New York Community Bancorp, Inc. (NYSE:NYCB) EVP Buys $101,250.00 in Stock

New York Community Bancorp, Inc. (NYSE:NYCBGet Free Report) EVP Lee Matthew Smith purchased 25,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 1,440,683 shares in the company, valued at approximately $5,834,766.15. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

New York Community Bancorp Stock Performance

Shares of New York Community Bancorp stock opened at $4.90 on Friday. The firm has a market cap of $3.54 billion, a PE ratio of 1.47, a price-to-earnings-growth ratio of 0.64 and a beta of 1.03. New York Community Bancorp, Inc. has a 1 year low of $3.60 and a 1 year high of $14.22. The firm’s 50-day simple moving average is $9.40 and its 200-day simple moving average is $10.50. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.17 and a current ratio of 1.18.

New York Community Bancorp (NYSE:NYCBGet Free Report) last released 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). The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $935.90 million. New York Community Bancorp had a return on equity of 5.85% and a net margin of 28.96%. During the same quarter last year, the company earned $0.25 EPS. Equities analysts forecast that New York Community Bancorp, Inc. will post 0.71 earnings per share for the current fiscal year.

New York Community Bancorp Cuts Dividend

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

Institutional Investors Weigh In On New York Community Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of NYCB. Point72 Hong Kong Ltd acquired a new stake in shares of New York Community Bancorp in the second quarter valued at approximately $27,000. Orion Capital Management LLC acquired a new stake in shares of New York Community Bancorp in the third quarter valued at approximately $28,000. Loomis Sayles & Co. L P acquired a new stake in shares of New York Community Bancorp in the third quarter valued at approximately $29,000. Lazard Asset Management LLC acquired a new stake in shares of New York Community Bancorp in the fourth quarter valued at approximately $29,000. Finally, Naples Money Management LLC acquired a new stake in shares of New York Community Bancorp in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 67.52% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on NYCB. JPMorgan Chase & Co. cut shares of New York Community Bancorp from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $11.50 to $5.50 in a research report on Wednesday. Compass Point cut shares of New York Community Bancorp from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $16.00 to $8.00 in a research report on Thursday, February 1st. TheStreet cut shares of New York Community Bancorp from a “b-” rating to a “c+” rating in a research report on Monday, February 5th. Morgan Stanley decreased their price objective on shares of New York Community Bancorp from $7.00 to $6.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, Keefe, Bruyette & Woods cut shares of New York Community Bancorp from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $14.00 to $12.00 in a research report on Monday, December 18th. Two equities research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, New York Community Bancorp currently has an average rating of “Hold” and a consensus price target of $8.29.

View Our Latest Stock Report on NYCB

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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