Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Announces Earnings Results, Meets Estimates

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) announced its quarterly earnings results on Wednesday. The bank reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16, Yahoo Finance reports. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 12.00% and a return on equity of 4.31%. The business had revenue of $62.90 million for the quarter, compared to analyst estimates of $32.30 million.

Northfield Bancorp, Inc. (Staten Island, NY) Price Performance

Shares of Northfield Bancorp, Inc. (Staten Island, NY) stock traded down $0.16 on Friday, reaching $11.58. 32,657 shares of the stock were exchanged, compared to its average volume of 280,854. The firm’s 50 day moving average is $11.74 and its 200-day moving average is $10.33. Northfield Bancorp, Inc. has a one year low of $6.98 and a one year high of $13.48. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market cap of $500.14 million, a PE ratio of 17.52 and a beta of 0.75.

Northfield Bancorp, Inc. (Staten Island, NY) Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date of this dividend is Wednesday, November 6th. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio (DPR) is presently 77.61%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods increased their target price on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $9.50 to $11.25 and gave the stock a “market perform” rating in a research report on Tuesday, July 30th.

About Northfield Bancorp, Inc. (Staten Island, NY)

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.