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

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 annualized dividend 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 payout ratio of 51.5% meaning its dividend is sufficiently covered by earnings. Research 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 %

Shares of Northfield Bancorp, Inc. (Staten Island, NY) stock opened at $8.29 on Friday. The stock has a market capitalization of $368.57 million, a price-to-earnings ratio of 11.05 and a beta of 0.68. Northfield Bancorp, Inc. has a twelve month low of $7.99 and a twelve month high of $13.48. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.28. The business’s 50 day simple moving average is $9.46 and its 200-day simple moving average is $10.35.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last released its quarterly earnings results on Wednesday, April 24th. The bank reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $62.03 million during the quarter, compared to the consensus estimate of $30.93 million. Equities research analysts forecast that Northfield Bancorp, Inc. will post 0.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on NFBK shares. Keefe, Bruyette & Woods reduced their price objective on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $12.00 to $11.00 and set a “market perform” rating for the company in a research report on Friday, April 5th. TheStreet lowered shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “b-” rating to a “c+” rating in a 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.