New York Community Bancorp, Inc. (NYSE:NYCB) Given Consensus Rating of "Hold" by Brokerages

Shares of New York Community Bancorp, Inc. (NYSE:NYCB - Get Free Report) have been given an average rating of "Hold" by the fifteen research firms that are covering the stock, Marketbeat Ratings reports. Thirteen investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $17.48.

Several research firms have recently issued reports on NYCB. Barclays raised shares of New York Community Bancorp from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $10.00 to $14.00 in a research report on Thursday, September 26th. StockNews.com upgraded shares of New York Community Bancorp to a "sell" rating in a research note on Friday, July 19th. Citigroup boosted their price target on New York Community Bancorp from $10.50 to $12.00 and gave the company a "neutral" rating in a report on Wednesday, July 3rd. Wedbush reaffirmed a "neutral" rating and set a $31.50 price objective on shares of New York Community Bancorp in a research report on Friday, July 26th. Finally, Raymond James raised shares of New York Community Bancorp from an "underperform" rating to a "market perform" rating in a report on Tuesday, September 17th.

Institutional Trading of New York Community Bancorp

Institutional investors have recently made changes to their positions in the stock. AlphaMark Advisors LLC lifted its position in New York Community Bancorp by 26.0% in the second quarter. AlphaMark Advisors LLC now owns 8,734 shares of the financial services provider's stock worth $28,000 after purchasing an additional 1,803 shares during the period. Hantz Financial Services Inc. acquired a new stake in shares of New York Community Bancorp in the second quarter valued at $28,000. Carmichael Hill & Associates Inc. grew its holdings in New York Community Bancorp by 201.0% during the second quarter. Carmichael Hill & Associates Inc. now owns 9,029 shares of the financial services provider's stock worth $29,000 after acquiring an additional 6,029 shares during the period. FinTrust Capital Advisors LLC grew its holdings in New York Community Bancorp by 66.9% during the first quarter. FinTrust Capital Advisors LLC now owns 9,673 shares of the financial services provider's stock worth $31,000 after acquiring an additional 3,876 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in New York Community Bancorp by 4,665.0% in the second quarter. Nisa Investment Advisors LLC now owns 9,530 shares of the financial services provider's stock worth $31,000 after acquiring an additional 9,330 shares in the last quarter. 67.88% of the stock is owned by institutional investors and hedge funds.

New York Community Bancorp Price Performance

Shares of NYSE:NYCB traded down $0.01 during trading on Thursday, hitting $12.38. 3,682,354 shares of the stock were exchanged, compared to its average volume of 8,361,972. New York Community Bancorp has a 12-month low of $5.10 and a 12-month high of $34.47. The company has a market cap of $3.39 billion, a PE ratio of 412.67 and a beta of 1.00. The company has a fifty day moving average price of $10.88 and a two-hundred day moving average price of $12.08. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 3.66.

New York Community Bancorp (NYSE:NYCB - Get Free Report) last released its earnings results on Thursday, July 25th. The financial services provider reported ($3.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.26) by ($1.89). The firm had revenue of $671.00 million during the quarter, compared to analysts' expectations of $722.47 million. New York Community Bancorp had a negative net margin of 10.78% and a negative return on equity of 4.49%. New York Community Bancorp's revenue for the quarter was down 44.2% on a year-over-year basis. During the same quarter last year, the company posted $4.23 earnings per share. On average, analysts forecast that New York Community Bancorp will post -2.42 EPS for the current year.

New York Community Bancorp Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Saturday, September 7th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date was Friday, September 6th. New York Community Bancorp's dividend payout ratio (DPR) is 133.33%.

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.