New York Community Bancorp, Inc. (NYSE:NYCB – Get Free Report) declared a quarterly dividend on Monday, August 5th, RTT News reports. Stockholders of record on Saturday, September 7th will be paid a dividend of 0.01 per share by the financial services provider on Tuesday, September 17th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date is Friday, September 6th.
New York Community Bancorp has a payout ratio of 80.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect New York Community Bancorp to earn $0.02 per share next year, which means the company may not be able to cover its $0.04 annual dividend with an expected future payout ratio of 200.0%.
New York Community Bancorp Price Performance
Shares of New York Community Bancorp stock opened at $10.35 on Thursday. New York Community Bancorp has a twelve month low of $5.10 and a twelve month high of $36.54. The company has a quick ratio of 1.17, a current ratio of 1.27 and a debt-to-equity ratio of 3.66. The company has a 50-day simple moving average of $15.67 and a two-hundred day simple moving average of $12.16. The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of 348.00 and a beta of 1.00.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on NYCB. Keefe, Bruyette & Woods boosted their target price on shares of New York Community Bancorp from $11.25 to $33.75 and gave the company a “market perform” rating in a research report on Monday, July 15th. Wedbush restated a “neutral” rating and issued a $31.50 target price on shares of New York Community Bancorp in a research report on Friday, July 26th. Barclays boosted their target price on shares of New York Community Bancorp from $12.00 to $30.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Citigroup boosted their target price on shares of 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. Finally, StockNews.com upgraded shares of New York Community Bancorp to a “sell” rating in a research report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, New York Community Bancorp currently has an average rating of “Hold” and a consensus target price of $18.91.
View Our Latest Stock Report on New York Community Bancorp
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.
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