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

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) declared a quarterly dividend on Wednesday, April 24th, Zacks reports. Investors 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 dividend yield of 5.77%. The ex-dividend date of this dividend 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 53.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Northfield Bancorp, Inc. (Staten Island, NY) to earn $0.98 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 53.1%.

Northfield Bancorp, Inc. (Staten Island, NY) Trading Up 1.6 %

Shares of NFBK stock opened at $9.01 on Friday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.12 and a current ratio of 1.10. The stock has a fifty day simple moving average of $9.26 and a two-hundred day simple moving average of $10.33. The firm has a market capitalization of $400.58 million, a PE ratio of 12.01 and a beta of 0.71. Northfield Bancorp, Inc. has a 52-week low of $7.99 and a 52-week high of $13.48.

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 the consensus estimate of $0.16 by ($0.01). The business had revenue of $62.03 million for the quarter, compared to analysts’ expectations of $30.93 million. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.65% and a net margin of 14.02%. On average, analysts predict that Northfield Bancorp, Inc. will post 0.67 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on NFBK. 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 on the stock in a research report on Friday, April 5th. Piper Sandler cut their target price on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $13.00 to $11.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, TheStreet cut 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.