Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Declares Quarterly Dividend of $0.13

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) announced a quarterly dividend on Wednesday, April 24th, Zacks reports. Shareholders of record on Wednesday, May 8th will be given a dividend of 0.13 per share by the bank on Wednesday, May 22nd. This represents a $0.52 dividend on an annualized basis and a yield of 6.27%. The ex-dividend date is Tuesday, May 7th.

Northfield Bancorp, Inc. (Staten Island, NY) has increased its dividend by an average of 5.7% per year over the last three years. Northfield Bancorp, Inc. (Staten Island, NY) has a dividend payout ratio of 51.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Northfield Bancorp, Inc. (Staten Island, NY) to earn $1.03 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 50.5%.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Down 7.7 %

NFBK stock opened at $8.29 on Friday. Northfield Bancorp, Inc. has a 12-month low of $7.99 and a 12-month high of $13.48. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.28. The company has a market cap of $368.57 million, a price-to-earnings ratio of 11.05 and a beta of 0.68. The company has a 50 day moving average of $9.46 and a two-hundred day moving average of $10.35.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last released its earnings results on Wednesday, April 24th. The bank reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.66% and a net margin of 14.02%. The company had revenue of $62.03 million during the quarter, compared to analysts’ expectations of $30.93 million. On average, equities analysts anticipate that Northfield Bancorp, Inc. will post 0.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $12.00 to $11.00 and set a “market perform” rating on the stock in a research note on Friday, April 5th. TheStreet lowered shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “b-” rating to a “c+” rating in a research note on Friday, March 1st.

Northfield Bancorp, Inc. (Staten Island, NY) Company Profile

Northfield Bancorp, Inc (Staten Island, NY) operates as the bank holding company for Northfield Bank that provides various banking products and 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; and brokered deposits.