New York Community Bancorp, Inc. (NYSE:NYCB) Plans $0.01 Quarterly Dividend

New York Community Bancorp, Inc. (NYSE:NYCB - Get Free Report) declared a quarterly dividend on Wednesday, May 1st, RTT News reports. Stockholders of record on Friday, June 7th will be given a dividend of 0.01 per share by the financial services provider on Monday, June 17th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.18%.

New York Community Bancorp has a dividend payout ratio of 71.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect New York Community Bancorp to earn $0.28 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 71.4%.

New York Community Bancorp Stock Up 28.1 %

New York Community Bancorp stock traded up $0.75 during midday trading on Wednesday, reaching $3.40. The company's stock had a trading volume of 94,653,998 shares, compared to its average volume of 34,585,449. The stock's 50-day simple moving average is $3.40 and its 200-day simple moving average is $7.10. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.18 and a quick ratio of 1.17. New York Community Bancorp has a 52-week low of $1.70 and a 52-week high of $14.22. The stock has a market capitalization of $2.71 billion, a P/E ratio of 1.02 and a beta of 0.91.

New York Community Bancorp (NYSE:NYCB - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $1.59 billion during the quarter, compared to analysts' expectations of $935.90 million. New York Community Bancorp had a return on equity of 6.22% and a net margin of 28.96%. During the same quarter in the previous year, the business earned $0.25 earnings per share. On average, sell-side analysts expect that New York Community Bancorp will post -0.08 EPS for the current year.

Analyst Ratings Changes

Several analysts have commented on NYCB shares. Compass Point lowered New York Community Bancorp from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $16.00 to $8.00 in a report on Thursday, February 1st. Bank of America lowered New York Community Bancorp from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $8.50 to $5.00 in a report on Wednesday, February 7th. UBS Group lowered New York Community Bancorp from a "buy" rating to a "neutral" rating in a report on Monday, January 8th. Deutsche Bank Aktiengesellschaft lowered New York Community Bancorp from a "buy" rating to a "hold" rating and dropped their price objective for the company from $15.00 to $7.00 in a report on Friday, February 2nd. Finally, Morgan Stanley dropped their price objective on New York Community Bancorp from $6.00 to $4.00 and set an "equal weight" rating on the stock in a report on Thursday, March 7th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, New York Community Bancorp presently has a consensus rating of "Hold" and an average price target of $5.39.

Insider Buying and Selling at New York Community Bancorp

In related news, Director Marshall Lux bought 27,100 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was purchased at an average cost of $3.69 per share, with a total value of $99,999.00. Following the purchase, the director now directly owns 64,872 shares of the company's stock, valued at approximately $239,377.68. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Marshall Lux bought 27,100 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was purchased at an average cost of $3.69 per share, with a total value of $99,999.00. Following the purchase, the director now directly owns 64,872 shares of the company's stock, valued at approximately $239,377.68. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 cost of $4.41 per share, with a total value of $49,877.10. Following the completion of the transaction, the chief executive officer now owns 69,704 shares in the company, valued at approximately $307,394.64. The disclosure for this purchase can be found here. Insiders have acquired 213,410 shares of company stock worth $875,626 over the last quarter. 1.62% of the stock is currently owned by company insiders.

About New York Community Bancorp

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.