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

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) posted its quarterly earnings results on Wednesday. The bank reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01), Yahoo Finance reports. The business had revenue of $62.03 million during the quarter, compared to analyst estimates of $30.93 million. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 14.02% and a return on equity of 4.66%.

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

Northfield Bancorp, Inc. (Staten Island, NY) stock traded up $0.33 during trading hours on Friday, reaching $8.62. 96,206 shares of the stock were exchanged, compared to its average volume of 209,373. Northfield Bancorp, Inc. has a 52-week low of $7.99 and a 52-week high of $13.48. The stock has a market cap of $383.25 million, a P/E ratio of 11.29 and a beta of 0.68. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.12 and a current ratio of 1.12. The firm’s 50 day moving average is $9.46 and its 200 day moving average is $10.35.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be paid a $0.13 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $0.52 annualized dividend and a yield of 6.03%. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is currently 69.33%.

Analyst Ratings Changes

A number of research firms recently commented on NFBK. Keefe, Bruyette & Woods dropped their target price on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $12.00 to $11.00 and set a “market perform” rating on the stock in a research report on Friday, April 5th. TheStreet cut shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “b-” rating to a “c+” rating in a research note on Friday, March 1st.

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