Insider Selling: John Tsimbinos Sells 25,000 Shares of New York Community Bancorp Stock (NYCB)
New York Community Bancorp (NASDAQ:NYCB) Director John Tsimbinos unloaded 25,000 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $16.25, for a total value of $406,250.00. Following the transaction, the director now directly owns 513,527 shares in the company, valued at approximately $8,344,814. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of New York Community Bancorp (NASDAQ:NYCB) traded up 0.37% on Thursday, hitting $16.21. 2,951,163 shares of the company’s stock traded hands. New York Community Bancorp has a 52-week low of $12.40 and a 52-week high of $16.34. The stock has a 50-day moving average of $15.46 and a 200-day moving average of $14.50. The company has a market cap of $7.146 billion and a P/E ratio of 15.09.
New York Community Bancorp (NASDAQ:NYCB) last announced its earnings results on Wednesday, October 23rd. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.02. On average, analysts predict that New York Community Bancorp will post $1.07 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, November 19th. Stockholders of record on Thursday, November 7th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 6.17%. The ex-dividend date of this dividend is Tuesday, November 5th.
Several analysts have recently commented on the stock. Analysts at RBC Capital raised their price target on shares of New York Community Bancorp from $14.00 to $15.00 in a research note to investors on Friday, October 25th. They now have a “sector perform” rating on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of New York Community Bancorp from $14.00 to $15.00 in a research note to investors on Thursday, October 24th. They now have a “market perform” rating on the stock. Finally, 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. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $15.57.
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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