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

Key Points

• Northfield Bancorp announced a quarterly dividend of $0.13 per share, with an annual yield of 4.7%, payable on November 19th to investors of record as of November 5th.
• The bank reported $0.27 earnings per share for the last quarter, matching analysts' expectations, and had a revenue of $39.24 million, exceeding expectations.
• Northfield Bancorp has a payout ratio of 40.0%, indicating that its dividend is well supported by its earnings, with projections for future earnings sustaining this dividend policy.

Northfield Bancorp, Inc. (NASDAQ:NFBK - Get Free Report) announced a quarterly dividend on Wednesday, October 22nd. Investors of record on Wednesday, November 5th will be given a dividend of 0.13 per share by the bank on Wednesday, November 19th. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Wednesday, November 5th.

Northfield Bancorp has a payout ratio of 40.0% meaning its dividend is sufficiently covered by earnings. 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 Trading Up 1.4%

NFBK stock opened at $11.11 on Thursday. The business has a fifty day moving average price of $11.52 and a 200 day moving average price of $11.30. Northfield Bancorp has a fifty-two week low of $9.40 and a fifty-two week high of $14.39. The stock has a market capitalization of $464.51 million, a price-to-earnings ratio of 12.92 and a beta of 0.85. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.00 and a quick ratio of 1.00.

Northfield Bancorp (NASDAQ:NFBK - Get Free Report) last released its quarterly earnings results on Wednesday, October 22nd. The bank reported $0.27 earnings per share for the quarter, meeting analysts' consensus estimates of $0.27. Northfield Bancorp had a return on equity of 4.64% and a net margin of 13.56%.The firm had revenue of $39.24 million during the quarter, compared to analysts' expectations of $39.10 million. Analysts expect that Northfield Bancorp will post 0.82 EPS for the current fiscal year.

About Northfield Bancorp

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.

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