New York Community Bancorp Inc. (NYCB) Declares Quarterly Dividend of $0.25
New York Community Bancorp (NASDAQ:NYCB) declared a quarterly dividend on Wednesday, October 23rd, AnalystRatings.NET reports. Shareholders of record on Thursday, November 7th will be given a dividend of $0.25 per share on Tuesday, November 19th. This represents a $1.00 dividend on an annualized basis and a yield of 6.33%.
Several analysts have recently commented on the stock. Analysts at Standpoint Research downgraded shares of New York Community Bancorp from a “buy” rating to a “hold” rating in a research note to investors on Monday, October 14th. They noted that the move was a valuation call. On a related note, analysts at ISI Group initiated coverage on shares of New York Community Bancorp in a research note to investors on Tuesday, October 8th. They set a “neutral” rating and a $15.50 price target on the stock. Finally, analysts at Guggenheim raised their price target on shares of New York Community Bancorp from $16.00 to $17.00 in a research note to investors on Monday, October 7th. They now have a “buy” rating on the stock. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. New York Community Bancorp presently has an average rating of “Hold” and an average price target of $15.53.
New York Community Bancorp (NASDAQ:NYCB) opened at 15.81 on Wednesday. New York Community Bancorp has a one year low of $12.40 and a one year high of $15.86. The stock has a 50-day moving average of $15.11 and a 200-day moving average of $14.11. The company has a market cap of $6.970 billion and a P/E ratio of 14.18.
New York Community Bancorp (NASDAQ:NYCB) last released its earnings data on Wednesday, October 23rd. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.26 by $0.02. On average, analysts predict that New York Community Bancorp will post $1.06 earnings per share for the current fiscal year.
In other New York Community Bancorp news, Director John M. Tsimbinos sold 25,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $15.75, for a total transaction of $393,750.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
New York Community Bancorp, Inc is a bank holding company and a producer of multi-family mortgage loans in New York City, with an emphasis on apartment buildings that feature below-market rents.
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