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

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) announced a quarterly dividend on Wednesday, January 22nd,Wall Street Journal reports. Investors 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 annualized dividend and a yield of 4.46%. The ex-dividend date of this dividend is Wednesday, February 5th.

Northfield Bancorp, Inc. (Staten Island, NY) has raised its dividend by an average of 1.3% annually over the last three years. Northfield Bancorp, Inc. (Staten Island, NY) has a payout ratio of 40.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Northfield Bancorp, Inc. (Staten Island, NY) to earn $1.07 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 48.6%.

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

Shares of NASDAQ NFBK opened at $11.67 on Monday. The firm has a 50 day moving average of $12.13 and a 200 day moving average of $12.05. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $500.64 million, a price-to-earnings ratio of 16.21 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.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last announced its earnings results on Wednesday, January 22nd. The bank reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate 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 4.12%. On average, research analysts anticipate that Northfield Bancorp, Inc. will post 0.94 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $14.25 to $13.00 and set a “market perform” rating for the company in a research report on Monday, January 27th. StockNews.com upgraded shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th.

Insiders Place Their Bets

In other news, Director Annette Catino sold 22,000 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $13.12, for a total value of $288,640.00. Following the transaction, the director now owns 225,653 shares of the company’s stock, valued at approximately $2,960,567.36. The trade was a 8.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 6.48% of the company’s stock.

About Northfield Bancorp, Inc. (Staten Island, NY)

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.