New York Community Bancorp (NYSE:NYCB) Trading 3.7% Higher

Shares of New York Community Bancorp, Inc. (NYSE:NYCB - Get Free Report) shot up 3.7% during trading on Monday . The company traded as high as $3.08 and last traded at $3.06. Approximately 3,379,451 shares were traded during trading, a decline of 90% from the average daily volume of 35,108,352 shares. The stock had previously closed at $2.95.

Analyst Ratings Changes

Several research analysts recently weighed in on NYCB shares. UBS Group lowered New York Community Bancorp from a "buy" rating to a "neutral" rating in a research report on Monday, January 8th. JPMorgan Chase & Co. cut shares of New York Community Bancorp from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $11.50 to $5.50 in a research report on Wednesday, February 7th. Royal Bank of Canada lowered their price objective on shares of 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. Wedbush lowered their price target on New York Community Bancorp from $3.50 to $3.00 and set an "underperform" rating for the company in a research report on Thursday, March 7th. Finally, Citigroup decreased their target price on New York Community Bancorp from $5.00 to $3.50 and set a "neutral" rating on the stock in a research note on Thursday, March 7th. Three analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. According to MarketBeat, New York Community Bancorp presently has a consensus rating of "Hold" and a consensus price target of $5.43.

New York Community Bancorp Stock Performance

The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.17 and a current ratio of 1.18. The stock has a market cap of $2.49 billion, a PE ratio of 0.93 and a beta of 0.92. The firm's 50-day moving average is $3.68 and its 200 day moving average is $7.51.

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

New York Community Bancorp Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were issued a dividend of $0.05 per share. The ex-dividend date was Tuesday, February 13th. This represents a $0.20 annualized dividend and a yield of 6.41%. New York Community Bancorp's dividend payout ratio (DPR) is currently 6.01%.

Insider Transactions at New York Community Bancorp

In related news, CEO Thomas R. Cangemi purchased 11,310 shares of the company's stock in a transaction on Friday, February 9th. The stock was bought at an average price 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 of the company's stock, valued at approximately $307,394.64. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Thomas R. Cangemi acquired 11,310 shares of New York Community Bancorp stock in a transaction on Friday, February 9th. The shares were bought at an average price of $4.41 per share, for a total transaction 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 approximately $307,394.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter Schoels purchased 100,000 shares of the firm's stock in a transaction on Friday, February 9th. The stock was bought at an average price of $4.15 per share, with a total value of $415,000.00. Following the acquisition, the director now owns 147,438 shares in the company, valued at $611,867.70. The disclosure for this purchase can be found here. Insiders acquired a total of 213,410 shares of company stock valued at $875,626 in the last ninety days. Corporate insiders own 1.62% of the company's stock.

Institutional Trading of New York Community Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of NYCB. Moody Lynn & Lieberson LLC grew its position in New York Community Bancorp by 7.1% in the 4th quarter. Moody Lynn & Lieberson LLC now owns 15,150 shares of the financial services provider's stock worth $155,000 after purchasing an additional 1,000 shares during the last quarter. Kestra Private Wealth Services LLC increased its holdings in shares of New York Community Bancorp by 5.0% during the third quarter. Kestra Private Wealth Services LLC now owns 23,282 shares of the financial services provider's stock valued at $264,000 after purchasing an additional 1,118 shares during the period. Avantax Advisory Services Inc. raised its stake in shares of New York Community Bancorp by 3.5% during the third quarter. Avantax Advisory Services Inc. now owns 35,779 shares of the financial services provider's stock valued at $406,000 after purchasing an additional 1,204 shares in the last quarter. HB Wealth Management LLC lifted its holdings in New York Community Bancorp by 7.2% in the fourth quarter. HB Wealth Management LLC now owns 20,299 shares of the financial services provider's stock worth $208,000 after purchasing an additional 1,371 shares during the period. Finally, Treasurer of the State of North Carolina increased its stake in New York Community Bancorp by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 312,764 shares of the financial services provider's stock valued at $3,547,000 after buying an additional 1,590 shares during the period. 67.88% of the stock is owned by institutional investors.

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.