New York Community Bancorp, Inc. (NYCB) Short Interest Up 14.6% in January

New York Community Bancorp, Inc. (NYSE:NYCB) was the target of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 39,497,420 shares, a growth of 14.6% from the January 12th total of 34,454,646 shares. Based on an average daily volume of 4,644,183 shares, the days-to-cover ratio is presently 8.5 days. Approximately 8.3% of the shares of the company are short sold.

A number of research analysts recently issued reports on the company. Zacks Investment Research lowered New York Community Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, December 20th. ValuEngine raised New York Community Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Barclays lifted their target price on New York Community Bancorp from $12.00 to $13.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. TheStreet downgraded New York Community Bancorp from a “b-” rating to a “c+” rating in a research note on Tuesday, January 16th. Finally, Royal Bank of Canada began coverage on New York Community Bancorp in a research note on Thursday, December 21st. They set a “sector perform” rating and a $13.00 target price on the stock. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $13.22.

Shares of New York Community Bancorp (NYSE:NYCB) opened at $13.44 on Tuesday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a market capitalization of $6,570.00, a price-to-earnings ratio of 14.93, a price-to-earnings-growth ratio of 1.60 and a beta of 0.65. New York Community Bancorp has a 12 month low of $11.67 and a 12 month high of $15.59.

New York Community Bancorp (NYSE:NYCB) last announced its earnings results on Wednesday, January 31st. The financial services provider reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17. The firm had revenue of $296.32 million for the quarter, compared to the consensus estimate of $300.29 million. New York Community Bancorp had a return on equity of 6.81% and a net margin of 25.91%. equities research analysts expect that New York Community Bancorp will post 0.85 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 13th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date of this dividend is Monday, February 12th. New York Community Bancorp’s dividend payout ratio is presently 75.56%.

Several institutional investors and hedge funds have recently bought and sold shares of NYCB. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of New York Community Bancorp by 33.8% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 27,831,006 shares of the financial services provider’s stock worth $358,742,000 after buying an additional 7,036,258 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of New York Community Bancorp by 364.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 5,127,649 shares of the financial services provider’s stock worth $66,095,000 after buying an additional 4,023,388 shares in the last quarter. Mondrian Investment Partners LTD bought a new stake in shares of New York Community Bancorp in the 4th quarter worth $47,004,000. Alecta Pensionsforsakring Omsesidigt raised its stake in shares of New York Community Bancorp by 8.6% in the 3rd quarter. Alecta Pensionsforsakring Omsesidigt now owns 11,400,000 shares of the financial services provider’s stock worth $146,946,000 after buying an additional 900,000 shares in the last quarter. Finally, BlackRock Inc. raised its stake in shares of New York Community Bancorp by 1.1% in the 4th quarter. BlackRock Inc. now owns 49,132,135 shares of the financial services provider’s stock worth $639,700,000 after buying an additional 518,946 shares in the last quarter. 59.13% of the stock is currently owned by institutional investors.

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New York Community Bancorp Company Profile

New York Community Bancorp, Inc is a multi-bank holding company. The Company operates through its subsidiaries, New York Community Bank (the Community Bank) and New York Commercial Bank (the Commercial Bank) (collectively, the Banks). The Company’s operations are divided into two segments: Banking Operations and Residential Mortgage Banking.

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