New York Community Bancorp, Inc. (NYSE:NYCB) EVP Purchases $101,250.00 in Stock

New York Community Bancorp, Inc. (NYSE:NYCBGet Free Report) EVP Lee Matthew Smith bought 25,000 shares of the business’s stock in a transaction on Friday, February 9th. The shares were acquired at an average price of $4.05 per share, for a total transaction of $101,250.00. Following the completion of the transaction, the executive vice president now owns 1,440,683 shares in the company, valued at approximately $5,834,766.15. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

New York Community Bancorp Stock Performance

NYCB opened at $4.90 on Monday. The business’s 50-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 1 year low of $3.60 and a 1 year high of $14.22. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 1.47, a P/E/G 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 issued 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 5.85% and a net margin of 28.96%. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $935.90 million. During the same period last year, the firm earned $0.25 earnings per share. Equities analysts expect that New York Community Bancorp, Inc. will post 0.71 EPS for the current fiscal year.

New York Community Bancorp Cuts Dividend

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

Analyst Ratings Changes

A number of research firms have commented on NYCB. TheStreet lowered shares of New York Community Bancorp from a “b-” rating to a “c+” rating in a report on Monday, February 5th. Citigroup decreased their target price on New York Community Bancorp from $12.00 to $11.00 and set a “neutral” rating for the company in a research report on Thursday, December 14th. Royal Bank of Canada lowered shares of New York Community Bancorp from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $13.00 to $7.00 in a research note on Thursday, February 1st. UBS Group downgraded shares of New York Community Bancorp from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Finally, Morgan Stanley reduced their price target on shares of New York Community Bancorp from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $8.29.

Read Our Latest Research Report on NYCB

Institutional Investors Weigh In On New York Community Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Apollon Wealth Management LLC lifted its position in New York Community Bancorp by 5.9% during the 2nd quarter. Apollon Wealth Management LLC now owns 14,362 shares of the financial services provider’s stock worth $161,000 after buying an additional 800 shares in the last quarter. Fifth Third Bancorp lifted its position in New York Community Bancorp by 19.5% during the 2nd quarter. Fifth Third Bancorp now owns 5,156 shares of the financial services provider’s stock worth $58,000 after buying an additional 841 shares in the last quarter. AlphaMark Advisors LLC lifted its position in New York Community Bancorp by 11.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 9,420 shares of the financial services provider’s stock worth $106,000 after buying an additional 1,000 shares in the last quarter. Moody Lynn & Lieberson LLC raised its holdings in shares of New York Community Bancorp by 7.1% in the 4th quarter. Moody Lynn & Lieberson LLC now owns 15,150 shares of the financial services provider’s stock valued at $155,000 after purchasing an additional 1,000 shares during the period. Finally, Kestra Private Wealth Services LLC raised its holdings in shares of New York Community Bancorp by 5.0% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 23,282 shares of the financial services provider’s stock valued at $264,000 after purchasing an additional 1,118 shares during the period. 67.52% of the stock is owned by institutional investors.

New York Community Bancorp Company Profile

(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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