Northfield Bancorp Experiences Revision in Its Stock Evaluation Amid Competitive Landscape

Northfield Bancorp, Inc. (New Jersey), a microcap player in the savings banks industry, has recently undergone a valuation adjustment. The company's financial metrics reveal a P/E ratio of 22, alongside a price-to-book value of 0.98. Its EV to EBIT stands at 42.46, while the EV to EBITDA is recorded at 33.64. Additionally, Northfield's EV to sales ratio is 5.52, and it has a PEG ratio of 7.52. Notably, the company boasts a remarkable dividend yield of 168.23%, although its return on capital employed (ROCE) and return on equity (ROE) are relatively modest at 2.33% and 4.44%, respectively.
In comparison to its peers, Northfield Bancorp's valuation metrics position it favorably within the industry. TrustCo Bank Corp. NY is rated lower, with a P/E of 14.54, while Southern Missouri Bancorp, Inc. and Kearny Financial Corp. also exhibit attractive valuations. However, Northfield's performance has lagged behind the S&P 500 over various time frames, including a year-to-date decline of 8.43% compared to the index's gain of 13.30%. This context highlights the competitive landscape in which Northfield operates, underscoring the importance of ongoing performance evaluation.