New York Community Bancorp, Inc. (NYSE:NYCB) Short Interest Update

New York Community Bancorp, Inc. (NYSE:NYCB) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 42,310,800 shares, a decline of 11.1% from the July 31st total of 47,568,600 shares. Currently, 9.4% of the shares of the company are short sold. Based on an average trading volume of 4,920,000 shares, the days-to-cover ratio is currently 8.6 days.

Shares of NYSE NYCB traded down $0.26 during midday trading on Friday, hitting $12.88. The company’s stock had a trading volume of 12,850,937 shares, compared to its average volume of 5,386,048. The stock has a fifty day moving average price of $11.55 and a 200 day moving average price of $11.14. New York Community Bancorp has a one year low of $8.61 and a one year high of $13.39. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 2.17. The firm has a market capitalization of $5.98 billion, a price-to-earnings ratio of 16.30, a P/E/G ratio of 1.65 and a beta of 0.99.

New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. The company had revenue of $255.29 million for the quarter, compared to analyst estimates of $255.49 million. New York Community Bancorp had a net margin of 21.73% and a return on equity of 6.52%. During the same quarter in the previous year, the firm posted $0.20 earnings per share. On average, equities research analysts predict that New York Community Bancorp will post 0.78 earnings per share for the current fiscal year.



The company also recently announced a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Monday, August 12th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date was Friday, August 9th. New York Community Bancorp’s dividend payout ratio (DPR) is presently 86.08%.

Institutional investors have recently bought and sold shares of the stock. Captrust Financial Advisors increased its holdings in New York Community Bancorp by 57.8% during the 2nd quarter. Captrust Financial Advisors now owns 2,730 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 1,000 shares during the period. TCI Wealth Advisors Inc. increased its holdings in New York Community Bancorp by 52.0% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 4,259 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 1,457 shares during the period. Quantamental Technologies LLC bought a new stake in New York Community Bancorp during the 2nd quarter worth approximately $61,000. Advisory Services Network LLC increased its holdings in New York Community Bancorp by 18.1% during the 2nd quarter. Advisory Services Network LLC now owns 6,933 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 1,063 shares during the period. Finally, TRUE Private Wealth Advisors bought a new stake in New York Community Bancorp during the 2nd quarter worth approximately $85,000. 64.03% of the stock is currently owned by institutional investors and hedge funds.

NYCB has been the topic of a number of research analyst reports. TheStreet upgraded shares of New York Community Bancorp from a “c+” rating to a “b-” rating in a research note on Thursday, August 15th. Sandler O’Neill lowered shares of New York Community Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 31st. B. Riley set a $13.00 price target on shares of New York Community Bancorp and gave the company a “buy” rating in a research report on Wednesday, July 31st. Bank of America set a $13.00 price target on shares of New York Community Bancorp and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Royal Bank of Canada initiated coverage on shares of New York Community Bancorp in a research report on Friday, July 12th. They issued an “outperform” rating and a $12.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $12.20.

About New York Community Bancorp

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.

Recommended Story: How are dividend achievers different from dividend aristocrats?

Receive News & Ratings for New York Community Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Community Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.