Northfield Bancorp (NFBK) AI Stock Analysis

• Market Cap: $496.75M
• Dividend Yield: 4.47%
• Average Volume (3M): 182.45K
• Price to Earnings (P/E): 15.2
• Beta (1Y): 1.22
• Revenue Growth: 10.00%
• EPS Growth: 2.81%
• Country: US
• Employees: 357
• Sector: Financial
• Sector Strength: 88
• Industry: Banks - Regional
• EPS (TTM): 0.76
• Shares Outstanding: 42,676,273
• 10 Day Avg. Volume: 169,330
• 30 Day Avg. Volume: 182,449
• PEG Ratio: 5.42
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 2.49
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: 5.20
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $13.00
• Price Target Upside: 11.68% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

Northfield Bancorp's strong equity position and reduced leverage enhance its financial resilience, making it a relatively stable investment. While positive stock momentum suggests potential for price appreciation, overbought indicators warrant caution. The valuation is fair, with an attractive dividend yield for income-seeking investors. However, the company should focus on improving cash flow consistency and operational efficiency to strengthen its financial outlook.

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 the interest income earned on loans and investments. The company extends various types of loans, including residential mortgages, commercial real estate loans, and consumer loans, which contribute significantly to its interest income. Additionally, Northfield Bancorp earns money from non-interest income sources, such as fees from deposit accounts, ATM transactions, and other banking services. The bank's earnings are further supported by its investment portfolio, which includes securities that generate interest income. Strategic partnerships with financial technology firms and other financial institutions may also enhance its service offerings, potentially driving additional revenue streams.

Northfield Bancorp Financial Statement Overview

Summary

Northfield Bancorp demonstrates solid financial stability with a strong equity position and reduced leverage, enhancing its financial resilience. While revenue growth and profitability are on an upward trend, inconsistent cash flow and profit margins highlight areas needing improvement. Continued focus on operational efficiency and cash flow management will be crucial for sustained financial health.

Income Statement

Northfield Bancorp shows a strong gross profit margin, consistently close to 100% due to the nature of the banking industry. The net profit margin has fluctuated, with a notable dip in 2024, potentially indicating increased costs or reduced efficiency. Revenue growth has been inconsistent, with a significant increase in 2024, suggesting a potential rebound. However, the lack of reported EBITDA and volatile EBIT margins across years indicate some instability in operational efficiency.

Balance Sheet

The balance sheet reflects strong equity composition, with a consistently high equity ratio above the industry norm, indicating financial stability. A noteworthy reduction in total debt over recent years enhances the financial health of the company. However, fluctuating return on equity suggests inconsistency in generating profits from shareholders' equity.

Cash Flow

Cash flow analysis reveals a volatile free cash flow growth rate, with significant fluctuations year-on-year. Operating cash flow to net income ratios are positive, indicating good cash generation relative to reported earnings. However, the free cash flow to net income ratio has been inconsistent, implying potential challenges in converting income into free cash flow.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
237.91M	136.56M	166.29M	170.10M	141.28M
	Gross Profit
237.91M	135.21M	166.29M	170.10M	141.28M
	EBIT
233.14M	51.76M	106.24M	97.13M	50.02M
	EBITDA
0.00	0.00	93.30M	105.61M	58.72M
	Net Income Common Stockholders
29.95M	37.67M	61.12M	70.65M	36.99M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.11B	809.35M	997.97M	1.30B	1.35B
	Total Assets
5.67B	5.60B	5.60B	5.43B	5.51B
	Total Debt
760.05M	836.20M	659.64M	411.61M	559.52M
	Net Debt
592.31M	606.69M	613.85M	320.54M	471.98M
	Total Liabilities
4.96B	4.90B	4.90B	411.61M	559.52M
	Stockholders Equity
704.70M	699.45M	701.39M	739.88M	753.98M
Cash Flow		Free Cash Flow
31.11M	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: 11.64
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

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 11.64 is above the 20-day moving average (MA) of 10.03, above the 50-day MA of 10.78, and above the 200-day MA of 11.57, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 70.63 is Negative, neither overbought nor oversold. The STOCH value of 92.02 is Negative, 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
NFBK	71 Outperform	$496.75M	15.22	4.48%	4.47%	10.00%	2.81%
FMNB	70 Outperform	$505.55M	10.46	11.69%	5.06%	6.53%	-11.21%
EBTC	68 Neutral	$486.15M	11.95	11.31%	2.48%	13.97%	12.00%
CCNE	67 Neutral	$439.33M	8.97	8.84%	3.25%	8.67%	―
CBNK	66 Neutral	$522.85M	12.63	12.19%	1.21%	18.85%	6.74%
Sector *	64 Neutral	$12.64B	9.74	8.05%	17044.60%	12.66%	-4.62%
ALRS	53 Neutral	$526.54M	17.01	6.30%	3.88%	40.15%	146.11%

Northfield Bancorp Corporate Events

Northfield Bancorp Approves Equity Awards for 2025

On January 24, 2025, Northfield Bancorp’s Board of Directors approved the granting of 238,008 restricted shares and 59,735 performance-based restricted stock units to directors and employees, as part of the 2019 Equity Incentive Plan. These equity awards are structured to vest over a three-year period, with specific performance conditions for executive officers, indicating a strategic effort to align employee performance with company goals.