New York Community Bancorp Inc. (NYCB) Declares Quarterly Dividend of $0.25
New York Community Bancorp (NYSE:NYCB) declared a quarterly dividend on Thursday, May 1st, Analyst Ratings.Net reports. Shareholders of record on Monday, May 12th will be given a dividend of 0.25 per share on Thursday, May 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 6.49%. The ex-dividend date of this dividend is Thursday, May 8th.
On a related note, analysts at JPMorgan Chase & Co. downgraded shares of New York Community Bancorp from a “neutral” rating to an “underweight” rating in a research note on Monday, April 7th. They now have a $15.00 price target on the stock, down previously from $17.00. One investment analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company. New York Community Bancorp currently has a consensus rating of “Hold” and a consensus target price of $15.44.
Shares of New York Community Bancorp (NYSE:NYCB) traded down 0.06% during mid-day trading on Thursday, hitting $15.40. 2,154,507 shares of the company’s stock traded hands. New York Community Bancorp has a 1-year low of $12.91 and a 1-year high of $17.39. The stock has a 50-day moving average of $15.9 and a 200-day moving average of $16.19. The company has a market cap of $6.809 billion and a P/E ratio of 14.32.
New York Community Bancorp (NYSE:NYCB) last announced its earnings results on Wednesday, April 30th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.26 by $0.03. During the same quarter in the prior year, the company posted $0.29 earnings per share. On average, analysts predict that New York Community Bancorp will post $1.04 earnings per share 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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