New York Community Bancorp Inc. (NYSE:NYCB) has been given an average recommendation of “Hold” by the eleven analysts that are currently covering the firm. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $16.00.

NYCB has been the subject of several research reports. Bank of America Corp. set a $17.00 price objective on New York Community Bancorp and gave the company a “buy” rating in a research report on Monday, September 12th. Wedbush initiated coverage on New York Community Bancorp in a research report on Thursday, October 6th. They issued a “neutral” rating and a $15.00 price objective for the company. Zacks Investment Research cut New York Community Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, September 1st. Deutsche Bank AG reduced their price objective on New York Community Bancorp from $15.50 to $15.00 and set a “hold” rating for the company in a research report on Tuesday, October 11th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating on shares of New York Community Bancorp in a research report on Wednesday, October 12th.

In related news, Director Dominick Ciampa acquired 9,350 shares of the company’s stock in a transaction on Thursday, September 8th. The stock was purchased at an average cost of $15.43 per share, for a total transaction of $144,270.50. Following the completion of the purchase, the director now directly owns 142,446 shares of the company’s stock, valued at approximately $2,197,941.78. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.97% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NYCB. Park National Corp OH raised its stake in shares of New York Community Bancorp by 9.0% in the second quarter. Park National Corp OH now owns 11,766 shares of the financial services provider’s stock worth $176,000 after buying an additional 975 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of New York Community Bancorp by 40.5% in the second quarter. BNP Paribas Arbitrage SA now owns 375,143 shares of the financial services provider’s stock worth $5,623,000 after buying an additional 108,109 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of New York Community Bancorp by 9.0% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 91,321 shares of the financial services provider’s stock worth $1,451,000 after buying an additional 7,528 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of New York Community Bancorp during the first quarter worth $1,784,000. Finally, Seven Eight Capital LLC acquired a new stake in shares of New York Community Bancorp during the first quarter worth $151,000. Hedge funds and other institutional investors own 60.54% of the company’s stock.

New York Community Bancorp (NYSE:NYCB) opened at 15.87 on Monday. New York Community Bancorp has a 52-week low of $13.74 and a 52-week high of $17.05. The company’s market cap is $7.73 billion. The stock’s 50 day moving average is $14.32 and its 200 day moving average is $14.70.

New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings data on Wednesday, October 26th. The financial services provider reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by $0.01. New York Community Bancorp had a negative net margin of 1.25% and a positive return on equity of 8.81%. During the same period in the prior year, the firm earned $0.28 earnings per share. On average, analysts predict that New York Community Bancorp will post $1.05 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Monday, November 7th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, November 3rd. This represents a $0.68 annualized dividend and a yield of 4.28%. New York Community Bancorp’s dividend payout ratio is currently -849.89%.

New York Community Bancorp Company Profile

New York Community Bancorp, Inc is a multi-bank holding company. The Company’s operations are divided into two segments: Banking Operations and Residential Mortgage Banking. The Banking Operations segment serves consumers and businesses by offering and servicing a range of loan and deposit products and other financial services.

5 Day Chart for NYSE:NYCB

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