Northfield Bancorp, Inc. (NFBK, Financial) has reported a tangible book value of $15.70 per share for the first quarter. This performance underscores the company's dedication to strengthening its financial foundation and enhancing shareholder value. The firm, under the leadership of Chairman and CEO Steven Klein, has focused on strategic growth efforts and capital deployment to achieve robust financial results.
During the quarter, Northfield Bancorp worked on reducing funding costs while increasing the returns on its interest-earning assets, leading to improved net interest income and margins. This strategy signifies their commitment to maintaining a strong financial posture and operational efficiency.
The company also continues to prioritize serving its community, with a focus on managing operating expenses prudently. The firm is dedicated to upholding strong asset quality and effectively managing capital through dividends and stock repurchase initiatives. This approach highlights Northfield Bancorp's ongoing effort to sustain long-term growth and stability.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for Northfield Bancorp Inc (NFBK, Financial) is $12.50 with a high estimate of $13.00 and a low estimate of $12.00. The average target implies an upside of 25.75% from the current price of $9.94. More detailed estimate data can be found on the Northfield Bancorp Inc (NFBK) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, Northfield Bancorp Inc's (NFBK, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Northfield Bancorp Inc (NFBK, Financial) in one year is $13.19, suggesting a upside of 32.7% from the current price of $9.94. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Northfield Bancorp Inc (NFBK) Summary page.
