Shares of New York Community Bancorp, Inc. (NYSE:NYCB) have received an average rating of “Hold” from the twelve research firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $11.93.
Several research analysts have recently issued reports on the company. B. Riley restated a “neutral” rating on shares of New York Community Bancorp in a research report on Wednesday, April 10th. Jefferies Financial Group started coverage on New York Community Bancorp in a report on Monday, April 8th. They set a “hold” rating and a $12.00 target price on the stock. Zacks Investment Research lowered New York Community Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, April 2nd. Morgan Stanley lowered New York Community Bancorp from an “equal weight” rating to an “underweight” rating and set a $11.50 target price on the stock. in a report on Monday, March 11th. Finally, UBS Group upgraded New York Community Bancorp from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $10.00 to $15.00 in a report on Wednesday, February 6th.
Shares of NYSE:NYCB traded down $0.36 during midday trading on Friday, hitting $10.64. The company had a trading volume of 190,442 shares, compared to its average volume of 4,867,051. New York Community Bancorp has a 12 month low of $8.61 and a 12 month high of $12.72. The company has a quick ratio of 1.35, a current ratio of 1.31 and a debt-to-equity ratio of 2.16. The firm has a market capitalization of $5.10 billion, a P/E ratio of 13.47, a P/E/G ratio of 1.38 and a beta of 0.97.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th will be issued a $0.17 dividend. The ex-dividend date is Monday, May 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.39%. New York Community Bancorp’s dividend payout ratio (DPR) is 86.08%.
In other news, Director Dominick Ciampa purchased 34,000 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were bought at an average cost of $11.61 per share, for a total transaction of $394,740.00. Following the completion of the acquisition, the director now directly owns 7,508 shares in the company, valued at approximately $87,167.88. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 3.31% of the company’s stock.
Several institutional investors have recently modified their holdings of NYCB. First Mercantile Trust Co. lifted its holdings in shares of New York Community Bancorp by 129.6% in the fourth quarter. First Mercantile Trust Co. now owns 3,100 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 1,750 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new stake in shares of New York Community Bancorp in the first quarter valued at about $40,000. Advisory Services Network LLC increased its position in shares of New York Community Bancorp by 20.1% in the fourth quarter. Advisory Services Network LLC now owns 5,960 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 999 shares during the last quarter. JOYN Advisors Inc. increased its position in shares of New York Community Bancorp by 140.2% in the fourth quarter. JOYN Advisors Inc. now owns 6,054 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 3,534 shares during the last quarter. Finally, Ipswich Investment Management Co. Inc. acquired a new stake in shares of New York Community Bancorp in the fourth quarter valued at about $58,000. Institutional investors own 66.13% of the company’s stock.
New York Community Bancorp Company Profile
New York Community Bancorp, Inc operates as a bank holding company for New York Community Bank that provides banking products and services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company offers various deposit products, including interest-bearing checking and money market, savings, non-interest-bearing, and individual retirement accounts, as well as certificates of deposit.
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