solid profitability and a conservative balance sheet typical of regional banks, with a stable capital structure. Despite challenges in revenue growth, the company maintains healthy margins and cash flow ratios, indicating sound financial health. Potential risks include inconsistent revenue and lower free cash flow conversion.

Income Statement

The TTM data shows a stable gross profit margin at 71.24%, while the net profit margin is healthy at 14.45%. Revenue growth is inconsistent, with a decrease from the previous period. The EBIT margin remains solid at 18.89%, but EBITDA margin data is not available for prior periods, making trend analysis difficult.

Balance Sheet

The company's debt-to-equity ratio is moderate at 1.13, indicating a balanced approach to leverage. Return on equity is 4.44%, reflecting moderate profitability. The equity ratio of 12.45% suggests a conservative capital structure, typical for regional banks.

Cash Flow

Free cash flow growth is strong, with a TTM increase of 17.96%. The operating cash flow to net income ratio is 1.15, indicating good cash conversion. However, the free cash flow to net income ratio is slightly lower at 1.12, presenting potential challenges in maintaining cash flow stability.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	251.33M	220.69M	187.67M	186.75M	179.62M
Gross Profit	123.34M	135.21M	161.81M	175.98M	128.54M
EBITDA	48.80M	60.29M	93.30M	105.61M	58.72M
Net Income	29.95M	37.67M	61.12M	70.65M	36.99M
Balance Sheet
Total Assets	5.67B	5.60B	5.60B	5.43B	5.51B
Cash, Cash Equivalents and Short-Term Investments	1.27B	1.02B	997.97M	1.30B	1.35B
Total Debt	760.05M	861.20M	684.64M	461.61M	634.52M
Total Liabilities	4.96B	4.90B	4.90B	4.69B	4.76B
Stockholders Equity	704.70M	699.45M	701.39M	739.88M	753.98M
Cash Flow
Free Cash Flow	29.95M	43.37M	80.78M	63.12M	52.16M
Operating Cash Flow	31.11M	46.97M	83.33M	64.76M	55.21M
Investing Cash Flow	-118.49M	193.87M	-280.21M	85.00M	-131.93M
Financing Cash Flow	25.62M	-57.13M	151.61M	-146.23M	16.44M

Northfield Bancorp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 11.98
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NFBK, the sentiment is Positive. The current price of 11.98 is above the 20-day moving average (MA) of 11.62, above the 50-day MA of 11.34, and above the 200-day MA of 11.30, indicating a bullish trend. The MACD of 0.19 indicates Negative momentum. The RSI at 61.23 is Neutral, neither overbought nor oversold. The STOCH value of 34.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NFBK.

Northfield Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TCBX	79 Outperform	$552.37M	13.28	12.21%	―	10.44%	62.82%
CCNE	75 Outperform	$767.83M	10.87	9.27%	2.76%	7.40%	2.01%
BSVN	75 Outperform	$463.71M	10.46	20.97%	1.97%	-2.96%	37.09%
NFBK	74 Outperform	$500.89M	13.48	5.02%	4.34%	7.66%	28.75%
BHB	72 Outperform	$530.52M	12.36	8.70%	3.78%	2.52%	-5.20%
NPB	70 Outperform	$634.03M	―		0.28%	―	―
Sector *	68 Neutral	$18.10B	11.52	9.93%	3.73%	9.70%	1.14%

Northfield Bancorp Corporate Events

Northfield Bancorp Reports Strong Q2 2025 Financial Results

Northfield Bancorp, Inc. reported strong financial results for the second quarter of 2025, with a notable increase in net income and earnings per share compared to previous periods. The company achieved a higher net interest margin due to lower funding costs and increased yields on interest-earning assets, alongside improved asset quality and successful completion of a stock repurchase plan. A quarterly cash dividend was declared, reflecting the company’s robust capital management and strategic initiatives.

Northfield Bancorp Holds Annual Stockholders Meeting

On May 28, 2025, Northfield Bancorp, Inc. held its Annual Meeting of Stockholders, where several key decisions were made. The stockholders voted on the election of directors, with Gil Chapman, Steven M. Klein, Frank P. Patafio, and Paul V. Stahlin being elected for varying terms. Additionally, an advisory resolution to approve executive compensation was passed, and it was decided that future stockholder votes on executive compensation will be held annually. The appointment of Crowe LLP as the independent registered public accounting firm for 2025 was also ratified.

Northfield Bancorp Prepares for Annual Stockholders Meeting

On May 28, 2025, Northfield Bancorp will hold its Annual Meeting of Stockholders, where a slideshow discussing the company’s financial performance will be presented. The slideshow will be accessible on the company’s website from May 27, 2025, for 30 days, providing stakeholders with insights into the company’s financial status.