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

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) declared a quarterly dividend on Wednesday, January 22nd,Wall Street Journal reports. Shareholders of record on Wednesday, February 5th will be given a dividend of 0.13 per share by the bank on Wednesday, February 19th. This represents a $0.52 annualized dividend and a yield of 4.46%. The ex-dividend date is Wednesday, February 5th.

Northfield Bancorp, Inc. (Staten Island, NY) has increased its dividend payment by an average of 1.3% per year over the last three years. Northfield Bancorp, Inc. (Staten Island, NY) has a dividend payout ratio of 40.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Northfield Bancorp, Inc. (Staten Island, NY) to earn $1.10 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 47.3%.

Northfield Bancorp, Inc. (Staten Island, NY) Price Performance

Northfield Bancorp, Inc. (Staten Island, NY) stock traded down $0.22 during midday trading on Friday, reaching $11.66. 115,932 shares of the stock traded hands, compared to its average volume of 154,082. The stock’s fifty day moving average is $12.36 and its 200-day moving average is $11.97. Northfield Bancorp, Inc. has a 12 month low of $6.98 and a 12 month high of $14.39. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.50. The stock has a market cap of $500.21 million, a P/E ratio of 16.19 and a beta of 0.80.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last posted its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.03. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.13% and a net margin of 11.76%. As a group, equities research analysts anticipate that Northfield Bancorp, Inc. will post 0.95 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NFBK shares. StockNews.com upgraded shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Keefe, Bruyette & Woods upped their price objective on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $14.25 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

Insider Transactions at Northfield Bancorp, Inc. (Staten Island, NY)

In other Northfield Bancorp, Inc. (Staten Island, NY) news, Director Annette Catino sold 22,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $13.12, for a total transaction of $288,640.00. Following the completion of the sale, the director now directly owns 225,653 shares in the company, valued at approximately $2,960,567.36. The trade was a 8.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.48% of the company’s stock.

About Northfield Bancorp, Inc. (Staten Island, NY)

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.