New York Community Bancorp, Inc. (NYSE:NYCB) shares gapped up prior to trading on Tuesday . The stock had previously closed at $13.71, but opened at $13.63. New York Community Bancorp shares last traded at $13.72, with a volume of 2564571 shares changing hands.

NYCB has been the subject of a number of recent research reports. FBR & Co reiterated a “sell” rating on shares of New York Community Bancorp in a research note on Wednesday, October 25th. Piper Jaffray Companies restated a “sell” rating and set a $11.00 price target on shares of New York Community Bancorp in a research report on Tuesday, September 19th. BidaskClub upgraded shares of New York Community Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. Zacks Investment Research upgraded shares of New York Community Bancorp from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 30th. Finally, Barclays reduced their price target on shares of New York Community Bancorp from $14.00 to $12.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 11th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $12.45.

The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.98. The stock has a market cap of $6,600.00, a P/E ratio of 15.24 and a beta of 0.59.

New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.04. The business had revenue of $385.27 million during the quarter, compared to the consensus estimate of $313.64 million. New York Community Bancorp had a net margin of 24.22% and a return on equity of 7.17%. During the same period in the previous year, the firm posted $0.26 earnings per share. equities analysts predict that New York Community Bancorp, Inc. will post 0.68 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 5.04%. The ex-dividend date was Monday, November 6th. New York Community Bancorp’s dividend payout ratio is presently 78.16%.

A number of institutional investors have recently bought and sold shares of the business. Aperio Group LLC raised its stake in shares of New York Community Bancorp by 97.4% during the second quarter. Aperio Group LLC now owns 143,877 shares of the financial services provider’s stock valued at $1,889,000 after acquiring an additional 70,995 shares during the last quarter. US Bancorp DE raised its stake in shares of New York Community Bancorp by 12.8% during the second quarter. US Bancorp DE now owns 41,972 shares of the financial services provider’s stock valued at $551,000 after acquiring an additional 4,757 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of New York Community Bancorp by 1,031.7% during the second quarter. Russell Investments Group Ltd. now owns 1,104,261 shares of the financial services provider’s stock valued at $14,500,000 after buying an additional 1,006,684 shares during the period. Hartford Investment Management Co. purchased a new position in shares of New York Community Bancorp during the second quarter valued at about $138,000. Finally, NGAM Advisors L.P. increased its position in shares of New York Community Bancorp by 8.5% during the second quarter. NGAM Advisors L.P. now owns 80,283 shares of the financial services provider’s stock valued at $1,054,000 after buying an additional 6,259 shares during the period. 58.50% of the stock is owned by institutional investors and hedge funds.

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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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