New York Community Bancorp, Inc. (NYSE:NYCB – Get Free Report) 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.
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.
View Our Latest Stock Analysis on NYCB
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.
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