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 Thursday, January 23rd,Wall Street Journal reports. Stockholders 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 annualized dividend and a dividend yield of 4.43%. 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% per year over the last three years. Northfield Bancorp, Inc. (Staten Island, NY) has a payout ratio of 40.3% indicating that its dividend is sufficiently covered by earnings. Equities 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) Stock Performance

Shares of NASDAQ NFBK traded up $0.33 during midday trading on Thursday, hitting $11.75. The company’s stock had a trading volume of 74,370 shares, compared to its average volume of 149,933. The stock has a fifty day moving average price of $12.36 and a 200 day moving average price of $11.97. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $503.95 million, a price-to-earnings ratio of 18.39 and a beta of 0.80. Northfield Bancorp, Inc. has a one year low of $6.98 and a one year high of $14.39.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last posted its earnings results on Wednesday, January 22nd. The bank reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 10.94% and a return on equity of 4.05%. On average, research analysts forecast that Northfield Bancorp, Inc. will post 0.66 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on NFBK. 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 upped their price objective 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 note on Wednesday, December 4th.

Insiders Place Their Bets

In other news, Director Annette Catino sold 22,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $13.12, for a total value of $288,640.00. Following the completion of the sale, the director now directly owns 225,653 shares of the company’s stock, valued at approximately $2,960,567.36. This trade represents a 8.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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.