New York Community Bancorp (NYSE:NYCB) Stock Price Up 1.7%

New York Community Bancorp, Inc. (NYSE:NYCB) shares traded up 1.7% during trading on Monday . The company traded as high as $3.68 and last traded at $3.59. 6,545,774 shares traded hands during trading, a decline of 81% from the average session volume of 34,034,438 shares. The stock had previously closed at $3.53.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. StockNews.com upgraded New York Community Bancorp to a “sell” rating in a research note on Monday, April 29th. Deutsche Bank Aktiengesellschaft lowered shares of New York Community Bancorp from a “buy” rating to a “hold” rating and reduced their target price for the company from $15.00 to $7.00 in a research note on Friday, February 2nd. Wedbush upgraded shares of New York Community Bancorp from an “underperform” rating to a “neutral” rating and raised their price target for the company from $3.00 to $3.50 in a research note on Wednesday, May 1st. DA Davidson downgraded New York Community Bancorp from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $8.50 to $5.00 in a research report on Thursday, February 8th. Finally, Morgan Stanley lowered their target price on New York Community Bancorp from $6.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 7th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $5.39.

New York Community Bancorp Price Performance

The company has a market cap of $2.86 billion, a price-to-earnings ratio of 358.00 and a beta of 0.95. The company has a current ratio of 1.18, a quick ratio of 1.17 and a debt-to-equity ratio of 2.70. The business has a 50-day moving average price of $3.30 and a 200 day moving average price of $6.85.

New York Community Bancorp (NYSE:NYCB) last announced its earnings results on Wednesday, May 1st. The financial services provider reported ($0.25) EPS for the quarter, beating 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 return on equity of 2.78% and a net margin of 0.62%. New York Community Bancorp’s revenue was down 76.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.23 earnings per share. As a group, research analysts expect that New York Community Bancorp, Inc. will post -0.34 earnings per share for the current fiscal year.

New York Community Bancorp Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, June 7th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, June 6th. New York Community Bancorp’s dividend payout ratio (DPR) is currently 400.00%.

Insider Buying and Selling

In other New York Community Bancorp news, EVP Lee Matthew Smith acquired 25,000 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was purchased at an average cost of $4.05 per share, for a total transaction 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 purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other New York Community Bancorp news, CEO Thomas R. Cangemi acquired 11,310 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were purchased at an average price of $4.41 per share, with a total value of $49,877.10. Following the completion of the transaction, the chief executive officer now owns 69,704 shares in the company, valued at $307,394.64. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Lee Matthew Smith acquired 25,000 shares of New York Community Bancorp stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average cost of $4.05 per share, with a total value of $101,250.00. Following the purchase, the executive vice president now owns 1,440,683 shares in the company, valued at approximately $5,834,766.15. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 213,410 shares of company stock valued at $875,626. Company insiders own 1.62% of the company’s stock.

Institutional Investors Weigh In On New York Community Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc boosted its stake in New York Community Bancorp by 3,583.0% during 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 during the period. Orion Capital Management LLC bought a new stake in New York Community Bancorp in the 3rd quarter valued at $28,000. Loomis Sayles & Co. L P acquired a new stake in New York Community Bancorp in the 3rd quarter worth $29,000. Naples Money Management LLC acquired a new position in shares of New York Community Bancorp during the fourth quarter valued at about $30,000. Finally, FinTrust Capital Advisors LLC lifted its stake in shares of New York Community Bancorp by 66.9% in the first quarter. FinTrust Capital Advisors LLC now owns 9,673 shares of the financial services provider’s stock valued at $31,000 after buying an additional 3,876 shares during the period. 67.88% of the stock is currently owned by institutional investors and hedge funds.

New York Community Bancorp Company Profile

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.