New York Community Bancorp Target of Unusually High Options Trading (NYSE:NYCB)

New York Community Bancorp, Inc. (NYSE:NYCB) was the recipient of unusually large options trading on Monday. Stock traders acquired 31,848 call options on the stock. This represents an increase of 82% compared to the average volume of 17,522 call options.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Norges Bank bought a new stake in shares of New York Community Bancorp in the 4th quarter worth approximately $77,628,000. Renaissance Technologies LLC lifted its holdings in shares of New York Community Bancorp by 995.2% in the 2nd quarter. Renaissance Technologies LLC now owns 4,116,786 shares of the financial services provider’s stock worth $13,256,000 after purchasing an additional 3,740,900 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of New York Community Bancorp by 353.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,830,195 shares of the financial services provider’s stock worth $28,953,000 after purchasing an additional 2,206,140 shares during the last quarter. Private Management Group Inc. lifted its holdings in shares of New York Community Bancorp by 1,639.1% in the 1st quarter. Private Management Group Inc. now owns 1,899,114 shares of the financial services provider’s stock worth $6,115,000 after purchasing an additional 1,789,914 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new stake in shares of New York Community Bancorp in the 2nd quarter worth approximately $5,401,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NYCB shares. Keefe, Bruyette & Woods increased their target price on New York Community Bancorp from $11.25 to $33.75 and gave the stock a “market perform” rating in a research report on Monday, July 15th. Piper Sandler upgraded New York Community Bancorp from a “neutral” rating to an “overweight” rating and set a $12.00 price objective on the stock in a report on Wednesday, May 1st. StockNews.com upgraded New York Community Bancorp to a “sell” rating in a report on Friday, July 19th. Wedbush restated a “neutral” rating and issued a $31.50 price objective on shares of New York Community Bancorp in a report on Friday, July 26th. Finally, Citigroup raised their price objective on New York Community Bancorp from $10.50 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, July 3rd. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, New York Community Bancorp currently has a consensus rating of “Hold” and an average target price of $18.91.

New York Community Bancorp Stock Up 1.1 %

NYSE NYCB traded up $0.12 during mid-day trading on Monday, reaching $11.16. 2,895,782 shares of the company’s stock traded hands, compared to its average volume of 9,003,792. New York Community Bancorp has a 1-year low of $5.10 and a 1-year high of $37.41. The company has a fifty day simple moving average of $15.31 and a 200-day simple moving average of $12.48. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 3.66. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 369.00 and a beta of 0.99.

New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported ($3.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.26) by ($1.89). The business had revenue of $671.00 million for the quarter, compared to analyst estimates of $722.47 million. New York Community Bancorp had a negative net margin of 10.78% and a negative return on equity of 4.49%. New York Community Bancorp’s revenue for the quarter was down 44.2% compared to the same quarter last year. During the same quarter last year, the business earned $4.23 EPS. As a group, equities research analysts expect that New York Community Bancorp will post -2.45 EPS for the current year.

New York Community Bancorp Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Saturday, September 7th will be given a $0.01 dividend. The ex-dividend date is Friday, September 6th. This represents a $0.04 annualized dividend and a dividend yield of 0.36%. New York Community Bancorp’s payout ratio is 400.00%.

New York Community Bancorp Company Profile

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.