Northfield Bancorp, Inc. (NASDAQ:NFBK) Declares Quarterly Dividend of $0.13

Northfield Bancorp, Inc. (NASDAQ:NFBK) announced a quarterly dividend on Monday, February 2nd. Investors of record on Thursday, February 12th will be paid a dividend of 0.13 per share by the bank on Wednesday, February 25th. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Thursday, February 12th.

Northfield Bancorp has raised its dividend payment by an average of 0.0%annually over the last three years. Northfield Bancorp has a payout ratio of 40.0% meaning its dividend is sufficiently covered by earnings. Equities 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

NFBK stock opened at $13.79 on Tuesday. The company has a market cap of $576.42 million, a PE ratio of 14.22 and a beta of 0.85. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.31. Northfield Bancorp has a 12-month low of $9.40 and a 12-month high of $13.99. The stock has a 50-day moving average price of $11.73 and a two-hundred day moving average price of $11.33.

Institutional Trading of Northfield Bancorp

Hedge funds have recently bought and sold shares of the stock. Cullen Frost Bankers Inc. acquired a new position in shares of Northfield Bancorp in the 2nd quarter valued at approximately $31,000. Signaturefd LLC lifted its stake in shares of Northfield Bancorp by 41.6% in the 4th quarter. Signaturefd LLC now owns 3,019 shares of the bank’s stock valued at $35,000 after acquiring an additional 887 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Northfield Bancorp by 1,195.9% during the third quarter. Russell Investments Group Ltd. now owns 3,447 shares of the bank’s stock valued at $41,000 after purchasing an additional 3,181 shares in the last quarter. Quadrant Capital Group LLC bought a new stake in Northfield Bancorp during the 3rd quarter worth approximately $77,000. Finally, Cornerstone Planning Group LLC raised its position in Northfield Bancorp by 30,922.6% during the 4th quarter. Cornerstone Planning Group LLC now owns 9,617 shares of the bank’s stock worth $114,000 after purchasing an additional 9,586 shares during the last quarter. 65.51% of the stock is currently owned by institutional investors and hedge funds.

About Northfield Bancorp

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.