Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Issues Earnings Results

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) released its earnings results on Wednesday. The bank reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03, Zacks reports. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 11.76% and a return on equity of 4.13%.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Up 4.0 %

Northfield Bancorp, Inc. (Staten Island, NY) stock opened at $11.88 on Friday. The company has a market capitalization of $509.65 million, a P/E ratio of 16.50 and a beta of 0.80. The firm’s fifty day simple moving average is $12.36 and its 200-day simple moving average is $11.97. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.50. Northfield Bancorp, Inc. has a 1-year low of $6.98 and a 1-year high of $14.39.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 5th will be issued a dividend of $0.13 per share. The ex-dividend date is Wednesday, February 5th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.38%. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is currently 72.22%.

Insider Activity

In other news, Director Annette Catino sold 22,000 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $13.12, for a total transaction of $288,640.00. Following the transaction, the director now owns 225,653 shares in the company, valued at approximately $2,960,567.36. This trade represents a 8.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.48% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NFBK. Keefe, Bruyette & Woods increased their target price on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $14.25 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com upgraded shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th.

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.