New York Community Bancorp, Inc. (NYSE:NYCB) Chairman Alessandro Dinello Purchases 50,000 Shares

New York Community Bancorp, Inc. (NYSE:NYCBGet Free Report) Chairman Alessandro Dinello bought 50,000 shares of the stock in a transaction on Friday, February 9th. The stock was acquired at an average price of $4.19 per share, with a total value of $209,500.00. Following the completion of the acquisition, the chairman now owns 114,305 shares of the company’s stock, valued at approximately $478,937.95. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

New York Community Bancorp Price Performance

Shares of NYSE NYCB opened at $4.90 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.18 and a debt-to-equity ratio of 2.06. The company has a market capitalization of $3.54 billion, a PE ratio of 1.47, a PEG ratio of 0.54 and a beta of 1.03. The stock’s 50 day moving average price is $9.50 and its 200-day moving average price is $10.55. New York Community Bancorp, Inc. has a twelve month low of $3.60 and a twelve month high of $14.22.

New York Community Bancorp (NYSE:NYCBGet Free Report) last announced its quarterly earnings data 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). The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $935.90 million. New York Community Bancorp had a net margin of 28.96% and a return on equity of 5.85%. During the same quarter last year, the company earned $0.25 EPS. On average, equities analysts anticipate that New York Community Bancorp, Inc. will post 0.77 EPS for the current year.

New York Community Bancorp Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 4.08%. The ex-dividend date of this dividend is Tuesday, February 13th. New York Community Bancorp’s dividend payout ratio is 20.42%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NYCB. Deutsche Bank Aktiengesellschaft downgraded shares of New York Community Bancorp from a “buy” rating to a “hold” rating and dropped their target price for the company from $15.00 to $7.00 in a research report on Friday, February 2nd. Bank of America downgraded New York Community Bancorp from a “buy” rating to a “neutral” rating and reduced their target price for the company from $8.50 to $5.00 in a research note on Wednesday. Morgan Stanley dropped their price target on New York Community Bancorp from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Raymond James cut New York Community Bancorp from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, January 31st. Finally, TheStreet lowered New York Community Bancorp from a “b-” rating to a “c+” rating in a research report on Monday. Two equities research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $8.29.

Check Out Our Latest Research Report on NYCB

Institutional Investors Weigh In On New York Community Bancorp

Hedge funds have recently modified their holdings of the stock. Jackson Creek Investment Advisors LLC purchased a new stake in New York Community Bancorp during the third quarter valued at about $371,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of New York Community Bancorp during the third quarter worth $1,451,000. The Manufacturers Life Insurance Company lifted its position in shares of New York Community Bancorp by 163.9% during the second quarter. The Manufacturers Life Insurance Company now owns 1,399,243 shares of the financial services provider’s stock worth $15,727,000 after acquiring an additional 868,943 shares in the last quarter. Fox Run Management L.L.C. boosted its holdings in shares of New York Community Bancorp by 17.9% in the third quarter. Fox Run Management L.L.C. now owns 23,323 shares of the financial services provider’s stock worth $264,000 after acquiring an additional 3,539 shares during the period. Finally, Barclays PLC lifted its holdings in New York Community Bancorp by 12.0% during the 3rd quarter. Barclays PLC now owns 1,682,646 shares of the financial services provider’s stock worth $19,082,000 after purchasing an additional 180,146 shares in the last quarter. Institutional investors own 67.52% of the company’s stock.

About New York Community Bancorp

(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.

See Also

Receive News & Ratings for New York Community Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Community Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.