New York Community Bancorp, Inc. (NYSE:NYCB) Given Average Rating of “Hold” by Brokerages

New York Community Bancorp, Inc. (NYSE:NYCB) has earned a consensus rating of “Hold” from the fifteen brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and one has given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $5.39.

Several research firms have recently weighed in on NYCB. Morgan Stanley cut their target price on shares of New York Community Bancorp from $6.00 to $4.00 and set an “equal weight” rating for the company in a report on Thursday, March 7th. Deutsche Bank Aktiengesellschaft lowered shares of New York Community Bancorp from a “buy” rating to a “hold” rating and lowered their target price for the stock from $15.00 to $7.00 in a research note on Friday, February 2nd. Piper Sandler upgraded New York Community Bancorp from a “neutral” rating to an “overweight” rating and set a $4.00 price target for the company in a research note on Wednesday, May 1st. Wedbush upgraded New York Community Bancorp from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $3.00 to $3.50 in a research report on Wednesday, May 1st. Finally, StockNews.com raised New York Community Bancorp to a “sell” rating in a research note on Monday, April 29th.

Insider Activity

In related news, Director Marshall Lux acquired 27,100 shares of New York Community Bancorp stock in a transaction that occurred on Thursday, March 21st. The shares were purchased at an average price of $3.69 per share, for a total transaction of $99,999.00. Following the completion of the transaction, the director now owns 64,872 shares in the company, valued at approximately $239,377.68. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 6.38% of the company’s stock.

Institutional Investors Weigh In On New York Community Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of NYCB. Orion Capital Management LLC acquired a new stake in New York Community Bancorp during the third quarter worth $28,000. Loomis Sayles & Co. L P acquired a new stake in shares of New York Community Bancorp during the 3rd quarter worth about $29,000. Naples Money Management LLC purchased a new stake in New York Community Bancorp in the 4th quarter valued at about $30,000. Authentikos Wealth Advisory LLC acquired a new position in New York Community Bancorp in the third quarter valued at about $35,000. Finally, Wetzel Investment Advisors Inc. purchased a new position in New York Community Bancorp during the fourth quarter worth about $40,000. 67.88% of the stock is currently owned by institutional investors and hedge funds.

New York Community Bancorp Price Performance

Shares of NYCB opened at $3.33 on Monday. The business’s 50-day moving average is $3.30 and its two-hundred day moving average is $6.31. The company has a market capitalization of $2.73 billion, a P/E ratio of 333.00 and a beta of 0.95. New York Community Bancorp has a fifty-two week low of $1.70 and a fifty-two week high of $14.22. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.26 and a current ratio of 1.27.

New York Community Bancorp (NYSE:NYCB) last issued its earnings results on Wednesday, May 1st. The financial services provider reported ($0.25) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.01. New York Community Bancorp had a return on equity of 2.91% and a net margin of 0.62%. The firm had revenue of $633.00 million for the quarter, compared to the consensus estimate of $776.81 million. During the same quarter in the prior year, the business earned $0.23 earnings per share. The company’s revenue was down 76.1% compared to the same quarter last year. Research analysts predict that New York Community Bancorp will post -0.49 earnings per share for the current year.

New York Community Bancorp Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, June 7th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Friday, June 7th. New York Community Bancorp’s dividend payout ratio (DPR) is 2,000.00%.

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.