Northfield Bancorp, Inc. (NFBK) to Issue Quarterly Dividend of $0.13 on May 20th

Northfield Bancorp, Inc. (NASDAQ:NFBK) declared a quarterly dividend on Monday, April 6th. Stockholders of record on Wednesday, May 6th will be given a dividend of 0.13 per share by the bank on Wednesday, May 20th. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Wednesday, May 6th.

Northfield Bancorp has increased its dividend by an average of 0.0%annually over the last three years. Northfield Bancorp has a dividend payout ratio of 40.0% indicating that its dividend is sufficiently covered by earnings.

Northfield Bancorp Stock Performance

NASDAQ NFBK opened at $14.06 on Monday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.39. Northfield Bancorp has a twelve month low of $9.90 and a twelve month high of $14.19. The firm has a market capitalization of $587.15 million, a PE ratio of 117.17 and a beta of 0.72. The stock’s 50 day moving average is $13.55 and its 200 day moving average is $12.29.

Northfield Bancorp (NASDAQ:NFBK) last released its earnings results on Tuesday, April 21st. The bank reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. Northfield Bancorp had a return on equity of 6.72% and a net margin of 1.77%.The business had revenue of $40.38 million for the quarter, compared to the consensus estimate of $40.60 million.

Analyst Ratings Changes

NFBK has been the topic of a number of research analyst reports. Weiss Ratings upgraded Northfield Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, April 17th. Keefe, Bruyette & Woods upped their price objective on Northfield Bancorp from $12.00 to $14.50 and gave the company a “hold” rating in a research report on Friday, February 6th. Finally, New Street Research set a $14.50 price objective on Northfield Bancorp in a research report on Friday, February 6th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $14.50.

Northfield Bancorp Company Profile

Northfield Bancorp is the bank holding company for Northfield Bank, a New Jersey‐based community bank offering a full range of financial products and services. Headquartered in New Jersey, the company serves individuals, families and small to mid‐sized businesses across Northern and Central New Jersey. Northfield Bancorp focuses on building lasting customer relationships through a combination of personalized service and technology‐driven solutions.

Through its subsidiary, Northfield Bank provides personal banking services such as checking and savings accounts, consumer loans, mortgage products and home equity lines of credit.