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

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) announced a quarterly dividend on Thursday, January 23rd,Wall Street Journal reports. Shareholders of record on Wednesday, February 5th will be paid a dividend of 0.13 per share by the bank on Wednesday, February 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date is Wednesday, February 5th.

Northfield Bancorp, Inc. (Staten Island, NY) has increased its dividend by an average of 1.3% annually over the last three years. Northfield Bancorp, Inc. (Staten Island, NY) has a dividend payout ratio of 40.3% indicating that its dividend is sufficiently covered by earnings. Research 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) Trading Up 4.0 %

Shares of NASDAQ:NFBK opened at $11.88 on Friday. The firm has a fifty day moving average of $12.36 and a two-hundred day moving average of $11.97. The firm has a market capitalization of $509.65 million, a P/E ratio of 16.50 and a beta of 0.80. 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.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last issued its earnings results on Wednesday, January 22nd. The bank reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 11.76% and a return on equity of 4.13%. On average, equities analysts expect that Northfield Bancorp, Inc. will post 0.95 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NFBK has been the subject of several analyst reports. StockNews.com raised shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Keefe, Bruyette & Woods lifted their target price on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $14.25 and gave the stock a “market perform” rating in a report on Wednesday, December 4th.

Insider Buying and Selling

In other news, Director Annette Catino sold 22,000 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $13.12, for a total transaction of $288,640.00. Following the transaction, the director now 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 document filed with the SEC, which can be accessed through the SEC website. Insiders own 6.48% of the company’s stock.

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.