BidaskClub upgraded shares of New York Community Bancorp, Inc. (NYSE:NYCB) from a sell rating to a hold rating in a research note published on Wednesday.
NYCB has been the subject of a number of other reports. Zacks Investment Research upgraded shares of New York Community Bancorp from a strong sell rating to a hold rating in a research report on Wednesday, August 30th. Barclays PLC reduced their price target on shares of New York Community Bancorp from $14.00 to $12.00 and set an equal weight rating for the company in a research report on Wednesday, October 11th. Piper Jaffray Companies reiterated a sell rating and set a $11.00 price target on shares of New York Community Bancorp in a research report on Tuesday, October 24th. Finally, FBR & Co reiterated a sell rating on shares of New York Community Bancorp in a research report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. New York Community Bancorp has an average rating of Hold and a consensus target price of $12.45.
Shares of New York Community Bancorp (NYSE:NYCB) traded up $0.05 during trading hours on Wednesday, reaching $12.71. 2,712,658 shares of the company were exchanged, compared to its average volume of 4,038,320. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a market capitalization of $6,190.00, a P/E ratio of 14.91 and a beta of 0.57. New York Community Bancorp has a 1 year low of $11.67 and a 1 year high of $17.68.
New York Community Bancorp (NYSE:NYCB) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.04. The firm had revenue of $385.27 million during the quarter, compared to the consensus estimate of $313.64 million. New York Community Bancorp had a net margin of 24.22% and a return on equity of 7.17%. During the same quarter last year, the firm earned $0.26 earnings per share. analysts predict that New York Community Bancorp will post 0.68 earnings per share for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.35%. New York Community Bancorp’s payout ratio is 78.16%.
Institutional investors and hedge funds have recently modified their holdings of the company. Pacer Advisors Inc. increased its stake in shares of New York Community Bancorp by 8.3% during the 2nd quarter. Pacer Advisors Inc. now owns 10,168 shares of the financial services provider’s stock worth $134,000 after purchasing an additional 779 shares in the last quarter. Sigma Planning Corp purchased a new position in shares of New York Community Bancorp during the 2nd quarter worth approximately $135,000. BB&T Securities LLC purchased a new position in shares of New York Community Bancorp during the 2nd quarter worth approximately $135,000. Hartford Investment Management Co. purchased a new position in shares of New York Community Bancorp during the 2nd quarter worth approximately $138,000. Finally, Brown Advisory Inc. purchased a new position in shares of New York Community Bancorp during the 3rd quarter worth approximately $146,000. 57.88% of the stock is owned by institutional investors and hedge funds.
New York Community Bancorp Company Profile
New York Community Bancorp, Inc is a multi-bank holding company. The Company operates through its subsidiaries, New York Community Bank (the Community Bank) and New York Commercial Bank (the Commercial Bank) (collectively, the Banks). The Company’s operations are divided into two segments: Banking Operations and Residential Mortgage Banking.
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