New York Community Bancorp (NYSE:NYCB) Trading Down 1.2%

New York Community Bancorp, Inc. (NYSE:NYCBGet Free Report)’s share price traded down 1.2% on Thursday . The company traded as low as $3.27 and last traded at $3.28. 1,927,403 shares were traded during mid-day trading, a decline of 94% from the average session volume of 31,417,707 shares. The stock had previously closed at $3.32.

Analyst Ratings Changes

A number of equities analysts have issued reports on NYCB shares. Jefferies Financial Group cut shares of New York Community Bancorp from a “buy” rating to a “hold” rating and reduced their price objective for the company from $13.00 to $7.00 in a research note on Thursday, February 1st. StockNews.com upgraded New York Community Bancorp to a “sell” rating in a research report on Monday, April 29th. Compass Point cut shares of New York Community Bancorp from a “buy” rating to a “neutral” rating and reduced their price target for the company from $16.00 to $8.00 in a report on Thursday, February 1st. Morgan Stanley lowered their price objective on shares of New York Community Bancorp from $6.00 to $4.00 and set an “equal weight” rating for the company in a research report on Thursday, March 7th. Finally, Piper Sandler raised shares of New York Community Bancorp from a “neutral” rating to an “overweight” rating and set a $4.00 price objective for the company in a research report on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $5.39.

Get Our Latest Stock Report on NYCB

New York Community Bancorp Stock Up 3.1 %

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 stock’s 50-day moving average is $3.30 and its 200-day moving average is $6.36. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 333.50 and a beta of 0.95.

New York Community Bancorp (NYSE:NYCBGet Free Report) last posted its earnings results on Wednesday, May 1st. The financial services provider reported ($0.25) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.01. The firm had revenue of $633.00 million during the quarter, compared to analyst estimates of $776.81 million. New York Community Bancorp had a net margin of 0.62% and a return on equity of 2.91%. The business’s revenue was down 76.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.23 EPS. On average, analysts anticipate that New York Community Bancorp, Inc. will post -0.49 earnings per share for the current fiscal year.

New York Community Bancorp Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, June 7th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Friday, June 7th. New York Community Bancorp’s dividend payout ratio (DPR) is presently 2,000.00%.

Insider Buying and Selling at New York Community Bancorp

In other news, Director Marshall Lux purchased 27,100 shares of the stock in a transaction dated Thursday, March 21st. The shares were purchased at an average cost of $3.69 per share, with a total value of $99,999.00. Following the completion of the acquisition, the director now owns 64,872 shares in the company, valued at approximately $239,377.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 6.38% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Orion Capital Management LLC bought a new position in New York Community Bancorp during the third quarter valued at approximately $28,000. Loomis Sayles & Co. L P bought a new position in New York Community Bancorp during the third quarter valued at approximately $29,000. Naples Money Management LLC bought a new position in New York Community Bancorp during the fourth quarter valued at approximately $30,000. Authentikos Wealth Advisory LLC bought a new position in New York Community Bancorp during the third quarter valued at approximately $35,000. Finally, Wetzel Investment Advisors Inc. bought a new position in New York Community Bancorp during the fourth quarter valued at approximately $40,000. 67.88% of the stock is currently owned by institutional investors.

New York Community Bancorp Company Profile

(Get Free Report)

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.

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