Insider Selling: John Tsimbinos Sells 50,000 Shares of New York Community Bancorp Stock (NYCB)
New York Community Bancorp (NASDAQ:NYCB) Director John Tsimbinos sold 50,000 shares of New York Community Bancorp stock in a transaction dated Thursday, January 9th. The shares were sold at an average price of $17.13, for a total value of $856,500.00. Following the completion of the sale, the director now directly owns 514,127 shares of the company’s stock, valued at approximately $8,806,996. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on NYCB. Analysts at Buckingham Research downgraded shares of New York Community Bancorp from a “buy” rating to a “neutral” rating in a research note to investors on Friday. Separately, analysts at Guggenheim downgraded shares of New York Community Bancorp from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, December 4th. Finally, 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. Nine investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $15.44.
New York Community Bancorp (NASDAQ:NYCB) traded down 1.11% during mid-day trading on Friday, hitting $17.00. 3,286,326 shares of the company’s stock traded hands. New York Community Bancorp has a 1-year low of $12.90 and a 1-year high of $17.27. The stock has a 50-day moving average of $16.52 and a 200-day moving average of $15.55. The company has a market cap of $7.495 billion and a price-to-earnings ratio of 16.07.
New York Community Bancorp (NASDAQ:NYCB) last released its earnings data 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. Analysts expect that New York Community Bancorp will post $1.07 EPS for the current fiscal year.
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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