New York Community Bancorp (NYSE:NYCB) Trading Up 0.5%

New York Community Bancorp, Inc. (NYSE:NYCB - Get Free Report)'s stock price rose 0.5% on Friday . The stock traded as high as $3.69 and last traded at $3.69. Approximately 2,410,528 shares traded hands during trading, a decline of 93% from the average daily volume of 32,323,629 shares. The stock had previously closed at $3.67.

Analyst Ratings Changes

Several research firms have recently commented on NYCB. TheStreet lowered shares of New York Community Bancorp from a "b-" rating to a "c+" rating in a research report on Monday, February 5th. Compass Point cut New York Community Bancorp from a "buy" rating to a "neutral" rating and cut their price target for the stock from $16.00 to $8.00 in a report on Thursday, February 1st. Wedbush upgraded New York Community Bancorp from an "underperform" rating to a "neutral" rating and upped their price objective for the company from $3.00 to $3.50 in a research report on Wednesday, May 1st. Morgan Stanley dropped their price objective on New York Community Bancorp from $6.00 to $4.00 and set an "equal weight" rating for the company in a research report on Thursday, March 7th. Finally, Citigroup reduced their target price on shares of New York Community Bancorp from $5.00 to $3.50 and set a "neutral" rating on the stock in a report on Thursday, March 7th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $5.39.

New York Community Bancorp Stock Performance

The company has a market cap of $3.04 billion, a price-to-earnings ratio of 374.00 and a beta of 0.95. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.17 and a current ratio of 1.27. The stock's fifty day simple moving average is $3.31 and its two-hundred day simple moving average is $6.61.

New York Community Bancorp (NYSE:NYCB - Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The financial services provider reported ($0.25) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.26) by $0.01. The firm had revenue of $633.00 million during the quarter, compared to the consensus estimate of $776.81 million. New York Community Bancorp had a return on equity of 2.91% and a net margin of 0.62%. The firm's quarterly revenue was down 76.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.23 earnings per share. Equities research analysts anticipate that New York Community Bancorp, Inc. will post -0.48 EPS for the current year.

New York Community Bancorp Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, June 7th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Friday, June 7th. New York Community Bancorp's dividend payout ratio (DPR) is presently 2,000.00%.

Insider Activity at New York Community Bancorp

In other New York Community Bancorp news, Director Marshall Lux bought 27,100 shares of New York Community Bancorp stock in a transaction that occurred on Thursday, March 21st. The shares were acquired at an average price of $3.69 per share, for a total transaction of $99,999.00. Following the acquisition, the director now owns 64,872 shares of the company's stock, valued at approximately $239,377.68. The acquisition was disclosed in a filing with the SEC, which is available at this link. 1.62% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Moody Lynn & Lieberson LLC grew its stake in New York Community Bancorp by 7.1% during the 4th quarter. Moody Lynn & Lieberson LLC now owns 15,150 shares of the financial services provider's stock valued at $155,000 after purchasing an additional 1,000 shares in the last quarter. Kestra Private Wealth Services LLC grew its position 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 worth $264,000 after buying an additional 1,118 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in shares of New York Community Bancorp by 3.5% in the third quarter. Avantax Advisory Services Inc. now owns 35,779 shares of the financial services provider's stock worth $406,000 after buying an additional 1,204 shares during the last quarter. HB Wealth Management LLC raised 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 valued at $208,000 after acquiring an additional 1,371 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted 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 acquiring an additional 1,590 shares during the last quarter. 67.88% of the stock is owned by institutional investors and hedge funds.

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.