New York Community Bancorp, Inc. (NYSE:NYCB) Receives $5.43 Consensus PT from Brokerages

New York Community Bancorp, Inc. (NYSE:NYCB - Get Free Report) has earned a consensus rating of "Reduce" from the fifteen research firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $5.43.

Several research analysts recently weighed in on NYCB shares. Bank of America cut New York Community Bancorp from a "buy" rating to a "neutral" rating and decreased their target price for the company from $8.50 to $5.00 in a research note on Wednesday, February 7th. JPMorgan Chase & Co. cut New York Community Bancorp from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $11.50 to $5.50 in a research note on Wednesday, February 7th. Wedbush decreased their target price on New York Community Bancorp from $3.50 to $3.00 and set an "underperform" rating for the company in a research note on Thursday, March 7th. Royal Bank of Canada decreased their price target on New York Community Bancorp from $5.00 to $4.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 9th. Finally, Jefferies Financial Group lowered New York Community Bancorp from a "buy" rating to a "hold" rating and decreased their price target for the company from $13.00 to $7.00 in a research report on Thursday, February 1st.

New York Community Bancorp Stock Performance

Shares of NYSE:NYCB traded up $0.02 on Thursday, hitting $3.08. The company's stock had a trading volume of 10,873,827 shares, compared to its average volume of 34,355,828. New York Community Bancorp has a 12 month low of $1.70 and a 12 month high of $14.22. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 0.92 and a beta of 0.91. The stock's 50-day moving average is $3.55 and its two-hundred day moving average is $7.34. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.17 and a current ratio of 1.18.

New York Community Bancorp (NYSE:NYCB - Get Free Report) last released its quarterly earnings results on Wednesday, January 31st. The financial services provider reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.56). New York Community Bancorp had a return on equity of 6.22% and a net margin of 28.96%. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $935.90 million. During the same period in the previous year, the company posted $0.25 EPS. On average, equities research analysts forecast that New York Community Bancorp will post -0.08 EPS for the current year.

New York Community Bancorp Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.50%. The ex-dividend date was Tuesday, February 13th. New York Community Bancorp's dividend payout ratio (DPR) is presently 6.01%.

Insider Transactions at New York Community Bancorp

In other news, CEO Thomas R. Cangemi purchased 11,310 shares of the business's stock in a transaction dated Friday, February 9th. The stock was bought at an average cost of $4.41 per share, with a total value of $49,877.10. Following the purchase, the chief executive officer now directly owns 69,704 shares of the company's stock, valued at $307,394.64. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Thomas R. Cangemi acquired 11,310 shares of the stock in a transaction dated Friday, February 9th. The shares were acquired at an average price of $4.41 per share, with a total value of $49,877.10. Following the acquisition, the chief executive officer now owns 69,704 shares in the company, valued at approximately $307,394.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter Schoels acquired 100,000 shares of the stock in a transaction dated Friday, February 9th. The shares were bought at an average cost of $4.15 per share, for a total transaction of $415,000.00. Following the acquisition, the director now owns 147,438 shares in the company, valued at approximately $611,867.70. The disclosure for this purchase can be found here. Insiders bought 213,410 shares of company stock valued at $875,626 in the last three months. Corporate insiders own 1.62% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC grew its holdings in New York Community Bancorp by 1,237.8% in the 4th quarter. International Assets Investment Management LLC now owns 484,124 shares of the financial services provider's stock valued at $47,324,000 after buying an additional 447,937 shares during the last quarter. Nordea Investment Management AB acquired a new stake in New York Community Bancorp in the 4th quarter valued at $1,755,000. AQR Capital Management LLC boosted its stake in New York Community Bancorp by 212.7% in the 3rd quarter. AQR Capital Management LLC now owns 1,982,700 shares of the financial services provider's stock valued at $22,444,000 after buying an additional 1,348,601 shares in the last quarter. Pacer Advisors Inc. boosted its stake in New York Community Bancorp by 79.2% in the 4th quarter. Pacer Advisors Inc. now owns 108,619 shares of the financial services provider's stock valued at $1,111,000 after buying an additional 47,996 shares in the last quarter. Finally, State of Michigan Retirement System boosted its stake in New York Community Bancorp by 7.9% in the 4th quarter. State of Michigan Retirement System now owns 173,343 shares of the financial services provider's stock valued at $1,773,000 after buying an additional 12,700 shares in the last quarter. Institutional investors and hedge funds own 67.88% of the company's stock.

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.