Northfield Bancorp, Inc. (NASDAQ:NFBK) Plans $0.13 Quarterly Dividend

Northfield Bancorp, Inc. (NASDAQ:NFBK) announced a quarterly dividend on Monday, February 2nd. Investors of record on Thursday, February 12th will be paid a dividend of 0.13 per share by the bank on Wednesday, February 25th. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Thursday, February 12th.

Northfield Bancorp has raised its dividend by an average of 0.0%per year over the last three years. Northfield Bancorp has a dividend payout ratio of 40.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Northfield Bancorp to earn $1.14 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 45.6%.

Northfield Bancorp Trading Down 1.4%

Northfield Bancorp stock traded down $0.19 during midday trading on Tuesday, hitting $13.60. 124,837 shares of the stock were exchanged, compared to its average volume of 212,383. The stock has a market capitalization of $568.52 million, a PE ratio of 14.02 and a beta of 0.85. The company has a fifty day simple moving average of $11.73 and a two-hundred day simple moving average of $11.33. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.31. Northfield Bancorp has a 52 week low of $9.40 and a 52 week high of $13.99.

Institutional Investors Weigh In On Northfield Bancorp

Large investors have recently made changes to their positions in the stock. Cullen Frost Bankers Inc. bought a new stake in Northfield Bancorp during the second quarter worth $31,000. Signaturefd LLC increased its stake in shares of Northfield Bancorp by 41.6% during the 4th quarter. Signaturefd LLC now owns 3,019 shares of the bank’s stock worth $35,000 after purchasing an additional 887 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Northfield Bancorp by 1,195.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,447 shares of the bank’s stock valued at $41,000 after purchasing an additional 3,181 shares during the period. Quadrant Capital Group LLC acquired a new stake in Northfield Bancorp in the 3rd quarter valued at about $77,000. Finally, Cornerstone Planning Group LLC lifted its stake in Northfield Bancorp by 30,922.6% in the 4th quarter. Cornerstone Planning Group LLC now owns 9,617 shares of the bank’s stock valued at $114,000 after purchasing an additional 9,586 shares during the last quarter. Institutional investors and hedge funds own 65.51% of the company’s stock.

About Northfield Bancorp

Northfield Bancorp is the bank holding company for Northfield Bank, a New Jersey‐based community bank offering a full range of financial products and services. Headquartered in New Jersey, the company serves individuals, families and small to mid‐sized businesses across Northern and Central New Jersey. Northfield Bancorp focuses on building lasting customer relationships through a combination of personalized service and technology‐driven solutions.

Through its subsidiary, Northfield Bank provides personal banking services such as checking and savings accounts, consumer loans, mortgage products and home equity lines of credit.