New York Community Bancorp, Inc. (NYSE:NYCB) Given Average Rating of “Hold” by Analysts

New York Community Bancorp, Inc. (NYSE:NYCBGet Free Report) has been given an average rating of “Hold” by the fifteen brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, thirteen have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $5.39.

A number of equities research analysts have recently commented on the stock. Royal Bank of Canada lowered their price target on shares of New York Community Bancorp from $5.00 to $4.00 and set a “sector perform” rating for the company in a report on Tuesday, April 9th. StockNews.com upgraded shares of New York Community Bancorp to a “sell” rating in a report on Monday, April 29th. Piper Sandler upgraded shares of New York Community Bancorp from a “neutral” rating to an “overweight” rating and set a $4.00 target price for the company in a report on Wednesday, May 1st. Citigroup decreased their price objective on shares of New York Community Bancorp from $5.00 to $3.50 and set a “neutral” rating for the company in a research note on Thursday, March 7th. Finally, Barclays started coverage on shares of New York Community Bancorp in a research note on Friday, March 8th. They set an “equal weight” rating and a $4.00 price objective for the company.

Read Our Latest Stock Report on New York Community Bancorp

New York Community Bancorp Trading Down 3.3 %

NYSE NYCB opened at $3.08 on Friday. New York Community Bancorp has a 12 month low of $1.70 and a 12 month high of $14.22. The company has a debt-to-equity ratio of 3.39, a current ratio of 1.27 and a quick ratio of 1.26. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 307.50 and a beta of 0.98. The firm’s fifty day moving average price is $3.25 and its 200 day moving average price is $5.59.

New York Community Bancorp (NYSE:NYCBGet Free Report) last announced its quarterly earnings data 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 firm had revenue of $633.00 million during the quarter, compared to analysts’ expectations of $776.81 million. New York Community Bancorp had a net margin of 0.62% and a return on equity of 2.91%. The business’s revenue for the quarter was down 76.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.23 earnings per share. On average, sell-side analysts expect that New York Community Bancorp will post -0.49 earnings per share for the current fiscal year.

New York Community Bancorp Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, June 7th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.30%. New York Community Bancorp’s dividend payout ratio (DPR) is 400.00%.

Insiders Place Their Bets

In other New York Community Bancorp news, Director Marshall Lux bought 27,100 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were bought at an average cost of $3.69 per share, with a total value of $99,999.00. Following the completion of the acquisition, the director now owns 64,872 shares of the company’s stock, valued at $239,377.68. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.38% of the stock is owned by corporate insiders.

Institutional Trading of New York Community Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the business. Moody Lynn & Lieberson LLC grew its position in shares of New York Community Bancorp by 7.1% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 15,150 shares of the financial services provider’s stock worth $155,000 after acquiring an additional 1,000 shares during the last quarter. HB Wealth Management LLC grew its position in shares of New York Community Bancorp by 7.2% during the fourth quarter. HB Wealth Management LLC now owns 20,299 shares of the financial services provider’s stock worth $208,000 after acquiring an additional 1,371 shares during the last quarter. Treasurer of the State of North Carolina grew its position in shares of New York Community Bancorp by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 312,764 shares of the financial services provider’s stock worth $3,547,000 after acquiring an additional 1,590 shares during the last quarter. Xponance Inc. grew its position in shares of New York Community Bancorp by 1.9% during the fourth quarter. Xponance Inc. now owns 88,491 shares of the financial services provider’s stock worth $905,000 after acquiring an additional 1,651 shares during the last quarter. Finally, Resources Management Corp CT ADV grew its position in shares of New York Community Bancorp by 1.4% during the third quarter. Resources Management Corp CT ADV now owns 128,785 shares of the financial services provider’s stock worth $1,460,000 after acquiring an additional 1,810 shares during the last quarter. 67.88% of the stock is owned by institutional investors and hedge funds.

New York Community Bancorp Company Profile

(Get Free Report

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.

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Analyst Recommendations for New York Community Bancorp (NYSE:NYCB)

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