New York Community Bancorp, Inc. (NYSE:NYCB) Given Average Rating of “Hold” by Brokerages

New York Community Bancorp, Inc. (NYSE:NYCB) has been given a consensus rating of “Hold” by the fifteen analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $5.39.

Several brokerages have issued reports on NYCB. Compass Point cut shares of New York Community Bancorp from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $16.00 to $8.00 in a research note on Thursday, February 1st. Piper Sandler upgraded shares of New York Community Bancorp from a “neutral” rating to an “overweight” rating and set a $4.00 price objective for the company in a research report on Wednesday. Wedbush upgraded New York Community Bancorp from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $3.00 to $3.50 in a research report on Wednesday. DA Davidson cut New York Community Bancorp from a “buy” rating to a “neutral” rating and reduced their price target for the company from $8.50 to $5.00 in a report on Thursday, February 8th. Finally, Raymond James lowered New York Community Bancorp from a “market perform” rating to an “underperform” rating and set a $3.00 price objective on the stock. in a report on Monday, March 18th.

Insider Activity at New York Community Bancorp

In related news, Director Marshall Lux purchased 27,100 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was bought at an average price of $3.69 per share, with a total value of $99,999.00. Following the completion of the transaction, the director now owns 64,872 shares of the company’s stock, valued at approximately $239,377.68. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Peter Schoels acquired 100,000 shares of New York Community Bancorp stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average price 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 of the company’s stock, valued at approximately $611,867.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Marshall Lux bought 27,100 shares of the stock in a transaction on Thursday, March 21st. The stock was purchased at an average cost of $3.69 per share, with a total value of $99,999.00. Following the completion of the purchase, the director now directly owns 64,872 shares in the company, valued at approximately $239,377.68. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 213,410 shares of company stock valued at $875,626. 1.62% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On New York Community Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in NYCB. PL Capital Advisors LLC lifted its position in New York Community Bancorp by 25.3% during the first quarter. PL Capital Advisors LLC now owns 940,000 shares of the financial services provider’s stock worth $3,027,000 after buying an additional 190,000 shares during the period. Centric Wealth Management purchased a new position in shares of New York Community Bancorp during the 1st quarter worth about $264,000. Sequoia Financial Advisors LLC purchased a new position in shares of New York Community Bancorp during the 1st quarter worth about $39,000. Delta Financial Group Inc. boosted its position in shares of New York Community Bancorp by 314.7% in the first quarter. Delta Financial Group Inc. now owns 46,258 shares of the financial services provider’s stock worth $149,000 after acquiring an additional 35,104 shares during the last quarter. Finally, Mayflower Financial Advisors LLC purchased a new stake in New York Community Bancorp in the first quarter valued at approximately $39,000. Hedge funds and other institutional investors own 67.88% of the company’s stock.

New York Community Bancorp Stock Up 28.1 %

NYCB opened at $3.40 on Thursday. New York Community Bancorp has a 52 week low of $1.70 and a 52 week high of $14.22. The business has a 50 day moving average price of $3.40 and a two-hundred day moving average price of $7.10. 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 company has a market cap of $2.71 billion, a PE ratio of 1.02 and a beta of 0.91.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings results on Wednesday, January 31st. The financial services provider reported ($0.27) EPS for the quarter, missing the consensus estimate of $0.29 by ($0.56). New York Community Bancorp had a return on equity of 6.22% and a net margin of 28.96%. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $935.90 million. During the same quarter last year, the company earned $0.25 EPS. As a group, research analysts anticipate that New York Community Bancorp will post -0.08 EPS for the current year.

New York Community Bancorp Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, June 7th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.18%. New York Community Bancorp’s dividend payout ratio (DPR) is 6.01%.

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.