Northfield Bancorp, Inc. (Staten Island, NY) (NFBK) To Go Ex-Dividend on February 5th

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) announced a quarterly dividend on Wednesday, January 22nd,Wall Street Journal reports. Investors of record on Wednesday, February 5th will be paid 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 dividend yield of 4.46%. The ex-dividend date of this dividend is Wednesday, February 5th.

Northfield Bancorp, Inc. (Staten Island, NY) has raised 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% indicating that 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) Price Performance

Northfield Bancorp, Inc. (Staten Island, NY) stock traded down $0.22 during mid-day trading on Friday, hitting $11.66. 115,932 shares of the company traded hands, compared to its average volume of 154,082. The stock has a market cap of $500.21 million, a price-to-earnings ratio of 16.19 and a beta of 0.80. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.09 and a current ratio of 1.09. Northfield Bancorp, Inc. has a one year low of $6.98 and a one year high of $14.39. The stock has a fifty day moving average price of $12.36 and a 200-day moving average price of $11.97.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last posted its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.21 EPS for the quarter, topping the consensus estimate 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%. On average, equities analysts predict that Northfield Bancorp, Inc. will post 0.95 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NFBK shares. StockNews.com upgraded 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 increased their target price on Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $14.25 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

Insider Activity

In other news, Director Annette Catino sold 22,000 shares of the stock in a transaction on Monday, December 16th. The stock was 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 of the company’s stock, valued at $2,960,567.36. This represents a 8.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate 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.