Northfield Bancorp, Inc. (Staten Island, NY) Announces 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. Investors of record on Wednesday, February 5th will be given 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 yield of 4.38%. The ex-dividend date of this dividend is Wednesday, February 5th.

Northfield Bancorp, Inc. (Staten Island, NY) has increased its dividend payment by an average of 1.3% per year over the last three years. Northfield Bancorp, Inc. (Staten Island, NY) has a dividend payout ratio of 40.3% meaning its dividend is sufficiently covered by earnings. Equities 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) Stock Performance

NASDAQ NFBK opened at $11.88 on Friday. The stock has a market cap of $509.65 million, a P/E ratio of 16.50 and a beta of 0.80. The company’s 50-day simple moving average is $12.36 and its 200 day simple moving average is $11.97. Northfield Bancorp, Inc. has a twelve month low of $6.98 and a twelve 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 released its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.21 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%. As a group, research analysts forecast that Northfield Bancorp, Inc. will post 0.95 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. 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. Keefe, Bruyette & Woods boosted their price target on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $14.25 and gave the company a “market perform” rating in a research report on Wednesday, December 4th.

Insider Transactions at Northfield Bancorp, Inc. (Staten Island, NY)

In other news, Director Annette Catino sold 22,000 shares of the company’s stock in a transaction that occurred on 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 directly owns 225,653 shares in the company, valued at approximately $2,960,567.36. This represents a 8.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.48% of the stock is owned by company insiders.

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.