New York Community Bancorp, Inc. (NYSE:NYCB) Director Hanif Dahya acquired 1,640 shares of New York Community Bancorp stock in a transaction dated Thursday, May 9th. The stock was purchased at an average cost of $26.31 per share, for a total transaction of $43,148.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

New York Community Bancorp stock traded up $0.01 during midday trading on Friday, hitting $10.18. 107,176 shares of the company were exchanged, compared to its average volume of 5,564,297. The firm has a market capitalization of $4.75 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 1.31 and a beta of 0.97. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.31 and a current ratio of 1.31. New York Community Bancorp, Inc. has a fifty-two week low of $8.61 and a fifty-two week high of $12.72.

New York Community Bancorp (NYSE:NYCB) last announced its earnings results on Tuesday, April 30th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.19. New York Community Bancorp had a return on equity of 6.65% and a net margin of 22.65%. The company had revenue of $266.11 million for the quarter, compared to analyst estimates of $268.24 million. During the same period in the prior year, the company posted $0.20 EPS. New York Community Bancorp’s quarterly revenue was down 9.2% on a year-over-year basis. On average, analysts forecast that New York Community Bancorp, Inc. will post 0.79 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.68%. The ex-dividend date is Monday, May 13th. New York Community Bancorp’s payout ratio is 86.08%.

Several institutional investors and hedge funds have recently made changes to their positions in NYCB. Commonwealth Equity Services LLC increased its holdings in shares of New York Community Bancorp by 0.6% in the 1st quarter. Commonwealth Equity Services LLC now owns 145,290 shares of the financial services provider’s stock valued at $1,681,000 after acquiring an additional 916 shares during the last quarter. Advisory Services Network LLC increased its holdings in shares of New York Community Bancorp by 20.1% in the 4th quarter. Advisory Services Network LLC now owns 5,960 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 999 shares during the last quarter. Cetera Advisor Networks LLC increased its holdings in shares of New York Community Bancorp by 4.7% in the 1st quarter. Cetera Advisor Networks LLC now owns 28,351 shares of the financial services provider’s stock valued at $331,000 after acquiring an additional 1,270 shares during the last quarter. Greenwich Wealth Management LLC increased its holdings in shares of New York Community Bancorp by 11.1% in the 4th quarter. Greenwich Wealth Management LLC now owns 12,872 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 1,290 shares during the last quarter. Finally, US Bancorp DE increased its holdings in shares of New York Community Bancorp by 3.6% in the 1st quarter. US Bancorp DE now owns 42,681 shares of the financial services provider’s stock valued at $494,000 after acquiring an additional 1,464 shares during the last quarter. 65.07% of the stock is currently owned by institutional investors.

NYCB has been the topic of several recent research reports. UBS Group raised New York Community Bancorp from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $10.00 to $15.00 in a research report on Wednesday, February 6th. Zacks Investment Research lowered New York Community Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, February 12th. Jefferies Financial Group initiated coverage on New York Community Bancorp in a research report on Monday, April 8th. They set a “hold” rating and a $12.00 price target on the stock. TheStreet raised New York Community Bancorp from a “c” rating to a “b-” rating in a research report on Wednesday, January 30th. Finally, Morgan Stanley lowered New York Community Bancorp from an “equal weight” rating to an “underweight” rating and set a $11.50 price target on the stock. in a research report on Monday, March 11th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $12.06.

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About New York Community Bancorp

New York Community Bancorp, Inc operates as a bank holding company for New York Community Bank that provides banking products and services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company offers various deposit products, including interest-bearing checking and money market, savings, non-interest-bearing, and individual retirement accounts, as well as certificates of deposit.

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