New York Community Bancorp, Inc. (NYSE:NYCB – Get Free Report) announced a quarterly dividend on Friday, October 25th, RTT News reports. Stockholders of record on Saturday, December 7th will be given a dividend of 0.01 per share by the financial services provider on Tuesday, December 17th. This represents a $0.04 annualized dividend and a dividend yield of 0.38%.
New York Community Bancorp has a payout ratio of 66.7% meaning its dividend is sufficiently covered by earnings. Analysts expect New York Community Bancorp to earn $0.06 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 66.7%.
New York Community Bancorp Stock Down 8.3 %
New York Community Bancorp stock traded down $0.95 during trading on Friday, hitting $10.55. 18,175,242 shares of the company were exchanged, compared to its average volume of 8,347,573. The business’s 50 day moving average is $11.12 and its 200 day moving average is $12.16. New York Community Bancorp has a 52 week low of $5.10 and a 52 week high of $34.47. The company has a market capitalization of $4.38 billion, a P/E ratio of -3.83 and a beta of 1.00. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 3.66.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on NYCB shares. Keefe, Bruyette & Woods boosted their price objective 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. Barclays raised New York Community Bancorp from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $10.00 to $14.00 in a research report on Thursday, September 26th. Raymond James raised New York Community Bancorp from an “underperform” rating to a “market perform” rating in a research report on Tuesday, September 17th. Wedbush reaffirmed a “neutral” rating and set a $31.50 price target on shares of New York Community Bancorp in a research report on Friday, July 26th. Finally, Citigroup upped their price target on New York Community Bancorp from $10.50 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday, July 3rd. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, New York Community Bancorp presently has an average rating of “Hold” and an average target price of $17.48.
Check Out Our Latest Stock Report on New York Community Bancorp
About New York Community Bancorp
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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