New York Community Bancorp, Inc. (NYSE:NYCB) Director Peter Schoels Acquires 100,000 Shares

New York Community Bancorp, Inc. (NYSE:NYCBGet Free Report) Director Peter Schoels acquired 100,000 shares of New York Community Bancorp stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average cost of $4.15 per share, with a total value of $415,000.00. Following the completion of the purchase, the director now owns 147,438 shares in the company, valued at approximately $611,867.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

New York Community Bancorp Stock Performance

NYCB opened at $4.90 on Friday. New York Community Bancorp, Inc. has a 12-month low of $3.60 and a 12-month high of $14.22. The firm has a market capitalization of $3.54 billion, a P/E ratio of 1.47, a price-to-earnings-growth ratio of 0.54 and a beta of 1.03. The stock’s 50 day moving average price is $9.50 and its two-hundred day moving average price is $10.55. The company has a quick ratio of 1.17, a current ratio of 1.18 and a debt-to-equity ratio of 2.06.

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 for the quarter, missing the consensus estimate of $0.29 by ($0.56). New York Community Bancorp had a return on equity of 5.85% and a net margin of 28.96%. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $935.90 million. During the same period in the previous year, the business posted $0.25 EPS. On average, equities analysts forecast that New York Community Bancorp, Inc. will post 0.77 earnings per share for the current year.

New York Community Bancorp Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Jefferies Financial Group downgraded New York Community Bancorp from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $13.00 to $7.00 in a research note on Thursday, February 1st. Morgan Stanley cut their price target on New York Community Bancorp from $7.00 to $6.00 and set an “equal weight” rating for the company in a research note on Wednesday. Deutsche Bank Aktiengesellschaft downgraded New York Community Bancorp from a “buy” rating to a “hold” rating and cut their price target for the stock from $15.00 to $7.00 in a research note on Friday, February 2nd. DA Davidson downgraded New York Community Bancorp from a “buy” rating to a “neutral” rating and cut their price target for the stock from $8.50 to $5.00 in a research note on Thursday. Finally, TheStreet downgraded New York Community Bancorp from a “b-” rating to a “c+” rating in a research note on Monday. Two research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $8.29.

Read Our Latest Research Report on New York Community Bancorp

Institutional Trading of New York Community Bancorp

Several institutional investors have recently modified their holdings of NYCB. Advisory Services Network LLC lifted its position in shares of New York Community Bancorp by 206.7% during the 4th quarter. Advisory Services Network LLC now owns 68,542 shares of the financial services provider’s stock worth $701,000 after buying an additional 46,193 shares during the period. Orion Portfolio Solutions LLC lifted its position in shares of New York Community Bancorp by 9.0% during the 4th quarter. Orion Portfolio Solutions LLC now owns 227,141 shares of the financial services provider’s stock worth $2,405,000 after buying an additional 18,682 shares during the period. Oxford Asset Management LLP bought a new position in shares of New York Community Bancorp during the 4th quarter worth approximately $269,000. Hohimer Wealth Management LLC lifted its position in shares of New York Community Bancorp by 12.1% during the 4th quarter. Hohimer Wealth Management LLC now owns 103,350 shares of the financial services provider’s stock worth $1,057,000 after buying an additional 11,148 shares during the period. Finally, Trexquant Investment LP bought a new position in shares of New York Community Bancorp during the 4th quarter worth approximately $1,495,000. Institutional investors and hedge funds 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.

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