Northfield Bancorp, Inc. (NFBK) to Issue Quarterly Dividend of $0.13 on November 19th

Northfield Bancorp, Inc. (NASDAQ:NFBK) declared a quarterly dividend on Wednesday, October 22nd. Investors of record on Wednesday, November 5th will be given a dividend of 0.13 per share by the bank on Wednesday, November 19th. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Wednesday, November 5th.

Northfield Bancorp has a payout ratio of 40.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Northfield Bancorp to earn $1.14 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 45.6%.

Northfield Bancorp Price Performance

NASDAQ:NFBK opened at $10.72 on Friday. The business’s 50-day moving average price is $11.51 and its 200 day moving average price is $11.30. The firm has a market cap of $448.20 million, a P/E ratio of 11.05 and a beta of 0.85. Northfield Bancorp has a 52-week low of $9.40 and a 52-week high of $14.39. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.26.

Northfield Bancorp (NASDAQ:NFBK) last released its quarterly earnings results on Wednesday, October 22nd. The bank reported $0.27 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.27. Northfield Bancorp had a return on equity of 5.22% and a net margin of 14.92%.The business had revenue of $39.24 million during the quarter, compared to analyst estimates of $39.10 million. As a group, sell-side analysts predict that Northfield Bancorp will post 0.82 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Northfield Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cullen Frost Bankers Inc. bought a new position in Northfield Bancorp during the second quarter worth $31,000. GAMMA Investing LLC grew its position in Northfield Bancorp by 113.7% in the 1st quarter. GAMMA Investing LLC now owns 3,870 shares of the bank’s stock worth $42,000 after purchasing an additional 2,059 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in shares of Northfield Bancorp during the 2nd quarter worth about $138,000. TIAA Trust National Association acquired a new position in shares of Northfield Bancorp during the first quarter valued at about $141,000. Finally, Baron Wealth Management LLC bought a new stake in shares of Northfield Bancorp in the second quarter valued at about $146,000. Institutional investors and hedge funds own 65.51% of the company’s stock.

About Northfield Bancorp

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.