Northfield Bancorp, Inc. to Issue Quarterly Dividend of $0.08 (NFBK)
Northfield Bancorp, Inc. (NASDAQ:NFBK) declared a quarterly dividend on Thursday, July 27th, Wall Street Journal reports. Shareholders of record on Wednesday, August 9th will be paid a dividend of 0.08 per share by the bank on Wednesday, August 23rd. This represents a $0.32 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Monday, August 7th.
Northfield Bancorp (NFBK) traded down 1.74% on Thursday, hitting $16.40. The stock had a trading volume of 106,741 shares. The firm has a market cap of $738.36 million, a PE ratio of 23.43 and a beta of 0.33. The company has a 50-day moving average price of $17.13 and a 200 day moving average price of $17.77. Northfield Bancorp has a 52-week low of $14.84 and a 52-week high of $20.59.
Northfield Bancorp (NASDAQ:NFBK) last issued its quarterly earnings data on Wednesday, July 26th. The bank reported $0.18 EPS for the quarter, beating the consensus estimate of $0.15 by $0.03. Northfield Bancorp had a return on equity of 4.74% and a net margin of 23.34%. The firm had revenue of $29.35 million during the quarter, compared to analyst estimates of $26.20 million. During the same quarter in the prior year, the business posted $0.15 EPS. Equities analysts forecast that Northfield Bancorp will post $0.71 earnings per share for the current fiscal year.
In other news, Director Patrick E. Scura, Jr. sold 2,503 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $16.59, for a total transaction of $41,524.77. Following the completion of the sale, the director now owns 66,043 shares in the company, valued at approximately $1,095,653.37. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Steven M. Klein sold 25,000 shares of the stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $18.12, for a total value of $453,000.00. Following the sale, the chief operating officer now owns 301,400 shares of the company’s stock, valued at approximately $5,461,368. The disclosure for this sale can be found here. In the last quarter, insiders have sold 67,986 shares of company stock valued at $1,180,892. Company insiders own 10.50% of the company’s stock.
Several analysts have recently commented on NFBK shares. Keefe, Bruyette & Woods set a $18.00 price objective on Northfield Bancorp and gave the company a “hold” rating in a report on Saturday, May 20th. BidaskClub lowered Northfield Bancorp from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th.
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About Northfield Bancorp
Northfield Bancorp, Inc is a holding company for Northfield Bank (the Bank). Northfield Bank’s principal business consists of originating commercial real estate loans and multifamily real estate loans, purchasing investment securities including mortgage-backed securities and corporate bonds, as well as depositing funds in other financial institutions.
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