New York Community Bancorp, Inc. (NYSE:NYCB) was the target of some unusual options trading activity on Thursday. Stock traders acquired 7,524 put options on the company. This represents an increase of 2,805% compared to the typical volume of 259 put options.

Shares of NYCB stock traded down $0.26 during trading hours on Friday, reaching $12.88. The company had a trading volume of 12,850,935 shares, compared to its average volume of 5,386,046. The business has a fifty day moving average price of $11.51 and a 200-day moving average price of $11.13. New York Community Bancorp has a one year low of $8.61 and a one year high of $13.39. The firm has a market cap of $5.98 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 1.65 and a beta of 0.99. The company has a debt-to-equity ratio of 2.17, a quick ratio of 1.30 and a current ratio of 1.30.

New York Community Bancorp (NYSE:NYCB) last announced its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. New York Community Bancorp had a net margin of 21.73% and a return on equity of 6.52%. The firm had revenue of $255.29 million during the quarter, compared to analyst estimates of $255.49 million. During the same period in the previous year, the business posted $0.20 earnings per share. Equities research analysts forecast that New York Community Bancorp will post 0.78 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Monday, August 12th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.28%. New York Community Bancorp’s dividend payout ratio is presently 86.08%.

Several hedge funds have recently made changes to their positions in NYCB. Dimensional Fund Advisors LP grew its stake in shares of New York Community Bancorp by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 10,340,979 shares of the financial services provider’s stock worth $97,303,000 after acquiring an additional 292,953 shares during the period. Geode Capital Management LLC boosted its holdings in shares of New York Community Bancorp by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 5,174,238 shares of the financial services provider’s stock worth $48,816,000 after buying an additional 382,396 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of New York Community Bancorp by 156.5% in the first quarter. Janus Henderson Group PLC now owns 178,830 shares of the financial services provider’s stock worth $2,069,000 after buying an additional 109,107 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of New York Community Bancorp by 2,034.1% in the first quarter. Robeco Institutional Asset Management B.V. now owns 186,029 shares of the financial services provider’s stock worth $2,153,000 after buying an additional 177,312 shares during the last quarter. Finally, Stephens Inc. AR boosted its holdings in shares of New York Community Bancorp by 5.7% in the first quarter. Stephens Inc. AR now owns 31,722 shares of the financial services provider’s stock worth $367,000 after buying an additional 1,714 shares during the last quarter. Hedge funds and other institutional investors own 64.03% of the company’s stock.

A number of research firms have weighed in on NYCB. Sandler O’Neill lowered shares of New York Community Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st. Bank of America set a $13.00 price objective on shares of New York Community Bancorp and gave the company a “buy” rating in a research note on Wednesday, July 31st. B. Riley set a $13.00 price objective on shares of New York Community Bancorp and gave the company a “buy” rating in a research note on Wednesday, July 31st. Royal Bank of Canada began coverage on shares of New York Community Bancorp in a research note on Friday, July 12th. They set an “outperform” rating and a $12.00 price objective for the company. Finally, JPMorgan Chase & Co. upgraded shares of New York Community Bancorp from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $9.50 to $11.50 in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $12.20.

About New York Community Bancorp

New York Community Bancorp, Inc operates as a bank holding company for New York Community Bank that provides banking products and services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company offers various deposit products, including interest-bearing checking and money market, savings, non-interest-bearing, and individual retirement accounts, as well as certificates of deposit.

Further Reading: Return on Investment (ROI)

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