New York Community Bancorp, Inc. (NYSE:NYCB) EVP Lee Matthew Smith Buys 25,000 Shares

New York Community Bancorp, Inc. (NYSE:NYCBGet Free Report) EVP Lee Matthew Smith purchased 25,000 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were purchased at an average price of $4.05 per share, with a total value of $101,250.00. Following the completion of the acquisition, the executive vice president now directly owns 1,440,683 shares in the company, valued at $5,834,766.15. The purchase was disclosed in a filing with the SEC, which is available through this link.

New York Community Bancorp Trading Up 16.9 %

Shares of NYCB opened at $4.90 on Monday. The company has a 50 day simple moving average of $9.40 and a two-hundred day simple moving average of $10.49. New York Community Bancorp, Inc. has a 1 year low of $3.60 and a 1 year high of $14.22. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.18 and a quick ratio of 1.17. The firm has a market cap of $3.54 billion, a P/E ratio of 1.47, a price-to-earnings-growth ratio of 0.69 and a beta of 1.03.

New York Community Bancorp (NYSE:NYCBGet Free Report) last posted its earnings results on Wednesday, January 31st. The financial services provider reported ($0.27) earnings per share 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 business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $935.90 million. During the same period last year, the business posted $0.25 earnings per share. On average, equities analysts expect that New York Community Bancorp, Inc. will post 0.71 earnings per share for the current fiscal year.

New York Community Bancorp Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date of this dividend is Tuesday, February 13th. New York Community Bancorp’s dividend payout ratio (DPR) is presently 20.42%.

Analysts Set New Price Targets

Several brokerages have commented on NYCB. Jefferies Financial Group lowered 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. 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. 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 report on Friday, February 2nd. Keefe, Bruyette & Woods lowered shares of New York Community Bancorp from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $14.00 to $12.00 in a report on Monday, December 18th. Finally, Royal Bank of Canada lowered shares of New York Community Bancorp from an “outperform” rating to a “sector perform” 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $8.29.

View Our Latest Stock Report on New York Community Bancorp

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Orion Capital Management LLC purchased a new position in shares of New York Community Bancorp in the third quarter valued at $28,000. Loomis Sayles & Co. L P purchased a new position in New York Community Bancorp during the third quarter worth $29,000. Naples Money Management LLC purchased a new stake in shares of New York Community Bancorp during the fourth quarter valued at $30,000. Point72 Hong Kong Ltd purchased a new stake in shares of New York Community Bancorp during the second quarter valued at $27,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of New York Community Bancorp during the second quarter valued at $35,000. 67.52% of the stock is owned by hedge funds and other institutional investors.

New York Community Bancorp Company Profile

(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.