New York Community Bancorp (NYSE:NYCB) Trading Up 1.9%

New York Community Bancorp, Inc. (NYSE:NYCB) was up 1.9% during mid-day trading on Friday . The company traded as high as $3.33 and last traded at $3.29. Approximately 1,980,442 shares traded hands during trading, a decline of 94% from the average daily volume of 31,222,969 shares. The stock had previously closed at $3.23.

Wall Street Analysts Forecast Growth

NYCB has been the subject of a number of analyst reports. Barclays initiated coverage on shares of New York Community Bancorp in a research report on Friday, March 8th. They set an “equal weight” rating and a $4.00 target price for the company. Compass Point cut shares of New York Community Bancorp from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $16.00 to $8.00 in a report on Thursday, February 1st. Bank of America cut shares of New York Community Bancorp from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $8.50 to $5.00 in a report on Wednesday, February 7th. Piper Sandler raised shares of New York Community Bancorp from a “neutral” rating to an “overweight” rating and set a $4.00 price target for the company in a report on Wednesday, May 1st. Finally, Wedbush raised shares of New York Community Bancorp from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $3.00 to $3.50 in a report on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.39.

New York Community Bancorp Stock Up 2.2 %

The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 3.39. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 330.00 and a beta of 0.95. The firm’s fifty day simple moving average is $3.31 and its 200 day simple moving average is $6.40.

New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings data on Wednesday, May 1st. The financial services provider reported ($0.25) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.01. The business had revenue of $633.00 million during the quarter, compared to the consensus estimate of $776.81 million. New York Community Bancorp had a net margin of 0.62% and a return on equity of 2.91%. The company’s revenue was down 76.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 EPS. Sell-side analysts predict that New York Community Bancorp, Inc. will post -0.49 earnings per share for the current year.

New York Community Bancorp Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, June 7th will be given a dividend of $0.01 per share. The ex-dividend date is Friday, June 7th. This represents a $0.04 annualized dividend and a dividend yield of 1.21%. New York Community Bancorp’s dividend payout ratio is presently 2,000.00%.

Insider Transactions at New York Community Bancorp

In other New York Community Bancorp news, Director Marshall Lux purchased 27,100 shares of New York Community Bancorp stock in a transaction that occurred on Thursday, March 21st. The stock was purchased at an average price of $3.69 per share, for a total transaction of $99,999.00. Following the transaction, the director now directly owns 64,872 shares in the company, valued at $239,377.68. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.38% of the company’s stock.

Institutional Trading of New York Community Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc increased its holdings in shares of New York Community Bancorp by 3,583.0% in the 1st quarter. Versant Capital Management Inc now owns 8,250 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 8,026 shares in the last quarter. Orion Capital Management LLC purchased a new position in shares of New York Community Bancorp in the 3rd quarter valued at about $28,000. Loomis Sayles & Co. L P purchased a new position in shares of New York Community Bancorp in the 3rd quarter valued at about $29,000. Naples Money Management LLC purchased a new position in shares of New York Community Bancorp in the 4th quarter valued at about $30,000. Finally, FinTrust Capital Advisors LLC increased its holdings in shares of New York Community Bancorp by 66.9% in the 1st quarter. FinTrust Capital Advisors LLC now owns 9,673 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 3,876 shares in the last quarter. Hedge funds and other institutional investors own 67.88% of the company’s stock.

About New York Community Bancorp

New York Community Bancorp, Inc operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company's deposit products include interest-bearing checking and money market, savings, non-interest-bearing, and retirement accounts, as well as certificates of deposit.