New York Community Bancorp (NYSE:NYCB) Shares Up 0.4%

Shares of New York Community Bancorp, Inc. (NYSE:NYCB - Get Free Report) rose 0.4% during mid-day trading on Tuesday . The stock traded as high as $2.82 and last traded at $2.80. Approximately 2,831,265 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 33,597,809 shares. The stock had previously closed at $2.79.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. UBS Group cut New York Community Bancorp from a "buy" rating to a "neutral" rating in a research note on Monday, January 8th. Raymond James lowered New York Community Bancorp from a "market perform" rating to an "underperform" rating and set a $3.00 target price for the company. in a research report on Monday, March 18th. Compass Point downgraded shares of New York Community Bancorp from a "buy" rating to a "neutral" rating and dropped their price target for the company from $16.00 to $8.00 in a report on Thursday, February 1st. Wedbush decreased their price objective on shares of New York Community Bancorp from $3.50 to $3.00 and set an "underperform" rating for the company in a report on Thursday, March 7th. Finally, 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 on the stock in a research report on Tuesday, April 9th. Three investment analysts have rated the stock with a sell rating and thirteen have given a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $5.43.

New York Community Bancorp Trading Down 5.4 %

The company has a market capitalization of $2.11 billion, a P/E ratio of 0.79 and a beta of 0.92. 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 fifty day moving average of $3.42 and a 200 day moving average of $7.12.

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 during the quarter, compared to the consensus estimate 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 period last year, the business earned $0.25 EPS. As a group, equities research analysts anticipate that New York Community Bancorp, Inc. will post -0.08 EPS for the current fiscal year.

Insider Buying and Selling at New York Community Bancorp

In other news, Director Peter Schoels bought 100,000 shares of the company's stock in a transaction that occurred 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 of the company's stock, valued at approximately $611,867.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Thomas R. Cangemi acquired 11,310 shares of the business's stock in a transaction on Friday, February 9th. The stock was acquired at an average cost of $4.41 per share, with a total value of $49,877.10. Following the acquisition, the chief executive officer now directly owns 69,704 shares in the company, valued at approximately $307,394.64. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Peter Schoels acquired 100,000 shares of New York Community Bancorp stock in a transaction dated Friday, February 9th. The shares were bought at an average price of $4.15 per share, for a total transaction of $415,000.00. Following the transaction, the director now owns 147,438 shares of the company's stock, valued at $611,867.70. The disclosure for this purchase can be found here. Insiders have bought 213,410 shares of company stock valued at $875,626 over the last 90 days. 1.62% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On New York Community Bancorp

Several institutional investors have recently bought and sold shares of the stock. CWM LLC boosted its stake in New York Community Bancorp by 53.3% during the third quarter. CWM LLC now owns 11,924 shares of the financial services provider's stock valued at $135,000 after buying an additional 4,146 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of New York Community Bancorp by 10.4% in the third quarter. Commonwealth Equity Services LLC now owns 311,898 shares of the financial services provider's stock valued at $3,537,000 after purchasing an additional 29,426 shares in the last quarter. Balboa Wealth Partners bought a new stake in New York Community Bancorp in the third quarter worth $322,000. Mission Wealth Management LP purchased a new stake in New York Community Bancorp during the third quarter valued at $227,000. Finally, FinTrust Capital Advisors LLC raised its stake in New York Community Bancorp by 36.0% during the third quarter. FinTrust Capital Advisors LLC now owns 7,321 shares of the financial services provider's stock valued at $83,000 after purchasing an additional 1,938 shares in the last quarter. 67.88% of the stock is owned by hedge funds and other institutional investors.

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.