New York Community Bancorp (NYSE:NYCB) Stock Price Up 1.8%

New York Community Bancorp, Inc. (NYSE:NYCB - Get Free Report)'s stock price rose 1.8% during trading on Monday . The stock traded as high as $2.97 and last traded at $2.89. Approximately 7,117,548 shares traded hands during trading, a decline of 81% from the average daily volume of 36,671,121 shares. The stock had previously closed at $2.84.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NYCB. Citigroup cut their price target on shares of New York Community Bancorp from $5.00 to $3.50 and set a "neutral" rating for the company in a research note on Thursday, March 7th. DA Davidson lowered shares of New York Community Bancorp from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $8.50 to $5.00 in a research report on Thursday, February 8th. Compass Point downgraded shares of New York Community Bancorp from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $16.00 to $8.00 in a research note on Thursday, February 1st. Piper Sandler restated a "neutral" rating and issued a $5.00 price target (down from $8.00) on shares of New York Community Bancorp in a research note on Friday, March 1st. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of New York Community Bancorp from a "buy" rating to a "hold" rating and reduced their price target for the company from $15.00 to $7.00 in a research note on Friday, February 2nd. Three analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $5.43.

New York Community Bancorp Stock Up 2.6 %

The company has a current ratio of 1.18, a quick ratio of 1.17 and a debt-to-equity ratio of 2.70. The stock has a market capitalization of $2.33 billion, a PE ratio of 0.87, a P/E/G ratio of 31.60 and a beta of 0.92. The stock's fifty day simple moving average is $3.85 and its 200-day simple moving average is $7.80.

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 analysts' consensus estimates of $0.29 by ($0.56). New York Community Bancorp had a net margin of 28.96% and a return on equity of 6.22%. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $935.90 million. During the same quarter in the prior year, the firm posted $0.25 earnings per share. As a group, sell-side analysts forecast that New York Community Bancorp, Inc. will post 0.01 EPS for the current fiscal year.

New York Community Bancorp Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 6.86%. The ex-dividend date was Tuesday, February 13th. New York Community Bancorp's dividend payout ratio (DPR) is 6.01%.

Insider Buying and Selling

In other news, EVP Lee Matthew Smith bought 25,000 shares of the business's stock in a transaction on Friday, February 9th. The stock was acquired at an average price of $4.05 per share, with a total value of $101,250.00. Following the completion of the purchase, the executive vice president now directly owns 1,440,683 shares in the company, valued at $5,834,766.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Thomas R. Cangemi bought 11,310 shares of the business's stock in a transaction on Friday, February 9th. The stock was acquired at an average price of $4.41 per share, with a total value of $49,877.10. Following the completion of the purchase, the chief executive officer now directly owns 69,704 shares in the company, valued at $307,394.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lee Matthew Smith acquired 25,000 shares of the company's stock in a transaction dated Friday, February 9th. The shares were bought at an average cost of $4.05 per share, with a total value of $101,250.00. Following the purchase, the executive vice president now owns 1,440,683 shares of the company's stock, valued at approximately $5,834,766.15. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 213,410 shares of company stock worth $875,626. Insiders own 1.62% of the company's stock.

Institutional Trading of New York Community Bancorp

Institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC boosted its stake in shares of New York Community Bancorp by 1,237.8% during the fourth quarter. International Assets Investment Management LLC now owns 484,124 shares of the financial services provider's stock valued at $47,324,000 after purchasing an additional 447,937 shares during the period. Nordea Investment Management AB purchased a new stake in New York Community Bancorp in the fourth quarter worth $1,755,000. AQR Capital Management LLC lifted its stake in New York Community Bancorp by 212.7% in the third quarter. AQR Capital Management LLC now owns 1,982,700 shares of the financial services provider's stock worth $22,444,000 after acquiring an additional 1,348,601 shares during the period. Pacer Advisors Inc. lifted its stake in New York Community Bancorp by 79.2% in the fourth quarter. Pacer Advisors Inc. now owns 108,619 shares of the financial services provider's stock worth $1,111,000 after acquiring an additional 47,996 shares during the period. Finally, State of Michigan Retirement System lifted its stake in New York Community Bancorp by 7.9% in the fourth quarter. State of Michigan Retirement System now owns 173,343 shares of the financial services provider's stock worth $1,773,000 after acquiring an additional 12,700 shares during the period. Hedge funds and other institutional investors 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.