Northfield Bancorp's New York Presence And Multifamily Portfolio To Raise Credit Quality Worries [Seeking Alpha]
Northfield Bancorp, Inc. (NFBK)
Last northfield bancorp, inc. earnings: 4/29 06:58 pm
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Source: Seeking Alpha
Earnings of Northfield Bancorp, Inc. (NFBKNew York's Lockdown, Multifamily Loan Portfolio to Drive Provisions ExpensesNFBK's provisions expenses will likely surge this year because of the COVID-19 pandemic and the lockdown. The company operates in the states of New York and New Jersey, which are hard-hit by the COVID-19 pandemic. New York, in particular, is theepicenter of the outbreaknews reportsMoreover, NFBK focuses on the multifamily loan segment, which made up around 64% of total loans at the end of 2019. The credit quality of this segment will suffer from heightened unemployment and risks of the financial insolvency of renters. Nearly a third of renters in the US did not pay rent for April, according toVSB Bancorp Acquisition to Drive Net Interest IncomeDue to the asset and liability mix, the decline in interest rates will affect the average yield slightly more than the average funding cost. Consequently, the net interest margin, NIM, will face slight pressure this year. The mul
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News
- Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ: NFBK) had its price target lowered by analysts at Piper Sandler from $13.00 to $11.00. They now have a "neutral" rating on the stock.MarketBeat
- Northfield Bancorp (Staten Island NY) (NASDAQ:NFBK) Has Announced A Dividend Of $0.13 [Yahoo! Finance]Yahoo! Finance
- Northfield Bancorp, Inc. Announces First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Northfield Bancorp, Inc. Announces First Quarter 2024 ResultsGlobeNewswire
- Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ: NFBK) had its price target lowered by analysts at Keefe, Bruyette & Woods from $12.00 to $11.00. They now have a "market perform" rating on the stock.MarketBeat
NFBK
Earnings
- 4/24/24 - Miss
NFBK
Analyst Actions
- 3/4/24 - TheStreet
NFBK
Sec Filings
- 5/10/24 - Form 10-Q
- 5/3/24 - Form 4
- 4/26/24 - Form 4/A
- NFBK's page on the SEC website