Northfield Bancorp Inc (NASDAQ:NFBK) announced a quarterly dividend on Wednesday, July 22nd, Zacks reports. Shareholders of record on Wednesday, August 5th will be paid a dividend of 0.11 per share by the bank on Wednesday, August 19th. This represents a $0.44 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date of this dividend is Tuesday, August 4th.
Northfield Bancorp has increased its dividend by an average of 38.7% annually over the last three years and has increased its dividend annually for the last 7 consecutive years. Northfield Bancorp has a dividend payout ratio of 71.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Northfield Bancorp to earn $0.77 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 57.1%.
Northfield Bancorp stock opened at $9.61 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.01 and a current ratio of 0.99. The firm has a market cap of $473.70 million, a P/E ratio of 11.86 and a beta of 0.73. The business’s fifty day moving average is $10.46 and its two-hundred day moving average is $12.26. Northfield Bancorp has a 52 week low of $9.30 and a 52 week high of $17.55.
Northfield Bancorp (NASDAQ:NFBK) last posted its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.08. The company had revenue of $34.47 million for the quarter, compared to analyst estimates of $32.54 million. Northfield Bancorp had a return on equity of 5.44% and a net margin of 21.16%. On average, equities research analysts predict that Northfield Bancorp will post 0.68 earnings per share for the current year.
A number of equities analysts have commented on NFBK shares. BidaskClub lowered Northfield Bancorp from a “sell” rating to a “strong sell” rating in a research note on Friday, May 15th. DA Davidson reissued a “neutral” rating on shares of Northfield Bancorp in a research note on Tuesday, July 28th.
In other news, Director Patrick Louis Ryan purchased 2,500 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were acquired at an average price of $10.79 per share, with a total value of $26,975.00. Following the completion of the purchase, the director now directly owns 22,846 shares of the company’s stock, valued at approximately $246,508.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul Stahlin purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were purchased at an average cost of $10.80 per share, for a total transaction of $108,000.00. Following the purchase, the director now directly owns 382,795 shares of the company’s stock, valued at $4,134,186. The disclosure for this purchase can be found here. Insiders have bought 15,250 shares of company stock worth $164,718 in the last ninety days. 7.15% of the stock is currently owned by insiders.
Northfield Bancorp 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 transaction accounts comprising negotiable orders of withdrawal accounts and non-interest bearing checking accounts; savings accounts, such as money market, passbook, and statement savings; certificates of deposit consisting of individual retirement accounts; and brokered deposits.
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