New York Community Bancorp Sees Unusually Large Options Volume (NYSE:NYCB)

New York Community Bancorp, Inc. (NYSE:NYCB) was the recipient of some unusual options trading on Wednesday. Stock traders acquired 13,399 call options on the company. This is an increase of 4,396% compared to the average daily volume of 298 call options.

A number of equities research analysts recently weighed in on NYCB shares. Zacks Investment Research raised New York Community Bancorp from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a report on Thursday, February 14th. Jefferies Financial Group started coverage on New York Community Bancorp in a report on Monday, April 8th. They set a “hold” rating and a $12.00 price target for the company. B. Riley reissued a “neutral” rating on shares of New York Community Bancorp in a research note on Wednesday, April 10th. Finally, Morgan Stanley cut New York Community Bancorp from an “equal weight” rating to an “underweight” rating and set a $11.50 target price for the company. in a research note on Monday, March 11th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $12.06.

NYSE NYCB opened at $9.65 on Friday. The firm has a market capitalization of $4.85 billion, a PE ratio of 12.22, a PEG ratio of 1.32 and a beta of 1.04. New York Community Bancorp has a 52 week low of $8.61 and a 52 week high of $12.72. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 2.16.

New York Community Bancorp (NYSE:NYCB) last released its earnings results on Tuesday, April 30th. The financial services provider reported $0.19 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. The company had revenue of $266.11 million during the quarter, compared to analysts’ expectations of $268.24 million. New York Community Bancorp had a return on equity of 6.65% and a net margin of 22.65%. The business’s revenue for the quarter was down 9.2% on a year-over-year basis. During the same period last year, the firm earned $0.20 EPS. As a group, equities research analysts expect that New York Community Bancorp will post 0.79 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th were paid a $0.17 dividend. The ex-dividend date was Monday, May 13th. This represents a $0.68 annualized dividend and a dividend yield of 7.05%. New York Community Bancorp’s dividend payout ratio (DPR) is currently 86.08%.

In other New York Community Bancorp news, Director Hanif Dahya purchased 1,640 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was purchased at an average cost of $26.31 per share, with a total value of $43,148.40. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Dominick Ciampa purchased 34,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The shares were acquired at an average cost of $11.61 per share, with a total value of $394,740.00. Following the completion of the acquisition, the director now directly owns 7,508 shares in the company, valued at $87,167.88. The disclosure for this purchase can be found here. Company insiders own 3.31% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NYCB. Commonwealth Equity Services LLC boosted its position in shares of New York Community Bancorp by 0.6% in the 1st quarter. Commonwealth Equity Services LLC now owns 145,290 shares of the financial services provider’s stock worth $1,681,000 after purchasing an additional 916 shares during the last quarter. Advisory Services Network LLC boosted its position in shares of New York Community Bancorp by 20.1% in the 4th quarter. Advisory Services Network LLC now owns 5,960 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 999 shares during the last quarter. Cetera Advisor Networks LLC boosted its position in shares of New York Community Bancorp by 4.7% in the 1st quarter. Cetera Advisor Networks LLC now owns 28,351 shares of the financial services provider’s stock worth $331,000 after purchasing an additional 1,270 shares during the last quarter. Greenwich Wealth Management LLC boosted its position in shares of New York Community Bancorp by 11.1% in the 4th quarter. Greenwich Wealth Management LLC now owns 12,872 shares of the financial services provider’s stock worth $121,000 after purchasing an additional 1,290 shares during the last quarter. Finally, US Bancorp DE boosted its position in shares of New York Community Bancorp by 3.6% in the 1st quarter. US Bancorp DE now owns 42,681 shares of the financial services provider’s stock worth $494,000 after purchasing an additional 1,464 shares during the last quarter. 63.08% of the stock is owned by institutional investors.

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New York Community Bancorp Company Profile

New York Community Bancorp, Inc operates as a bank holding company for New York Community Bank that provides banking products and services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company offers various deposit products, including interest-bearing checking and money market, savings, non-interest-bearing, and individual retirement accounts, as well as certificates of deposit.

Further Reading: Price to Earnings Ratio (PE)

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