New York Community Bancorp, Inc. (NYCB) Hits New 1-Year Low at $11.72
Shares of New York Community Bancorp, Inc. (NYSE:NYCB) hit a new 52-week low during trading on Thursday . The company traded as low as $11.72 and last traded at $11.74, with a volume of 1,959,221 shares changing hands. The stock had previously closed at $11.99.
A number of brokerages have commented on NYCB. BidaskClub cut shares of New York Community Bancorp from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Piper Jaffray Companies set a $11.00 target price on shares of New York Community Bancorp and gave the company a “sell” rating in a report on Thursday, August 17th. ValuEngine cut shares of New York Community Bancorp from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Morgan Stanley upped their target price on shares of New York Community Bancorp from $13.50 to $14.00 and gave the company an “equal weight” rating in a report on Tuesday, June 6th. Finally, Zacks Investment Research raised shares of New York Community Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $14.03.
The firm has a 50-day moving average price of $12.48 and a 200-day moving average price of $13.32. The stock has a market capitalization of $5.72 billion, a price-to-earnings ratio of 12.72 and a beta of 0.59.
New York Community Bancorp (NYSE:NYCB) last announced its earnings results on Wednesday, July 26th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.03. New York Community Bancorp had a net margin of 25.67% and a return on equity of 7.46%. The company had revenue of $338.21 million for the quarter, compared to analysts’ expectations of $326.36 million. During the same quarter in the previous year, the company posted $0.26 EPS. Equities research analysts anticipate that New York Community Bancorp, Inc. will post $0.79 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Monday, August 7th were paid a dividend of $0.17 per share. The ex-dividend date was Thursday, August 3rd. This represents a $0.68 annualized dividend and a yield of 5.67%. New York Community Bancorp’s dividend payout ratio (DPR) is presently 73.91%.
Institutional investors and hedge funds have recently made changes to their positions in the business. Pacer Advisors Inc. boosted its stake in New York Community Bancorp by 3.1% during the 1st quarter. Pacer Advisors Inc. now owns 9,389 shares of the financial services provider’s stock worth $131,000 after purchasing an additional 284 shares during the last quarter. Quantbot Technologies LP acquired a new stake in New York Community Bancorp during the 1st quarter worth $140,000. Sigma Planning Corp acquired a new stake in New York Community Bancorp during the 2nd quarter worth $135,000. BB&T Securities LLC acquired a new stake in New York Community Bancorp during the 2nd quarter worth $135,000. Finally, Hartford Investment Management Co. acquired a new stake in New York Community Bancorp during the 2nd quarter worth $138,000. 57.50% of the stock is currently owned by institutional investors.
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About New York Community Bancorp
New York Community Bancorp, Inc is a multi-bank holding company. The Company operates through its subsidiaries, New York Community Bank (the Community Bank) and New York Commercial Bank (the Commercial Bank) (collectively, the Banks). The Company’s operations are divided into two segments: Banking Operations and Residential Mortgage Banking.
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