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

New York Community Bancorp, Inc. (NYSE:NYCB - Get Free Report)'s stock price traded down 1% on Tuesday . The stock traded as low as $2.85 and last traded at $2.88. 2,473,180 shares changed hands during trading, a decline of 93% from the average session volume of 36,401,156 shares. The stock had previously closed at $2.91.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NYCB shares. Deutsche Bank Aktiengesellschaft cut shares of New York Community Bancorp from a "buy" rating to a "hold" rating and lowered their target price for the stock from $15.00 to $7.00 in a research note on Friday, February 2nd. DA Davidson cut shares of New York Community Bancorp from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $8.50 to $5.00 in a research note on Thursday, February 8th. Bank of America cut shares of New York Community Bancorp from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $8.50 to $5.00 in a research note on Wednesday, February 7th. UBS Group cut shares of New York Community Bancorp from a "buy" rating to a "neutral" rating in a research note on Monday, January 8th. Finally, StockNews.com raised shares of New York Community Bancorp to a "sell" rating in a research note on Monday. Three analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $5.43.

New York Community Bancorp Stock Performance

The stock has a market capitalization of $2.33 billion, a PE ratio of 0.86, a price-to-earnings-growth ratio of 31.60 and a beta of 0.92. The firm's fifty day moving average is $3.80 and its 200-day moving average is $7.74. The company has a current ratio of 1.18, a quick ratio of 1.17 and a debt-to-equity ratio of 2.70.

New York Community Bancorp (NYSE:NYCB - Get Free Report) last issued its quarterly earnings data on Wednesday, January 31st. The financial services provider reported ($0.27) earnings per share (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 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 posted $0.25 earnings per share. As a group, research analysts anticipate that New York Community Bancorp, Inc. will post 0.01 earnings per share for the current year.

New York Community Bancorp Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.20 dividend on an annualized basis and a yield of 6.84%. New York Community Bancorp's dividend payout ratio (DPR) is presently 6.01%.

Insiders Place Their Bets

In other New York Community Bancorp news, Chairman Alessandro Dinello purchased 50,000 shares of the business's stock in a transaction on Friday, February 9th. The shares were 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 of the company's stock, valued at $478,937.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Chairman Alessandro Dinello acquired 50,000 shares of the stock in a transaction dated Friday, February 9th. The stock was acquired at an average cost of $4.19 per share, with a total value of $209,500.00. Following the completion of the transaction, the chairman now owns 114,305 shares in the company, valued at approximately $478,937.95. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Marshall Lux acquired 27,100 shares of the stock in a transaction dated Thursday, March 21st. The shares were bought at an average cost of $3.69 per share, with a total value of $99,999.00. Following the completion of the transaction, the director now owns 64,872 shares of the company's stock, valued at approximately $239,377.68. The disclosure for this purchase can be found here. Insiders have acquired 213,410 shares of company stock worth $875,626 over the last three months. Company insiders own 1.62% of the company's stock.

Hedge Funds Weigh In On New York Community Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Capital Wealth Advisors acquired a new position in New York Community Bancorp in the first quarter valued at approximately $32,000. Thompson Investment Management Inc. boosted its holdings in New York Community Bancorp by 239.9% in the first quarter. Thompson Investment Management Inc. now owns 161,851 shares of the financial services provider's stock valued at $521,000 after purchasing an additional 114,230 shares in the last quarter. Traynor Capital Management Inc. acquired a new position in New York Community Bancorp in the first quarter valued at approximately $40,000. Lloyd Advisory Services LLC. boosted its holdings in New York Community Bancorp by 602.4% in the first quarter. Lloyd Advisory Services LLC. now owns 77,910 shares of the financial services provider's stock valued at $251,000 after purchasing an additional 66,818 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in New York Community Bancorp by 71.0% in the first quarter. International Assets Investment Management LLC now owns 80,918 shares of the financial services provider's stock valued at $260,000 after purchasing an additional 33,594 shares in 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.