Northfield Bancorp (NFBK) Declares $0.13 Dividend
Northfield Bancorp said on January 25, 2023 that its board of directors declared a regular quarterly dividend of $0.13 per share ($0.52 annualized). Shareholders of record as of February 7, 2023 will receive the payment on February 22, 2023. Previously, the company paid $0.13 per share.
At the most recent share price of $14.50 / share, the stock's dividend yield was 3.59%. Additionally, the company's dividend payout ratio is 0.41, indicating it is retaining a low percentage of its earnings to reinvest in growth opportunities.
The company's 3-Year dividend growth rate is 0.18%.
Analyst Price Forecast Suggests 14.31% Upside
As of January 30, 2023, the average one-year price target for Northfield Bancorp is $16.58. The forecasts range from a low of $15.15 to a high of $17.85. The average price target represents an increase of 14.31% from its latest reported closing price of $14.50.
The projected annual revenue for Northfield Bancorp is $164MM, an increase of 1.17%. The projected annual EPS is $1.34, an increase of 1.18%.
Fund Sentiment
There are 368 funds or institutions reporting positions in Northfield Bancorp. This is a decrease of 13 owner(s) or 3.41%.
Average portfolio weight of all funds dedicated to US:NFBK is 0.0424%, an increase of 4.4946%. Total shares owned by institutions decreased in the last three months by 2.15% to 30,319K shares.
What are large shareholders doing?
IJR - iShares Core S&P Small-Cap ETF holds 3,086,429 shares representing 6.46% ownership of the company. In it's prior filing, the firm reported owning 3,021,978 shares, representing an increase of 2.09%. The firm increased its portfolio allocation in NFBK by 13.84% over the last quarter.
Renaissance Technologies holds 1,505,951 shares representing 3.15% ownership of the company. In it's prior filing, the firm reported owning 1,724,651 shares, representing a decrease of 14.52%. The firm increased its portfolio allocation in NFBK by 14.60% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,273,281 shares representing 2.67% ownership of the company. In it's prior filing, the firm reported owning 1,272,874 shares, representing an increase of 0.03%. The firm increased its portfolio allocation in NFBK by 14.52% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 1,107,172 shares representing 2.32% ownership of the company. In it's prior filing, the firm reported owning 1,131,987 shares, representing a decrease of 2.24%. The firm increased its portfolio allocation in NFBK by 12.01% over the last quarter.
DFSVX - U.s. Small Cap Value Portfolio - Institutional Class holds 1,096,980 shares representing 2.30% ownership of the company. In it's prior filing, the firm reported owning 1,177,706 shares, representing a decrease of 7.36%. The firm increased its portfolio allocation in NFBK by 1.06% over the last quarter.
Northfield Bancorp Background Information
(This description is provided by the company.)
Northfield Bank, founded in 1887, operates 38 full-service banking offices in Staten Island and Brooklyn, New York, and Hunterdon, Middlesex, Mercer, and Union counties, New Jersey.
This story originally appeared on Fintel.