Northfield Bancorp downgraded by DA Davidson with a new price target
$NFBK
Savings Institutions
Finance
DA Davidson downgraded Northfield Bancorp from Buy to Neutral and set a new price target of $19.00 from $20.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/2/2025 | $14.00 | Neutral → Overweight | Piper Sandler |
| 12/15/2021 | Buy → Neutral | DA Davidson | |
| 12/15/2021 | $20.00 → $19.00 | Buy → Neutral | DA Davidson |
| 9/27/2021 | $18.00 | Overweight → Neutral | Piper Sandler |
WOODBRIDGE, N.J., July 16, 2024 (GLOBE NEWSWIRE) -- Northfield Bank, wholly-owned subsidiary of Northfield Bancorp, Inc. (NASDAQ:NFBK), announced today that Steven M. Klein, President and Chief Executive Officer, has been named to the Board of Directors of the Federal Home Loan Bank of New York (the "FHLBNY"). Mr. Klein stated, "The FHLBNY has stood strong for nearly a century, and I am honored to join the Board and work closely with my fellow Directors to support the FHLBNY's commitment to our Members and the communities we serve." Mr. Klein serves as Chairman, President and Chief Executive Officer of FHLBNY member Northfield Bank. Mr. Klein is responsible for leading strategic planning
NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S
WOODBRIDGE, N.J., Jan. 24, 2024 (GLOBE NEWSWIRE) -- NORTHFIELD BANCORP, INC. (NASDAQ:NFBK) (the "Company'), today announced that its Boards of Directors appointed Dr. Rachana A. Kulkarni as a director of both the Company and Northfield Bank effective February 1, 2024. Steven M. Klein, Chairman and CEO commented, "I'm pleased to announce that our Boards, under the leadership of its Nominating and Corporate Governance Committee, have appointed an esteemed and well-respected individual in Dr. Kulkarni. Rachana's diverse skills, life experiences, and contributions to her community, will play a key role in our continued development and growth." Dr. Kulkarni is President and Managing Partner o
NOTABLE ITEMS FOR THE QUARTER INCLUDE: DILUTED EARNINGS PER SHARE WERE $0.19 FOR THE CURRENT QUARTER COMPARED TO $0.27 FOR THE TRAILING QUARTER, AND $0.15 FOR THE FIRST QUARTER OF 2024. Fourth Quarter 2024 earnings included a gain of $3.4 million, or $0.06 per share, on the sale and consolidation of a branch in December 2024. NET INTEREST MARGIN INCREASED TO 2.38% FOR THE CURRENT QUARTER AS COMPARED TO 2.18% FOR THE TRAILING QUARTER AND 2.03% FOR THE FIRST QUARTER OF 2024, REFLECTING LOWER FUNDING COSTS AND HIGHER YIELDS ON INTEREST-EARNING ASSETS.DEPOSITS (EXCLUDING BROKERED) INCREASED $133.6 MILLION, OR 13.8% ANNUALIZED, FROM DECEMBER 31, 2024. COST OF DEPOSITS AT MARC
NOTABLE ITEMS FOR THE QUARTER: DILUTED EARNINGS PER SHARE OF $0.27 FOR THE FOURTH QUARTER OF 2024, COMPARED TO $0.16 FOR THE TRAILING QUARTER, AND $0.19 FOR THE FOURTH QUARTER OF 2023. Fourth Quarter 2024 results included a gain of $0.06 per share on the sale and consolidation of a Staten Island branch in December 2024. NET INTEREST MARGIN INCREASED BY 10 BASIS POINTS TO 2.18% FOR THE CURRENT QUARTER, AS COMPARED TO 2.08% FOR THE TRAILING QUARTER.THE AVERAGE COST OF INTEREST-BEARING LIABILITIES DECREASED 10 BASIS POINTS TO 2.85% FOR THE CURRENT QUARTER AS COMPARED TO 2.95% FOR THE TRAILING QUARTER.DEPOSITS (EXCLUDING BROKERED) INCREASED BY $81.6 MILLION, OR 8.6% ANNUALIZED, COMPARED TO SEPT
