Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) posted its quarterly earnings data on Wednesday. The bank reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate 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 %

Shares of NASDAQ:NFBK opened at $11.88 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market cap of $509.65 million, a PE ratio of 16.50 and a beta of 0.80. Northfield Bancorp, Inc. has a 52 week low of $6.98 and a 52 week high of $14.39. The firm has a 50 day simple moving average of $12.36 and a 200 day simple moving average of $11.97.

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

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

Insider Activity at Northfield Bancorp, Inc. (Staten Island, NY)

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on NFBK shares. StockNews.com upgraded shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Keefe, Bruyette & Woods raised 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 report on Wednesday, December 4th.

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.