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

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

Northfield Bancorp, Inc. (Staten Island, NY) Stock Down 0.9 %

NFBK stock traded down $0.10 on Friday, reaching $11.64. 28,150 shares of the company traded hands, compared to its average volume of 280,824. 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 firm has a fifty day simple moving average of $11.74 and a 200-day simple moving average of $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 market cap of $502.73 million, a P/E ratio of 17.52 and a beta of 0.75.

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

The business also recently declared 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 is Wednesday, November 6th. This represents a $0.52 annualized dividend and a dividend yield of 4.47%. Northfield Bancorp, Inc. (Staten Island, NY)’s payout ratio is currently 77.61%.

Wall Street Analysts Forecast Growth

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