Traders Purchase Large Volume of New York Community Bancorp Put Options (NYSE:NYCB)

New York Community Bancorp, Inc. (NYSE:NYCB - Get Free Report) was the target of some unusual options trading activity on Friday. Traders bought 17,025 put options on the company. This is an increase of approximately 34% compared to the average volume of 12,674 put options.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods upped their price target on shares of New York Community Bancorp from $11.25 to $33.75 and gave the stock a "market perform" rating in a research report on Monday, July 15th. Citigroup upped their target price on New York Community Bancorp from $10.50 to $12.00 and gave the stock a "neutral" rating in a report on Wednesday, July 3rd. Raymond James upgraded New York Community Bancorp from an "underperform" rating to a "market perform" rating in a report on Tuesday, September 17th. Barclays upgraded New York Community Bancorp from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $10.00 to $14.00 in a research note on Thursday, September 26th. Finally, StockNews.com raised New York Community Bancorp to a "sell" rating in a research report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $17.48.

New York Community Bancorp Stock Performance

NYSE:NYCB traded down $0.93 during midday trading on Friday, hitting $10.57. The company's stock had a trading volume of 18,525,262 shares, compared to its average volume of 8,349,230. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.27 and a quick ratio of 1.17. New York Community Bancorp has a fifty-two week low of $5.10 and a fifty-two week high of $34.47. The firm's 50 day moving average is $11.11 and its 200-day moving average is $12.17. The firm has a market cap of $4.39 billion, a P/E ratio of -3.83 and a beta of 1.00.

New York Community Bancorp (NYSE:NYCB - Get Free Report) last issued its earnings results on Thursday, July 25th. The financial services provider reported ($3.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.26) by ($1.89). The business had revenue of $671.00 million for the quarter, compared to analysts' expectations of $722.47 million. New York Community Bancorp had a negative return on equity of 4.49% and a negative net margin of 10.78%. The company's revenue for the quarter was down 44.2% on a year-over-year basis. During the same period last year, the business earned $4.23 EPS. Equities analysts anticipate that New York Community Bancorp will post -2.41 earnings per share for the current fiscal year.

New York Community Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Saturday, December 7th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.38%. New York Community Bancorp's payout ratio is -1.45%.

Institutional Investors Weigh In On New York Community Bancorp

Several hedge funds have recently modified their holdings of the company. Allworth Financial LP acquired a new position in New York Community Bancorp during the third quarter worth $29,000. Alaska Permanent Fund Corp acquired a new stake in New York Community Bancorp in the 3rd quarter worth about $1,018,000. International Assets Investment Management LLC raised its holdings in shares of New York Community Bancorp by 400.1% during the third quarter. International Assets Investment Management LLC now owns 359,424 shares of the financial services provider's stock valued at $4,036,000 after acquiring an additional 287,557 shares during the last quarter. Kessler Investment Group LLC purchased a new position in shares of New York Community Bancorp in the third quarter valued at approximately $119,000. Finally, Bfsg LLC purchased a new stake in shares of New York Community Bancorp during the third quarter worth approximately $156,000. 67.88% of the stock is owned by hedge funds and other institutional investors.

About New York Community Bancorp

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.