The Northfield Bancorp Inc. Plans Quarterly Dividend of $0.08 (nfbk)

The Northfield Bancorp Inc. Plans Quarterly Dividend of $0.08 (nfbk)

Northfield Bancorp Inc. (NASDAQ:nfbk) announced a quarterly dividend on Friday, October 28th. Shareholders of record on Wednesday, November 9th will be given a dividend of 0.08 per share on Wednesday, November 23rd. This represents a $0.32 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Monday, November 7th.

Shares of Northfield Bancorp (NASDAQ:NFBK) opened at 16.20 on Monday. The company has a market cap of $721.81 million, a P/E ratio of 31.15 and a beta of 0.26. Northfield Bancorp has a 52-week low of $14.31 and a 52-week high of $16.68. The firm has a 50-day moving average of $16.03 and a 200-day moving average of $15.60.

Northfield Bancorp (NASDAQ:NFBK) last issued its earnings results on Wednesday, October 26th. The company reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.01. Northfield Bancorp had a net margin of 18.24% and a return on equity of 4.27%. During the same period in the prior year, the company posted $0.11 EPS. Equities research analysts forecast that Northfield Bancorp will post $0.55 earnings per share for the current year.

In other news, Director Patrick E. Scura, Jr. sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $15.88, for a total value of $39,700.00. Following the completion of the sale, the director now owns 81,846 shares of the company’s stock, valued at approximately $1,299,714.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 10.50% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Northfield Bancorp by 4.6% in the second quarter. Vanguard Group Inc. now owns 3,310,882 shares of the company’s stock worth $49,100,000 after buying an additional 144,301 shares during the last quarter. BlackRock Investment Management LLC boosted its stake in Northfield Bancorp by 0.3% in the second quarter. BlackRock Investment Management LLC now owns 192,997 shares of the company’s stock worth $2,862,000 after buying an additional 536 shares during the last quarter. BlackRock Inc. boosted its stake in Northfield Bancorp by 224.8% in the second quarter. BlackRock Inc. now owns 9,674 shares of the company’s stock worth $144,000 after buying an additional 6,696 shares during the last quarter. BlackRock Group LTD boosted its stake in Northfield Bancorp by 6.6% in the second quarter. BlackRock Group LTD now owns 49,035 shares of the company’s stock worth $727,000 after buying an additional 3,033 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in Northfield Bancorp by 1.4% in the second quarter. Alliancebernstein L.P. now owns 74,329 shares of the company’s stock worth $1,102,000 after buying an additional 1,000 shares during the last quarter. 49.92% of the stock is owned by institutional investors.

Separately, Hovde Group started coverage on shares of Northfield Bancorp in a research report on Friday, August 12th. They issued a “market perform” rating and a $16.00 price target for the company.

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