Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Posts Quarterly Earnings Results, Hits Estimates

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $32.30 million.

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

Shares of NFBK traded down $0.24 during mid-day trading on Friday, reaching $11.50. The company had a trading volume of 132,850 shares, compared to its average volume of 281,338. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market capitalization of $496.69 million, a P/E ratio of 17.16 and a beta of 0.75. Northfield Bancorp, Inc. has a twelve month low of $6.98 and a twelve month high of $13.48. The company’s 50-day moving average is $11.73 and its 200-day moving average is $10.35.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.52 dividend on an annualized basis and a yield of 4.52%. Northfield Bancorp, Inc. (Staten Island, NY)’s payout ratio is currently 77.61%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods boosted their price target on Northfield Bancorp, Inc. (Staten Island, NY) from $9.50 to $11.25 and gave the company a “market perform” rating in a research note 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.