New York Community Bancorp (NYSE:NYCB) Stock Price Up 1%

New York Community Bancorp, Inc. (NYSE:NYCB - Get Free Report) shares rose 1% during trading on Tuesday . The stock traded as high as $3.20 and last traded at $3.15. Approximately 3,422,213 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 34,812,352 shares. The stock had previously closed at $3.12.

Wall Street Analysts Forecast Growth

NYCB has been the subject of several recent analyst reports. Morgan Stanley reduced their price target on New York Community Bancorp from $6.00 to $4.00 and set an "equal weight" rating for the company in a report on Thursday, March 7th. Jefferies Financial Group cut New York Community Bancorp from a "buy" rating to a "hold" rating and dropped their price target for the company from $13.00 to $7.00 in a research report on Thursday, February 1st. Deutsche Bank Aktiengesellschaft lowered shares of New York Community Bancorp from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $15.00 to $7.00 in a research report on Friday, February 2nd. StockNews.com upgraded shares of New York Community Bancorp to a "sell" rating in a research report on Monday, April 15th. Finally, Raymond James lowered shares of New York Community Bancorp from a "market perform" rating to an "underperform" rating and set a $3.00 price target on the stock. in a research report on Monday, March 18th. Three analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $5.43.

New York Community Bancorp Stock Performance

The stock has a 50-day moving average price of $3.61 and a 200 day moving average price of $7.40. The firm has a market cap of $2.54 billion, a PE ratio of 0.96 and a beta of 0.92. 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 (NYSE:NYCB - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $1.59 billion during 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 quarter last year, the firm earned $0.25 EPS. Research analysts forecast that New York Community Bancorp, Inc. will post -0.08 earnings per share for the current year.

New York Community Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 6.28%. The ex-dividend date of this dividend was Tuesday, February 13th. New York Community Bancorp's dividend payout ratio (DPR) is 6.01%.

Insider Buying and Selling at New York Community Bancorp

In other news, Director Peter Schoels bought 100,000 shares of the business's stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average cost of $4.15 per share, with a total value of $415,000.00. Following the transaction, the director now owns 147,438 shares of the company's stock, valued at approximately $611,867.70. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other New York Community Bancorp news, Chairman Alessandro Dinello acquired 50,000 shares of the firm's stock in a transaction on Friday, February 9th. The stock was bought at an average cost of $4.19 per share, for a total transaction of $209,500.00. Following the completion of the purchase, the chairman now directly owns 114,305 shares in the company, valued at $478,937.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Peter Schoels bought 100,000 shares of the business's stock in a transaction dated Friday, February 9th. The stock was acquired at an average cost of $4.15 per share, for a total transaction of $415,000.00. Following the purchase, 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 have purchased a total of 213,410 shares of company stock worth $875,626 in the last quarter. 1.62% of the stock is owned by insiders.

Institutional Trading of New York Community Bancorp

A number of institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC lifted its stake in 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 worth $47,324,000 after purchasing an additional 447,937 shares during the last quarter. Nordea Investment Management AB bought a new stake in shares of New York Community Bancorp during the 4th quarter valued at about $1,755,000. AQR Capital Management LLC raised its stake in New York Community Bancorp by 212.7% during 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 holdings 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 last quarter. Finally, State of Michigan Retirement System boosted 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 valued at $1,773,000 after acquiring an additional 12,700 shares during the period. 67.88% of the stock is owned by hedge funds and other 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.