New York Community Bancorp, Inc. (NYSE:NYCB) has earned an average recommendation of “Hold” from the twelve research firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $12.56.
Several equities research analysts have recently issued reports on the stock. ValuEngine raised shares of New York Community Bancorp from a “hold” rating to a “buy” rating in a research report on Friday. BidaskClub cut shares of New York Community Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. Barclays decreased their price objective on shares of New York Community Bancorp from $14.00 to $12.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 11th. Zacks Investment Research cut shares of New York Community Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, November 23rd. Finally, FBR & Co reissued a “sell” rating on shares of New York Community Bancorp in a research report on Wednesday, October 25th.
A number of institutional investors and hedge funds have recently made changes to their positions in NYCB. Chicago Partners Investment Group LLC purchased a new stake in New York Community Bancorp in the third quarter valued at $103,000. Pacer Advisors Inc. raised its holdings in shares of New York Community Bancorp by 8.3% in the second quarter. Pacer Advisors Inc. now owns 10,168 shares of the financial services provider’s stock valued at $134,000 after buying an additional 779 shares during the last quarter. Sigma Planning Corp purchased a new stake in shares of New York Community Bancorp in the second quarter valued at about $135,000. BB&T Securities LLC purchased a new stake in shares of New York Community Bancorp in the second quarter valued at about $135,000. Finally, Hartford Investment Management Co. purchased a new stake in shares of New York Community Bancorp in the second quarter valued at about $138,000. 58.50% of the stock is owned by hedge funds and other institutional investors.
New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.04. The business had revenue of $385.27 million during the quarter, compared to analysts’ expectations of $313.64 million. New York Community Bancorp had a net margin of 24.22% and a return on equity of 7.17%. During the same period in the previous year, the company earned $0.26 EPS. sell-side analysts expect that New York Community Bancorp will post 0.68 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th were given a $0.17 dividend. The ex-dividend date of this dividend was Monday, November 6th. This represents a $0.68 dividend on an annualized basis and a yield of 5.04%. New York Community Bancorp’s dividend payout ratio (DPR) is presently 78.16%.
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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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