Northfield Bancorp, Inc. (NFBK) Raises Dividend to $0.10 Per Share
Northfield Bancorp, Inc. (NASDAQ:NFBK) announced a quarterly dividend on Wednesday, October 25th, NASDAQ reports. Investors of record on Wednesday, November 8th will be paid a dividend of 0.10 per share by the bank on Wednesday, November 22nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Tuesday, November 7th. This is a positive change from Northfield Bancorp’s previous quarterly dividend of $0.08.
Northfield Bancorp (NASDAQ:NFBK) last announced its earnings results on Wednesday, October 25th. The bank reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. The business had revenue of $29.97 million during the quarter, compared to analyst estimates of $29.66 million. Northfield Bancorp had a net margin of 24.39% and a return on equity of 4.97%.
NFBK has been the subject of a number of research reports. BidaskClub lowered shares of Northfield Bancorp from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Piper Jaffray Companies reiterated a “hold” rating and set a $16.50 target price on shares of Northfield Bancorp in a research note on Thursday, August 3rd. DA Davidson initiated coverage on shares of Northfield Bancorp in a research note on Friday, September 1st. They set a “neutral” rating and a $17.00 target price for the company. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $17.00 target price on shares of Northfield Bancorp in a research note on Tuesday, October 3rd.
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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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