Brokerages Set New York Community Bancorp, Inc. (NYSE:NYCB) Target Price at $5.43

Shares of New York Community Bancorp, Inc. (NYSE:NYCB) have earned an average rating of “Reduce” from the fifteen research firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating and thirteen have issued a hold rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $5.43.

A number of brokerages recently commented on NYCB. UBS Group cut New York Community Bancorp from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Piper Sandler reaffirmed a “neutral” rating and issued a $5.00 price target (down previously from $8.00) on shares of New York Community Bancorp in a research report on Friday, March 1st. TheStreet downgraded New York Community Bancorp from a “b-” rating to a “c+” rating in a research report on Monday, February 5th. DA Davidson cut shares of New York Community Bancorp from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $8.50 to $5.00 in a report on Thursday, February 8th. Finally, Bank of America downgraded shares of New York Community Bancorp from a “buy” rating to a “neutral” rating and dropped their target price for the company from $8.50 to $5.00 in a research report on Wednesday, February 7th.

Insider Buying and Selling at New York Community Bancorp

In other New York Community Bancorp news, Chairman Alessandro Dinello bought 50,000 shares of New York Community Bancorp stock in a transaction dated Friday, February 9th. The stock was bought at an average price of $4.19 per share, for a total transaction of $209,500.00. Following the completion of the acquisition, the chairman now directly owns 114,305 shares of the company’s stock, valued at $478,937.95. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Lee Matthew Smith purchased 25,000 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was bought at an average cost of $4.05 per share, with a total value of $101,250.00. Following the purchase, the executive vice president now directly owns 1,440,683 shares of the company’s stock, valued at $5,834,766.15. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Alessandro Dinello bought 50,000 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was acquired at an average cost of $4.19 per share, with a total value of $209,500.00. Following the completion of the transaction, the chairman now directly owns 114,305 shares of the company’s stock, valued at $478,937.95. The disclosure for this purchase can be found here. In the last three months, insiders acquired 213,410 shares of company stock valued at $875,626. 1.62% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Orion Capital Management LLC bought a new position in shares of New York Community Bancorp in the third quarter worth about $28,000. Loomis Sayles & Co. L P acquired a new stake in New York Community Bancorp in the 3rd quarter worth $29,000. Naples Money Management LLC bought a new stake in shares of New York Community Bancorp in the fourth quarter valued at about $30,000. Authentikos Wealth Advisory LLC acquired a new position in New York Community Bancorp in the 3rd quarter valued at approximately $35,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in shares of New York Community Bancorp during the fourth quarter valued at approximately $40,000. Institutional investors own 67.88% of the company’s stock.

New York Community Bancorp Trading Down 3.3 %

Shares of New York Community Bancorp stock opened at $2.97 on Thursday. The company has a current ratio of 1.18, a quick ratio of 1.17 and a debt-to-equity ratio of 2.70. The firm’s 50 day simple moving average is $3.51 and its two-hundred day simple moving average is $7.26. New York Community Bancorp has a 12-month low of $1.70 and a 12-month high of $14.22. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 0.89 and a beta of 0.91.

New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings data on Wednesday, January 31st. The financial services provider reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.56). The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $935.90 million. New York Community Bancorp had a return on equity of 6.22% and a net margin of 28.96%. During the same quarter in the previous year, the firm posted $0.25 earnings per share. Analysts predict that New York Community Bancorp will post -0.08 EPS for the current year.

New York Community Bancorp Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.73%. The ex-dividend date was Tuesday, February 13th. New York Community Bancorp’s dividend payout ratio is currently 6.01%.

New York Community Bancorp Company Profile

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.