UBS initiated coverage on shares of New York Community Bancorp (NYSE:NYCB) in a report released on Wednesday morning. The firm issued a sell rating on the financial services provider’s stock.

NYCB has been the topic of a number of other reports. Zacks Investment Research lowered shares of New York Community Bancorp from a hold rating to a sell rating in a report on Wednesday, December 20th. ValuEngine raised shares of New York Community Bancorp from a hold rating to a buy rating in a research report on Friday, December 1st. TheStreet downgraded shares of New York Community Bancorp from a b- rating to a c+ rating in a research report on Tuesday, January 16th. Barclays increased their target price on shares of New York Community Bancorp from $12.00 to $13.00 and gave the company an equal weight rating in a research report on Tuesday, January 2nd. Finally, Royal Bank of Canada started coverage on shares of New York Community Bancorp in a research report on Thursday, December 21st. They issued a sector perform rating and a $13.00 target price on the stock. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. New York Community Bancorp has a consensus rating of Hold and a consensus price target of $13.34.

Shares of NYCB stock opened at $13.84 on Wednesday. New York Community Bancorp has a fifty-two week low of $11.67 and a fifty-two week high of $14.53. The firm has a market cap of $6,887.51, a price-to-earnings ratio of 17.35, a PEG ratio of 1.63 and a beta of 0.65. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.40 and a quick ratio of 1.40.

New York Community Bancorp (NYSE:NYCB) last announced its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.17 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.17. New York Community Bancorp had a net margin of 25.91% and a return on equity of 6.81%. The business had revenue of $296.32 million for the quarter, compared to analyst estimates of $300.29 million. sell-side analysts anticipate that New York Community Bancorp will post 0.86 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date was Monday, February 12th. New York Community Bancorp’s dividend payout ratio (DPR) is 75.56%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its position in New York Community Bancorp by 1.1% during the 4th quarter. BlackRock Inc. now owns 49,132,135 shares of the financial services provider’s stock worth $639,700,000 after purchasing an additional 518,946 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in New York Community Bancorp by 33.8% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 27,831,006 shares of the financial services provider’s stock worth $358,742,000 after purchasing an additional 7,036,258 shares during the last quarter. Bank of New York Mellon Corp grew its position in New York Community Bancorp by 5.4% during the 4th quarter. Bank of New York Mellon Corp now owns 6,845,149 shares of the financial services provider’s stock worth $89,126,000 after purchasing an additional 348,451 shares during the last quarter. Dimensional Fund Advisors LP grew its position in New York Community Bancorp by 6.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,661,277 shares of the financial services provider’s stock worth $72,973,000 after purchasing an additional 350,267 shares during the last quarter. Finally, Mondrian Investment Partners LTD purchased a new position in New York Community Bancorp during the 4th quarter worth $47,004,000. 60.17% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for New York Community Bancorp (NYSE:NYCB)

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