Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Announces Earnings Results

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) announced its quarterly earnings results on Wednesday. The bank reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01), Yahoo Finance reports. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 14.02% and a return on equity of 4.66%. The company had revenue of $62.03 million during the quarter, compared to the consensus estimate of $30.93 million.

Northfield Bancorp, Inc. (Staten Island, NY) Trading Up 3.0 %

Shares of NFBK stock traded up $0.25 during trading hours on Friday, reaching $8.54. The company’s stock had a trading volume of 130,332 shares, compared to its average volume of 209,663. The stock has a market capitalization of $379.69 million, a P/E ratio of 11.29 and a beta of 0.68. Northfield Bancorp, Inc. has a one year low of $7.99 and a one year high of $13.48. The firm’s fifty day simple moving average is $9.46 and its 200 day simple moving average is $10.35. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.28.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be given a $0.13 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.09%. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is currently 69.33%.

Analyst Upgrades and Downgrades

NFBK has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods reduced their price objective on Northfield Bancorp, Inc. (Staten Island, NY) from $12.00 to $11.00 and set a “market perform” rating on the stock in a research note on Friday, April 5th. TheStreet lowered Northfield Bancorp, Inc. (Staten Island, NY) from a “b-” rating to a “c+” rating in a research note on Friday, March 1st.

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.