Northfield Bancorp, Inc. (Staten Island, NY) (NFBK) To Go Ex-Dividend on May 7th

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) announced a quarterly dividend on Wednesday, April 24th, Zacks reports. Shareholders of record on Wednesday, May 8th will be paid a dividend of 0.13 per share by the bank on Wednesday, May 22nd. This represents a $0.52 dividend on an annualized basis and a yield of 6.27%. The ex-dividend date is Tuesday, May 7th.

Northfield Bancorp, Inc. (Staten Island, NY) has raised its dividend payment by an average of 5.7% annually over the last three years. Northfield Bancorp, Inc. (Staten Island, NY) has a dividend payout ratio of 51.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Northfield Bancorp, Inc. (Staten Island, NY) to earn $1.03 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 50.5%.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Down 7.7 %

NFBK opened at $8.29 on Friday. Northfield Bancorp, Inc. has a 1-year low of $7.99 and a 1-year high of $13.48. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $368.57 million, a price-to-earnings ratio of 11.05 and a beta of 0.68. The business has a 50 day moving average of $9.46 and a 200-day moving average of $10.35.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last posted its quarterly earnings data on Wednesday, April 24th. The bank reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). The business had revenue of $62.03 million during the quarter, compared to the consensus estimate of $30.93 million. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 14.02% and a return on equity of 4.66%. As a group, sell-side analysts anticipate that Northfield Bancorp, Inc. will post 0.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NFBK has been the subject of a number of recent research reports. Keefe, Bruyette & Woods cut their target price on Northfield Bancorp, Inc. (Staten Island, NY) from $12.00 to $11.00 and set a “market perform” rating for the company in a research note on Friday, April 5th. TheStreet lowered Northfield Bancorp, Inc. (Staten Island, NY) from a “b-” rating to a “c+” rating in a research note on Friday, March 1st.

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.