Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

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

Northfield Bancorp, Inc. (Staten Island, NY) Trading Up 4.2 %

Shares of NFBK traded up $0.35 during midday trading on Friday, hitting $8.64. 89,909 shares of the stock were exchanged, compared to its average volume of 209,258. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $384.13 million, a P/E ratio of 11.29 and a beta of 0.68. Northfield Bancorp, Inc. has a 52-week low of $7.99 and a 52-week high of $13.48. The stock has a fifty day simple moving average of $9.46 and a 200 day simple moving average of $10.35.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be issued a $0.13 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $0.52 annualized dividend and a dividend yield of 6.02%. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is currently 69.33%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NFBK. Keefe, Bruyette & Woods reduced their target price 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 downgraded shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “b-” rating to a “c+” rating in a report 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.