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

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) declared a quarterly dividend on Wednesday, April 24th, Zacks reports. Shareholders of record on Wednesday, May 8th will be paid 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 raised 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 Performance

Shares of NASDAQ NFBK opened at $8.29 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.12 and a quick ratio of 1.12. The stock’s fifty day moving average price is $9.46 and its two-hundred day moving average price is $10.35. Northfield Bancorp, Inc. has a one year low of $7.99 and a one year high of $13.48. The firm has a market cap of $368.57 million, a price-to-earnings ratio of 11.05 and a beta of 0.68.

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

Analyst Ratings Changes

NFBK has been the topic of several analyst reports. Keefe, Bruyette & Woods reduced their target price on Northfield Bancorp, Inc. (Staten Island, NY) from $12.00 to $11.00 and set a “market perform” rating on the stock in a report on Friday, April 5th. TheStreet downgraded Northfield Bancorp, Inc. (Staten Island, NY) from a “b-” rating to a “c+” rating in a research report 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.