New York Community Bancorp (NYSE:NYCB) Trading Up 2.2%

New York Community Bancorp, Inc. (NYSE:NYCB)’s stock price was up 2.2% during mid-day trading on Wednesday . The stock traded as high as $3.30 and last traded at $3.27. Approximately 7,181,853 shares changed hands during trading, a decline of 82% from the average daily volume of 39,520,352 shares. The stock had previously closed at $3.20.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. TheStreet lowered New York Community Bancorp from a “b-” rating to a “c+” rating in a research report on Monday, February 5th. Keefe, Bruyette & Woods cut shares of New York Community Bancorp from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $14.00 to $12.00 in a research note on Monday, December 18th. Raymond James lowered shares of New York Community Bancorp from a “market perform” rating to an “underperform” rating and set a $3.00 price target on the stock. in a research note on Monday, March 18th. Deutsche Bank Aktiengesellschaft lowered shares of New York Community Bancorp from a “buy” rating to a “hold” rating and reduced their price objective for the company from $15.00 to $7.00 in a research note on Friday, February 2nd. Finally, UBS Group downgraded shares of New York Community Bancorp from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Three equities research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $5.64.

New York Community Bancorp Trading Down 3.7 %

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 company has a market capitalization of $2.57 billion, a P/E ratio of 0.97, a P/E/G ratio of 2.30 and a beta of 0.95. The company has a 50-day simple moving average of $5.17 and a 200 day simple moving average of $8.49.

New York Community Bancorp (NYSE:NYCB) last announced its earnings results on Wednesday, January 31st. The financial services provider reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.56). New York Community Bancorp had a return on equity of 6.22% and a net margin of 28.96%. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $935.90 million. During the same period last year, the firm posted $0.25 EPS. Sell-side analysts expect that New York Community Bancorp, Inc. will post 0.15 earnings per share for the current year.

New York Community Bancorp Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 6.22%. The ex-dividend date was Tuesday, February 13th. New York Community Bancorp’s payout ratio is presently 6.01%.

Insider Buying and Selling

In other news, Director Marshall Lux acquired 27,100 shares of New York Community Bancorp stock in a transaction on Thursday, March 21st. The stock was bought at an average price of $3.69 per share, for a total transaction of $99,999.00. Following the transaction, the director now owns 64,872 shares of the company’s stock, valued at $239,377.68. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In other New York Community Bancorp news, Director Marshall Lux purchased 27,100 shares of the stock in a transaction on Thursday, March 21st. The shares were purchased at an average price of $3.69 per share, with a total value of $99,999.00. Following the acquisition, the director now directly owns 64,872 shares of the company’s stock, valued at approximately $239,377.68. The transaction 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 dated Friday, February 9th. The shares were acquired at an average cost of $4.05 per share, with a total value of $101,250.00. Following the completion of the acquisition, the executive vice president now directly owns 1,440,683 shares in the company, valued at approximately $5,834,766.15. The disclosure for this purchase can be found here. Insiders have bought a total of 213,410 shares of company stock valued at $875,626 over the last three months. 1.62% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On New York Community Bancorp

A number of institutional investors have recently added to or reduced their stakes in NYCB. Orion Capital Management LLC bought a new position in shares of New York Community Bancorp during the 3rd quarter worth approximately $28,000. Loomis Sayles & Co. L P bought a new position in shares of New York Community Bancorp during the third quarter valued at $29,000. Naples Money Management LLC acquired a new stake in shares of New York Community Bancorp in the 4th quarter valued at $30,000. Point72 Hong Kong Ltd bought a new stake in shares of New York Community Bancorp in the 2nd quarter worth about $27,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of New York Community Bancorp during the 2nd quarter worth about $35,000. 67.88% of the stock is owned by institutional investors and hedge funds.

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.