New York Community Bancorp (NYSE:NYCB – Get Free Report) issued its quarterly earnings data on Wednesday. The financial services provider reported ($0.25) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.01, Briefing.com reports. New York Community Bancorp had a net margin of 28.96% and a return on equity of 6.22%. The firm had revenue of $633.00 million for the quarter, compared to analysts’ expectations of $776.81 million. During the same period in the prior year, the firm earned $0.23 earnings per share. The company’s quarterly revenue was down 76.1% compared to the same quarter last year.
New York Community Bancorp Price Performance
Shares of New York Community Bancorp stock traded down $0.03 during midday trading on Thursday, hitting $3.37. 23,100,492 shares of the company traded hands, compared to its average volume of 34,451,418. New York Community Bancorp has a 12 month low of $1.70 and a 12 month high of $14.22. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.17 and a current ratio of 1.18. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 0.98 and a beta of 0.95. The firm’s fifty day moving average price is $3.40 and its 200-day moving average price is $7.10.
New York Community Bancorp Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors 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 dividend yield of 1.19%. The ex-dividend date of this dividend is Friday, June 7th. New York Community Bancorp’s dividend payout ratio (DPR) is presently 6.01%.
Analyst Ratings Changes
View Our Latest Research Report on NYCB
Insiders Place Their Bets
In related news, Director Marshall Lux bought 27,100 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were bought 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 of the company’s stock, valued at $239,377.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Marshall Lux bought 27,100 shares of New York Community Bancorp stock in a transaction dated 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 purchase, the director now directly owns 64,872 shares in the company, valued at approximately $239,377.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Lee Matthew Smith purchased 25,000 shares of New York Community Bancorp stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average price of $4.05 per share, with a total value of $101,250.00. Following the transaction, the executive vice president now owns 1,440,683 shares of the company’s stock, valued at approximately $5,834,766.15. The disclosure for this purchase can be found here. Insiders have acquired 213,410 shares of company stock valued at $875,626 in the last ninety days. 1.62% of the stock is currently owned by insiders.
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.
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