NOTABLE ITEMS FOR THE QUARTER INCLUDE: DILUTED EARNINGS PER SHARE WERE $0.16 FOR THE CURRENT QUARTER COMPARED TO $0.14 FOR THE TRAILING QUARTER, AND $0.19 FOR THE THIRD QUARTER OF 2023. NET INTEREST MARGIN REMAINED RELATIVELY STABLE AT 2.08% FOR THE CURRENT QUARTER AS COMPARED TO 2.09% FOR THE TRAILING QUARTER.AVERAGE YIELD ON INTEREST-EARNING ASSETS DECREASED ONE BASIS POINT TO 4.38%, WHILE THE AVERAGE COST OF INTEREST-BEARING LIABILITIES REMAINED STABLE AT 2.95% FOR THE CURRENT QUARTER AS COMPARED TO THE TRAILING QUARTER. DEPOSITS (EXCLUDING BROKERED) DECREASED MODESTLY BY $5.1 MILLION, OR LESS THAN 1% ANNUALIZED, COMPARED TO JUNE 30, 2024, AND INCREASED $15.0 MILLION, OR 0.5% ANNUALIZED,
SC 13G/A - Northfield Bancorp, Inc. (0001493225) (Subject)
SC 13G/A - Northfield Bancorp, Inc. (0001493225) (Subject)
SC 13G/A - Northfield Bancorp, Inc. (0001493225) (Subject)
Piper Sandler upgraded Northfield Bancorp from Neutral to Overweight and set a new price target of $14.00
DA Davidson downgraded Northfield Bancorp from Buy to Neutral
DA Davidson downgraded Northfield Bancorp from Buy to Neutral and set a new price target of $19.00 from $20.00 previously
4 - Northfield Bancorp, Inc. (0001493225) (Issuer)
4 - Northfield Bancorp, Inc. (0001493225) (Issuer)
4 - Northfield Bancorp, Inc. (0001493225) (Issuer)
8-K - Northfield Bancorp, Inc. (0001493225) (Filer)
8-K - Northfield Bancorp, Inc. (0001493225) (Filer)
10-Q - Northfield Bancorp, Inc. (0001493225) (Filer)
4 - Northfield Bancorp, Inc. (0001493225) (Issuer)
4 - Northfield Bancorp, Inc. (0001493225) (Issuer)
4 - Northfield Bancorp, Inc. (0001493225) (Issuer)
NOTABLE ITEMS FOR THE QUARTER INCLUDE: DILUTED EARNINGS PER SHARE WERE $0.19 FOR THE CURRENT QUARTER COMPARED TO $0.27 FOR THE TRAILING QUARTER, AND $0.15 FOR THE FIRST QUARTER OF 2024. Fourth Quarter 2024 earnings included a gain of $3.4 million, or $0.06 per share, on the sale and consolidation of a branch in December 2024. NET INTEREST MARGIN INCREASED TO 2.38% FOR THE CURRENT QUARTER AS COMPARED TO 2.18% FOR THE TRAILING QUARTER AND 2.03% FOR THE FIRST QUARTER OF 2024, REFLECTING LOWER FUNDING COSTS AND HIGHER YIELDS ON INTEREST-EARNING ASSETS.DEPOSITS (EXCLUDING BROKERED) INCREASED $133.6 MILLION, OR 13.8% ANNUALIZED, FROM DECEMBER 31, 2024. COST OF DEPOSITS AT MARC
NOTABLE ITEMS FOR THE QUARTER: DILUTED EARNINGS PER SHARE OF $0.27 FOR THE FOURTH QUARTER OF 2024, COMPARED TO $0.16 FOR THE TRAILING QUARTER, AND $0.19 FOR THE FOURTH QUARTER OF 2023. Fourth Quarter 2024 results included a gain of $0.06 per share on the sale and consolidation of a Staten Island branch in December 2024. NET INTEREST MARGIN INCREASED BY 10 BASIS POINTS TO 2.18% FOR THE CURRENT QUARTER, AS COMPARED TO 2.08% FOR THE TRAILING QUARTER.THE AVERAGE COST OF INTEREST-BEARING LIABILITIES DECREASED 10 BASIS POINTS TO 2.85% FOR THE CURRENT QUARTER AS COMPARED TO 2.95% FOR THE TRAILING QUARTER.DEPOSITS (EXCLUDING BROKERED) INCREASED BY $81.6 MILLION, OR 8.6% ANNUALIZED, COMPARED TO SEPT
NOTABLE ITEMS FOR THE QUARTER INCLUDE: DILUTED EARNINGS PER SHARE WERE $0.16 FOR THE CURRENT QUARTER COMPARED TO $0.14 FOR THE TRAILING QUARTER, AND $0.19 FOR THE THIRD QUARTER OF 2023. NET INTEREST MARGIN REMAINED RELATIVELY STABLE AT 2.08% FOR THE CURRENT QUARTER AS COMPARED TO 2.09% FOR THE TRAILING QUARTER.AVERAGE YIELD ON INTEREST-EARNING ASSETS DECREASED ONE BASIS POINT TO 4.38%, WHILE THE AVERAGE COST OF INTEREST-BEARING LIABILITIES REMAINED STABLE AT 2.95% FOR THE CURRENT QUARTER AS COMPARED TO THE TRAILING QUARTER. DEPOSITS (EXCLUDING BROKERED) DECREASED MODESTLY BY $5.1 MILLION, OR LESS THAN 1% ANNUALIZED, COMPARED TO JUNE 30, 2024, AND INCREASED $15.0 MILLION, OR 0.5% ANNUALIZED,