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

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) declared a quarterly dividend on Wednesday, July 24th, Zacks reports. Stockholders of record on Wednesday, August 7th will be given a dividend of 0.13 per share by the bank on Wednesday, August 21st. This represents a $0.52 annualized dividend and a dividend yield of 4.08%. The ex-dividend date is Wednesday, August 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 dividend payout ratio of 56.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Northfield Bancorp, Inc. (Staten Island, NY) to earn $0.95 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 54.7%.

Northfield Bancorp, Inc. (Staten Island, NY) Price Performance

NFBK opened at $12.73 on Friday. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.10 and a quick ratio of 1.10. The stock’s 50 day simple moving average is $9.33 and its 200 day simple moving average is $9.87. The firm has a market cap of $564.45 million, a price-to-earnings ratio of 16.97 and a beta of 0.76. Northfield Bancorp, Inc. has a 1 year low of $6.98 and a 1 year high of $13.48.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last issued 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). Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.31% and a net margin of 12.00%. The firm had revenue of $62.03 million during the quarter, compared to the consensus estimate of $30.93 million. As a group, analysts predict that Northfield Bancorp, Inc. will post 0.64 earnings per share for the current year.

Insider Buying and Selling at Northfield Bancorp, Inc. (Staten Island, NY)

In related news, CEO Steven M. Klein acquired 11,061 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was acquired at an average cost of $7.56 per share, for a total transaction of $83,621.16. Following the acquisition, the chief executive officer now owns 467,939 shares of the company’s stock, valued at $3,537,618.84. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Annette Catino acquired 15,000 shares of the stock in a transaction on Wednesday, June 12th. The stock was acquired at an average cost of $8.10 per share, for a total transaction of $121,500.00. Following the completion of the acquisition, the director now directly owns 21,000 shares of the company’s stock, valued at approximately $170,100. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Steven M. Klein acquired 11,061 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were purchased at an average cost of $7.56 per share, for a total transaction of $83,621.16. Following the completion of the transaction, the chief executive officer now owns 467,939 shares in the company, valued at approximately $3,537,618.84. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 39,351 shares of company stock valued at $307,229. 6.48% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NFBK. Keefe, Bruyette & Woods decreased 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 dropped their price objective on Northfield Bancorp, Inc. (Staten Island, NY) from $13.00 to $11.00 and set a “neutral” rating for the company in a report 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.