New York Community Bancorp, Inc. Plans Quarterly Dividend of $0.01 (NYSE:NYCB)

New York Community Bancorp, Inc. (NYSE:NYCB) announced a quarterly dividend on Friday, October 25th, RTT News reports. Investors of record on Saturday, December 7th will be paid a dividend of 0.01 per share by the financial services provider on Tuesday, December 17th. This represents a $0.04 annualized dividend and a dividend yield of 0.38%.

New York Community Bancorp has a payout ratio of 66.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect New York Community Bancorp to earn $0.06 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 66.7%.

New York Community Bancorp Stock Down 8.1 %

Shares of NYSE:NYCB opened at $10.57 on Friday. The firm has a market cap of $4.39 billion, a P/E ratio of -3.83 and a beta of 1.00. New York Community Bancorp has a 12-month low of $5.10 and a 12-month high of $34.47. The business has a fifty day simple moving average of $11.11 and a 200 day simple moving average of $12.17. The company has a quick ratio of 1.17, a current ratio of 1.27 and a debt-to-equity ratio of 3.66.

New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported ($3.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.26) by ($1.89). New York Community Bancorp had a negative return on equity of 4.49% and a negative net margin of 10.78%. The company had revenue of $671.00 million for the quarter, compared to the consensus estimate of $722.47 million. During the same quarter last year, the business earned $4.23 earnings per share. New York Community Bancorp’s revenue was down 44.2% compared to the same quarter last year. Analysts predict that New York Community Bancorp will post -2.41 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Barclays raised shares of New York Community Bancorp from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $10.00 to $14.00 in a research note on Thursday, September 26th. JPMorgan Chase & Co. upped their price objective on shares of New York Community Bancorp from $11.50 to $12.50 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods lifted their price objective on shares of New York Community Bancorp from $11.25 to $33.75 and gave the company a “market perform” rating in a report on Monday, July 15th. Wedbush restated a “neutral” rating and issued a $31.50 target price on shares of New York Community Bancorp in a report on Friday, July 26th. Finally, Citigroup increased their price objective on New York Community Bancorp from $10.50 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $17.48.

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.