Shares of New York Community Bancorp, Inc. (NYSE:NYCB) shot up 1% during trading on Monday . The stock traded as high as $12.81 and last traded at $12.12. 5,179,800 shares traded hands during mid-day trading, an increase of 30% from the average session volume of 3,980,451 shares. The stock had previously closed at $12.00.

Several brokerages have recently commented on NYCB. BidaskClub raised New York Community Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Piper Jaffray Companies reissued a “sell” rating and issued a $11.00 price objective on shares of New York Community Bancorp in a research note on Tuesday, September 19th. FBR & Co reissued a “sell” rating on shares of New York Community Bancorp in a research note on Wednesday, October 25th. Finally, Zacks Investment Research downgraded New York Community Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, September 27th. Four research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $12.45.

The company has a market cap of $5,927.34, a price-to-earnings ratio of 13.93 and a beta of 0.57. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.41 and a current ratio of 1.41.

New York Community Bancorp (NYSE:NYCB) last released its earnings results on Wednesday, October 25th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.04. The company had revenue of $385.27 million during the quarter, compared to analyst estimates of $313.64 million. New York Community Bancorp had a return on equity of 7.17% and a net margin of 24.22%. During the same period in the prior year, the company posted $0.26 earnings per share. sell-side analysts anticipate that New York Community Bancorp, Inc. will post 0.68 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 5.61%. The ex-dividend date is Monday, November 6th. New York Community Bancorp’s dividend payout ratio is presently 78.16%.

A number of hedge funds and other institutional investors have recently made changes to their positions in NYCB. Public Employees Retirement System of Ohio grew its holdings in New York Community Bancorp by 42.0% during the first quarter. Public Employees Retirement System of Ohio now owns 199,452 shares of the financial services provider’s stock valued at $2,786,000 after purchasing an additional 59,000 shares during the period. Mn Services Vermogensbeheer B.V. grew its holdings in New York Community Bancorp by 508.8% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 79,072 shares of the financial services provider’s stock valued at $1,038,000 after purchasing an additional 66,083 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in New York Community Bancorp by 4.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 177,916 shares of the financial services provider’s stock valued at $2,336,000 after purchasing an additional 7,553 shares during the period. Louisiana State Employees Retirement System grew its holdings in New York Community Bancorp by 3.5% during the second quarter. Louisiana State Employees Retirement System now owns 127,600 shares of the financial services provider’s stock valued at $1,675,000 after purchasing an additional 4,300 shares during the period. Finally, Visionary Asset Management Inc. bought a new position in New York Community Bancorp during the second quarter valued at $324,000. 57.88% of the stock is owned by institutional investors and hedge funds.

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New York Community Bancorp Company Profile

New York Community Bancorp, Inc is a multi-bank holding company. The Company operates through its subsidiaries, New York Community Bank (the Community Bank) and New York Commercial Bank (the Commercial Bank) (collectively, the Banks). The Company’s operations are divided into two segments: Banking Operations and Residential Mortgage Banking.

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