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

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 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 5.77%. The ex-dividend date of this dividend is Tuesday, May 7th.

Northfield Bancorp, Inc. (Staten Island, NY) has raised its dividend payment 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. Research 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) Stock Performance

Shares of NFBK stock opened at $9.01 on Monday. Northfield Bancorp, Inc. has a 12 month low of $7.99 and a 12 month high of $13.48. The company’s fifty day simple moving average is $9.26 and its 200-day simple moving average is $10.34. The firm has a market cap of $400.58 million, a PE ratio of 12.01 and a beta of 0.71. The company has a quick ratio of 1.12, a current ratio of 1.10 and a debt-to-equity ratio of 1.58.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last issued its quarterly earnings results on Wednesday, April 24th. The bank reported $0.15 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 the consensus estimate 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%. Equities research analysts expect that Northfield Bancorp, Inc. will post 0.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. TheStreet cut Northfield Bancorp, Inc. (Staten Island, NY) from a “b-” rating to a “c+” rating in a research note on Friday, March 1st. Keefe, Bruyette & Woods cut their price target 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 note on Friday, April 5th. Finally, Piper Sandler lowered their price objective on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $13.00 to $11.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 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.