New York Community Bancorp (NYSE:NYCB) Trading Up 0.3%

New York Community Bancorp, Inc. (NYSE:NYCB) rose 0.3% during mid-day trading on Wednesday . The company traded as high as $2.95 and last traded at $2.92. Approximately 10,803,152 shares traded hands during trading, a decline of 49% from the average daily volume of 21,008,084 shares. The stock had previously closed at $2.91.

Wall Street Analysts Forecast Growth

NYCB has been the topic of a number of recent research reports. Piper Sandler reiterated a “neutral” rating and set a $5.00 price objective (down from $8.00) on shares of New York Community Bancorp in a research note on Friday, March 1st. Wedbush decreased their target price on shares of New York Community Bancorp from $3.50 to $3.00 and set an “underperform” rating for the company in a research report on Thursday, March 7th. Deutsche Bank Aktiengesellschaft cut shares of New York Community Bancorp from a “buy” rating to a “hold” rating and decreased their target price for the company from $15.00 to $7.00 in a research report on Friday, February 2nd. StockNews.com raised shares of New York Community Bancorp to a “sell” rating in a research report on Monday. Finally, Raymond James cut shares of New York Community Bancorp from a “market perform” rating to an “underperform” rating and set a $3.00 target price for the company. in a research report on Monday, March 18th. Three analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $5.43.

New York Community Bancorp Trading Down 0.7 %

The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 0.89 and a beta of 0.91. The company’s 50-day moving average price is $3.72 and its 200-day moving average price is $7.61. The company has a quick ratio of 1.17, a current ratio of 1.18 and a debt-to-equity ratio of 2.70.

New York Community Bancorp (NYSE:NYCB) last released its earnings results on Wednesday, January 31st. The financial services provider reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.56). The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $935.90 million. New York Community Bancorp had a return on equity of 6.22% and a net margin of 28.96%. During the same period in the prior year, the firm earned $0.25 EPS. Equities analysts expect that New York Community Bancorp, Inc. will post -0.08 EPS for the current fiscal year.

New York Community Bancorp Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.78%. New York Community Bancorp’s dividend payout ratio is currently 6.01%.

Insider Transactions at New York Community Bancorp

In other New York Community Bancorp news, Director Marshall Lux acquired 27,100 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was bought at an average price of $3.69 per share, with a total value of $99,999.00. Following the purchase, the director now owns 64,872 shares in the company, valued at $239,377.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other New York Community Bancorp news, Director Marshall Lux acquired 27,100 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was bought at an average price of $3.69 per share, with a total value of $99,999.00. Following the purchase, the director now owns 64,872 shares in the company, valued at $239,377.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Alessandro Dinello purchased 50,000 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was purchased at an average cost of $4.19 per share, with a total value of $209,500.00. Following the purchase, the chairman now owns 114,305 shares in the company, valued at $478,937.95. The disclosure for this purchase can be found here. Insiders purchased 213,410 shares of company stock valued at $875,626 over the last 90 days. Corporate insiders own 1.62% of the company’s stock.

Hedge Funds Weigh In On New York Community Bancorp

Several large investors have recently made changes to their positions in NYCB. Point72 Hong Kong Ltd acquired a new stake in New York Community Bancorp during the 2nd quarter worth approximately $27,000. Versant Capital Management Inc grew its position in shares of New York Community Bancorp by 3,583.0% in the 1st quarter. Versant Capital Management Inc now owns 8,250 shares of the financial services provider’s stock valued at $27,000 after buying an additional 8,026 shares during the last quarter. Orion Capital Management LLC purchased a new position in shares of New York Community Bancorp in the 3rd quarter valued at $28,000. Lazard Asset Management LLC purchased a new position in shares of New York Community Bancorp in the 4th quarter valued at $29,000. Finally, Loomis Sayles & Co. L P purchased a new position in shares of New York Community Bancorp in the 3rd quarter valued at $29,000. 67.88% of the stock is currently 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.