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

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Get Free Report) announced a quarterly dividend on Wednesday, October 23rd, Zacks reports. Shareholders of record on Wednesday, November 6th will be paid a dividend of 0.13 per share by the bank on Wednesday, November 20th. This represents a $0.52 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date of this dividend is Wednesday, November 6th.

Northfield Bancorp, Inc. (Staten Island, NY) has raised its dividend by an average of 5.7% annually over the last three years. Northfield Bancorp, Inc. (Staten Island, NY) has a dividend payout ratio of 54.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Northfield Bancorp, Inc. (Staten Island, NY) to earn $0.99 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 52.5%.

Northfield Bancorp, Inc. (Staten Island, NY) Trading Down 2.0 %

NFBK traded down $0.24 during mid-day trading on Friday, hitting $11.50. 132,850 shares of the stock were exchanged, compared to its average volume of 281,338. The firm's fifty day moving average is $11.74 and its two-hundred day moving average is $10.33. Northfield Bancorp, Inc. has a 1-year low of $6.98 and a 1-year high of $13.48. The company has a market cap of $496.69 million, a PE ratio of 17.52 and a beta of 0.75. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.66.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The business had revenue of $62.90 million for the quarter, compared to analysts' expectations of $32.30 million. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 12.00% and a return on equity of 4.31%. Equities analysts forecast that Northfield Bancorp, Inc. will post 0.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods boosted their price target on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $9.50 to $11.25 and gave the stock a "market perform" rating in a research note on Tuesday, July 30th.

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.