Shares of New York Community Bancorp, Inc. (NYSE:NYCB) have been assigned an average rating of “Hold” from the fourteen research firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation and ten have issued a hold recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $13.61.
Several equities research analysts have commented on the company. BidaskClub upgraded New York Community Bancorp from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. FBR & Co lowered their price objective on New York Community Bancorp from $13.00 to $12.00 and set an “underperform” rating on the stock in a research report on Thursday, April 27th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $13.50 price objective on shares of New York Community Bancorp in a research report on Wednesday, April 26th. Morgan Stanley restated an “equal weight” rating and issued a $13.75 price objective (down previously from $14.00) on shares of New York Community Bancorp in a research report on Friday, July 7th. Finally, Zacks Investment Research upgraded New York Community Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st.
Shares of New York Community Bancorp (NYSE NYCB) traded up 0.50% during mid-day trading on Tuesday, reaching $11.96. 3,017,515 shares of the company traded hands. The firm has a 50 day moving average of $12.83 and a 200-day moving average of $13.56. The stock has a market capitalization of $5.85 billion, a PE ratio of 13.01 and a beta of 0.58. New York Community Bancorp has a 52 week low of $11.86 and a 52 week high of $17.68.
New York Community Bancorp (NYSE:NYCB) last issued its earnings results on Wednesday, July 26th. The financial services provider reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.03. New York Community Bancorp had a return on equity of 7.46% and a net margin of 25.67%. The firm had revenue of $338.21 million for the quarter, compared to analyst estimates of $326.36 million. During the same quarter in the prior year, the firm earned $0.26 earnings per share. On average, equities research analysts expect that New York Community Bancorp will post $0.82 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Monday, August 7th were given a dividend of $0.17 per share. The ex-dividend date was Thursday, August 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.69%. New York Community Bancorp’s dividend payout ratio (DPR) is 73.91%.
Several hedge funds and other institutional investors have recently made changes to their positions in NYCB. Daiwa Securities Group Inc. increased its position in New York Community Bancorp by 12.6% in the first quarter. Daiwa Securities Group Inc. now owns 13,400 shares of the financial services provider’s stock valued at $187,000 after buying an additional 1,500 shares in the last quarter. Cadence Capital Management LLC increased its position in New York Community Bancorp by 16.4% in the first quarter. Cadence Capital Management LLC now owns 72,150 shares of the financial services provider’s stock valued at $1,008,000 after buying an additional 10,192 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in New York Community Bancorp during the first quarter valued at approximately $608,000. Massachusetts Financial Services Co. MA increased its position in New York Community Bancorp by 2.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,971,604 shares of the financial services provider’s stock valued at $27,543,000 after buying an additional 54,147 shares in the last quarter. Finally, Capstone Asset Management Co. increased its position in New York Community Bancorp by 2.3% in the first quarter. Capstone Asset Management Co. now owns 42,587 shares of the financial services provider’s stock valued at $595,000 after buying an additional 960 shares in the last quarter. Hedge funds and other institutional investors own 58.88% of the company’s stock.
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New York Community Bancorp Company Profile
New York Community Bancorp, Inc is a multi-bank holding company. The Company operates through its subsidiaries, New York Community Bank (the Community Bank) and New York Commercial Bank (the Commercial Bank) (collectively, the Banks). The Company’s operations are divided into two segments: Banking Operations and Residential Mortgage Banking.
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