New York Community Bancorp, Inc. (NYSE:NYCB) CEO Acquires $49,877.10 in Stock

New York Community Bancorp, Inc. (NYSE:NYCBGet Free Report) CEO Thomas R. Cangemi acquired 11,310 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average price of $4.41 per share, for a total transaction of $49,877.10. Following the completion of the transaction, the chief executive officer now directly owns 69,704 shares in the company, valued at $307,394.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

New York Community Bancorp Stock Performance

Shares of NYSE:NYCB opened at $4.90 on Monday. The business’s fifty day moving average price is $9.40 and its two-hundred day moving average price is $10.49. New York Community Bancorp, Inc. has a fifty-two week low of $3.60 and a fifty-two week high of $14.22. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 1.47, a price-to-earnings-growth ratio of 0.69 and a beta of 1.03. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.18 and a quick ratio of 1.17.

New York Community Bancorp (NYSE:NYCBGet Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The financial services provider reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.56). The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $935.90 million. New York Community Bancorp had a return on equity of 5.85% and a net margin of 28.96%. During the same period in the prior year, the firm posted $0.25 EPS. As a group, analysts predict that New York Community Bancorp, Inc. will post 0.71 EPS for the current fiscal year.

New York Community Bancorp Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 4.08%. The ex-dividend date is Tuesday, February 13th. New York Community Bancorp’s dividend payout ratio (DPR) is presently 20.42%.

Hedge Funds Weigh In On New York Community Bancorp

Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of New York Community Bancorp by 6.2% in the first quarter. JPMorgan Chase & Co. now owns 1,081,423 shares of the financial services provider’s stock worth $11,593,000 after acquiring an additional 63,418 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of New York Community Bancorp by 95.1% in the first quarter. American Century Companies Inc. now owns 146,581 shares of the financial services provider’s stock worth $1,571,000 after acquiring an additional 71,460 shares in the last quarter. US Bancorp DE increased its holdings in shares of New York Community Bancorp by 2.7% in the first quarter. US Bancorp DE now owns 60,084 shares of the financial services provider’s stock worth $644,000 after acquiring an additional 1,587 shares in the last quarter. AlphaCrest Capital Management LLC increased its holdings in shares of New York Community Bancorp by 122.0% in the first quarter. AlphaCrest Capital Management LLC now owns 36,608 shares of the financial services provider’s stock worth $392,000 after acquiring an additional 20,121 shares in the last quarter. Finally, Natixis Advisors L.P. bought a new stake in shares of New York Community Bancorp in the first quarter worth about $235,000. Institutional investors and hedge funds own 67.52% of the company’s stock.

Wall Street Analysts Forecast Growth

NYCB has been the subject of several analyst reports. Wedbush reissued an “underperform” rating and issued a $6.00 target price on shares of New York Community Bancorp in a research note on Thursday, February 1st. UBS Group cut New York Community Bancorp from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Royal Bank of Canada cut New York Community Bancorp from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $13.00 to $7.00 in a report on Thursday, February 1st. Keefe, Bruyette & Woods cut New York Community Bancorp from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $14.00 to $12.00 in a report on Monday, December 18th. Finally, StockNews.com cut New York Community Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company’s stock. Based on data from MarketBeat.com, New York Community Bancorp has an average rating of “Hold” and a consensus target price of $8.29.

Read Our Latest Analysis on New York Community Bancorp

About New York Community Bancorp

(Get Free Report)

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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