Northfield Bancorp, Inc. (NFBK) Raises Dividend to $0.10 Per Share

Northfield Bancorp, Inc. (NASDAQ:NFBK) declared a quarterly dividend on Wednesday, October 25th, NASDAQ reports. Shareholders 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 yield of 2.34%. The ex-dividend date of this dividend is Tuesday, November 7th. This is a boost from Northfield Bancorp’s previous quarterly dividend of $0.08.

Northfield Bancorp (NASDAQ:NFBK) last released its quarterly earnings results on Wednesday, October 25th. The bank reported $0.17 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. Northfield Bancorp had a net margin of 24.39% and a return on equity of 4.97%. The company had revenue of $29.97 million for the quarter, compared to analysts’ expectations of $29.66 million.

NFBK has been the topic of several recent analyst reports. Piper Jaffray Companies reiterated a “hold” rating and set a $16.50 price objective on shares of Northfield Bancorp in a report on Thursday, August 3rd. BidaskClub lowered shares of Northfield Bancorp from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $17.00 price objective on shares of Northfield Bancorp in a report on Tuesday, October 3rd. Finally, DA Davidson assumed coverage on shares of Northfield Bancorp in a report on Friday, September 1st. They issued a “neutral” rating and a $17.00 price target on the stock.

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Northfield Bancorp Company Profile

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.

Dividend History for Northfield Bancorp (NASDAQ:NFBK)

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