New York Community Bancorp, Inc. (NYSE:NYCB) Director Acquires $415,000.00 in Stock

New York Community Bancorp, Inc. (NYSE:NYCBGet Free Report) Director Peter Schoels purchased 100,000 shares of the 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 completion of the acquisition, the director now owns 147,438 shares in the company, valued at $611,867.70. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

New York Community Bancorp Stock Up 16.9 %

New York Community Bancorp stock opened at $4.90 on Monday. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 1.47, a P/E/G ratio of 0.64 and a beta of 1.03. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.18 and a quick ratio of 1.17. New York Community Bancorp, Inc. has a fifty-two week low of $3.60 and a fifty-two week high of $14.22. The firm has a fifty day moving average price of $9.40 and a two-hundred day moving average price of $10.49.

New York Community Bancorp (NYSE:NYCBGet Free Report) last announced its quarterly earnings data on Wednesday, January 31st. The financial services provider reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.56). New York Community Bancorp had a net margin of 28.96% and a return on equity of 5.85%. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $935.90 million. During the same period in the prior year, the company posted $0.25 EPS. As a group, analysts forecast that New York Community Bancorp, Inc. will post 0.71 earnings per share for the current year.

New York Community Bancorp Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 4.08%. The ex-dividend date is Tuesday, February 13th. New York Community Bancorp’s payout ratio is presently 6.01%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on NYCB shares. TheStreet cut shares of New York Community Bancorp from a “b-” rating to a “c+” rating in a report on Monday, February 5th. Bank of America cut shares of New York Community Bancorp from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $8.50 to $5.00 in a report on Wednesday, February 7th. Morgan Stanley decreased their price objective on shares of New York Community Bancorp from $7.00 to $6.00 and set an “equal weight” rating for the company in a report on Wednesday, February 7th. UBS Group cut shares of New York Community Bancorp from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Finally, Jefferies Financial Group cut shares of New York Community Bancorp from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $13.00 to $7.00 in a report on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $8.29.

Get Our Latest Report on New York Community Bancorp

Institutional Investors Weigh In On New York Community Bancorp

Several hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC lifted its stake in shares of New York Community Bancorp by 206.7% in the fourth quarter. Advisory Services Network LLC now owns 68,542 shares of the financial services provider’s stock valued at $701,000 after buying an additional 46,193 shares during the period. Orion Portfolio Solutions LLC lifted its stake in shares of New York Community Bancorp by 9.0% in the fourth quarter. Orion Portfolio Solutions LLC now owns 227,141 shares of the financial services provider’s stock valued at $2,405,000 after buying an additional 18,682 shares during the period. Oxford Asset Management LLP bought a new stake in shares of New York Community Bancorp in the fourth quarter valued at about $269,000. Hohimer Wealth Management LLC lifted its stake in shares of New York Community Bancorp by 12.1% in the fourth quarter. Hohimer Wealth Management LLC now owns 103,350 shares of the financial services provider’s stock valued at $1,057,000 after buying an additional 11,148 shares during the period. Finally, Trexquant Investment LP bought a new position in New York Community Bancorp during the fourth quarter worth about $1,495,000. Institutional investors own 67.52% of the company’s stock.

About New York Community Bancorp

(Get Free Report)

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.

Read More

Receive News & Ratings for New York Community Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Community Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.