New York Community Bancorp (NYSE:NYCB) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of New York Community Bancorp (NYSE:NYCB) in a research report released on Friday morning. The firm issued a sell rating on the financial services provider’s stock.

Several other analysts also recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on New York Community Bancorp from $11.50 to $12.50 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Barclays upgraded shares of New York Community Bancorp from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $10.00 to $14.00 in a research report on Thursday, September 26th. Raymond James raised shares of New York Community Bancorp from an “underperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. Finally, Wedbush reissued a “neutral” rating and set a $31.50 target price on shares of New York Community Bancorp in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, New York Community Bancorp has an average rating of “Hold” and an average target price of $17.48.

New York Community Bancorp Price Performance

The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 2.52. The firm has a market capitalization of $4.38 billion, a price-to-earnings ratio of -2.42 and a beta of 1.00. New York Community Bancorp has a one year low of $5.10 and a one year high of $34.47. The company’s 50 day simple moving average is $11.06 and its 200 day simple moving average is $12.24.

New York Community Bancorp (NYSE:NYCB) last announced its quarterly earnings data on Friday, October 25th. The financial services provider reported ($0.69) EPS for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.29). The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $621.72 million. New York Community Bancorp had a negative net margin of 18.40% and a negative return on equity of 11.35%. During the same quarter last year, the company posted $1.08 EPS. As a group, sell-side analysts expect that New York Community Bancorp will post -3 earnings per share for the current year.

New York Community Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Saturday, December 7th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of ∞. New York Community Bancorp’s dividend payout ratio is currently -0.92%.

Institutional Trading of New York Community Bancorp

A number of institutional investors have recently added to or reduced their stakes in NYCB. Sei Investments Co. raised its holdings in shares of New York Community Bancorp by 32.4% during the 1st quarter. Sei Investments Co. now owns 352,908 shares of the financial services provider’s stock valued at $1,136,000 after purchasing an additional 86,355 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of New York Community Bancorp by 6.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 588,329 shares of the financial services provider’s stock worth $1,889,000 after buying an additional 35,264 shares during the last quarter. Pitcairn Co. boosted its stake in shares of New York Community Bancorp by 307.0% during the 1st quarter. Pitcairn Co. now owns 70,066 shares of the financial services provider’s stock worth $226,000 after acquiring an additional 52,851 shares in the last quarter. Axxcess Wealth Management LLC increased its holdings in shares of New York Community Bancorp by 67.2% during the 1st quarter. Axxcess Wealth Management LLC now owns 32,340 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 13,000 shares during the last quarter. Finally, Alpine Global Management LLC bought a new position in shares of New York Community Bancorp in the 1st quarter valued at approximately $167,000. 67.88% of the stock is currently owned by institutional investors and hedge funds.

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.