New York Community Bancorp, Inc. (NYSE:NYCB – Get Rating) has received a consensus rating of “Hold” from the eight rating agencies that cover the company, Marketbeat.com reports. One analyst rated the stock with a sell recommendation and three gave the company a hold recommendation. The 1-year average target price among analysts who have reported on the stock in the past year is $9.83.
Several equity research analysts have recently weighed in on NYCB stocks. Credit Suisse Group lowered its price target on New York Community Bancorp to $9.00 in a Thursday, October 13 report. Wedbush reaffirmed a “neutral” rating and set a target price of $10.00 on shares of New York Community Bancorp in a Wednesday, September 28 report. B. Riley reduced his target price on New York Community Bancorp from $11.00 to $10.00 in a Monday July 11 report. Compass Point cut its target price on New York Community Bancorp to $10.00 in a report on Thursday. Finally, StockNews.com began covering New York Community Bancorp in a Wednesday, October 12 report. They have set a “holding” rating on the stock.
Insider Activity at New York Community Bancorp
Separately, director Marshall Lux acquired 6,000 shares of the company in a transaction on Friday, September 30. The shares were purchased at an average cost of $8.63 per share, with a total value of $51,780.00. Following the acquisition, the director now owns 6,000 shares of the company, valued at approximately $51,780. The purchase was disclosed in a document filed with the SEC, accessible via this link. 1.58% of the shares are currently held by company insiders.
Hedge funds weigh on New York Community Bancorp
Several institutional investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its holdings of New York Community Bancorp shares by 6.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 123,953 shares of the financial services provider worth $1,316,000 after purchasing an additional 7,802 shares during the period. SkyOak Wealth LLC increased its holdings of New York Community Bancorp stock by 4.9% in the first quarter. SkyOak Wealth LLC now owns 32,300 shares of the financial services provider worth $346,000 after purchasing an additional 1,500 shares during the period. AE Wealth Management LLC increased its holdings of New York Community Bancorp shares by 7.9% in the first quarter. AE Wealth Management LLC now owns 32,452 shares of the financial services provider worth $348,000 after purchasing an additional 2,379 shares during the period. Wedbush Securities Inc. increased its stake in New York Community Bancorp by 5.2% in the first quarter. Wedbush Securities Inc. now owns 23,131 shares of the financial services provider worth $248,000 after purchasing an additional 1,133 shares during the period. Finally, Lindbrook Capital LLC increased its stake in New York Community Bancorp by 25,784.3% in the first quarter. Lindbrook Capital LLC now owns 93,701 shares of the financial services provider worth $1,004,000 after purchasing an additional 93,339 shares during the period. Hedge funds and other institutional investors own 62.84% of the company’s shares.
New York Community Bancorp is trading up 2.4%
NYSE NYCB opened at $8.49 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt ratio of 2.26. New York Community Bancorp has a 12-month low of $8.17 and a 12-month high of $14.33. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 6.79, a growth price-to-earnings ratio of 0.66 and a beta of 1.02. The company’s 50-day moving average is $9.42 and its 200-day moving average is $9.55.
New York Community Bancorp (NYSE:NYCB – Get Rating) last released quarterly earnings data on Wednesday, July 27. The financial services provider reported earnings per share of $0.35 for the quarter, beating the consensus estimate of $0.32 by $0.03. New York Community Bancorp had a return on equity of 10.00% and a net margin of 34.72%. The company posted revenue of $377.00 million for the quarter, versus a consensus estimate of $353.96 million. In the same quarter last year, the company posted EPS of $0.33. New York Community Bancorp’s revenue for the quarter increased 8.6% year on year. As a group, sell-side analysts expect New York Community Bancorp to post EPS of 1.29 for the current fiscal year.
New York Community Bancorp Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, August 18. Investors of record on Monday August 8 received a dividend of $0.17. This represents a dividend of $0.68 on an annualized basis and a yield of 8.01%. The ex-dividend date was Friday, August 5. New York Community Bancorp’s payout ratio is 54.40%.
New York Community Bancorp Company Profile
(Get a rating)
New York Community Bancorp, Inc operates as a banking holding company for New York Community Bank which provides banking products and services in the New York metropolitan area, New Jersey, Ohio, Florida and Arizona. The Company accepts various deposit products, such as interest-bearing checks and money market accounts, savings accounts, non-interest-bearing accounts and individual retirement accounts, as well as certificates of deposit.
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