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

New York Community Bancorp, Inc. (NYSE:NYCB) announced a quarterly dividend on Wednesday, May 1st, RTT News reports. Shareholders of record on Friday, June 7th will be paid a dividend of 0.01 per share by the financial services provider on Monday, June 17th. This represents a $0.04 dividend on an annualized basis and a yield of 1.18%.

New York Community Bancorp has a payout ratio of 71.4% meaning its dividend is sufficiently covered by earnings. Analysts expect New York Community Bancorp to earn $0.28 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 71.4%.

New York Community Bancorp Trading Up 28.1 %

Shares of NYSE NYCB opened at $3.40 on Thursday. The company has a quick ratio of 1.17, a current ratio of 1.18 and a debt-to-equity ratio of 2.70. The business has a fifty day simple moving average of $3.40 and a two-hundred day simple moving average of $7.10. The firm has a market cap of $2.71 billion, a PE ratio of 1.02 and a beta of 0.95. New York Community Bancorp has a twelve month low of $1.70 and a twelve month high of $14.22.

New York Community Bancorp (NYSE:NYCB) last announced its quarterly earnings results 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). New York Community Bancorp had a net margin of 28.96% and a return on equity of 6.22%. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $935.90 million. During the same quarter in the prior year, the business posted $0.25 earnings per share. Analysts expect that New York Community Bancorp will post -0.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NYCB. TheStreet downgraded New York Community Bancorp from a “b-” rating to a “c+” rating in a report on Monday, February 5th. Raymond James downgraded New York Community Bancorp from a “market perform” rating to an “underperform” rating and set a $3.00 price target on the stock. in a report on Monday, March 18th. StockNews.com upgraded New York Community Bancorp to a “sell” rating in a report on Monday. Compass Point downgraded New York Community Bancorp from a “buy” rating to a “neutral” rating and cut their price target for the company from $16.00 to $8.00 in a report on Thursday, February 1st. Finally, UBS Group downgraded New York Community Bancorp from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, New York Community Bancorp currently has an average rating of “Hold” and an average price target of $5.39.

Insider Buying and Selling at New York Community Bancorp

In other news, CEO Thomas R. Cangemi purchased 11,310 shares of the company’s stock in a transaction on Friday, February 9th. The shares were acquired at an average price of $4.41 per share, for a total transaction of $49,877.10. Following the purchase, the chief executive officer now owns 69,704 shares in the company, valued at $307,394.64. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Chairman Alessandro Dinello acquired 50,000 shares of the firm’s stock in a transaction dated 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 acquisition, the chairman now directly owns 114,305 shares in the company, valued at approximately $478,937.95. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Thomas R. Cangemi acquired 11,310 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was bought at an average cost of $4.41 per share, with a total value of $49,877.10. Following the acquisition, the chief executive officer now owns 69,704 shares in the company, valued at $307,394.64. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 213,410 shares of company stock worth $875,626. 1.62% of the stock is currently owned by insiders.

New York Community Bancorp Company Profile

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.