New York Community Bancorp, Inc. (NYSE:NYCB) declared a quarterly dividend on Wednesday, October 24th, RTT News reports. Stockholders of record on Tuesday, November 6th will be given a dividend of 0.17 per share by the financial services provider on Tuesday, November 20th. This represents a $0.68 annualized dividend and a dividend yield of 7.14%. The ex-dividend date is Monday, November 5th.
New York Community Bancorp has decreased its dividend payment by an average of 12.1% annually over the last three years. New York Community Bancorp has a dividend payout ratio of 84.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect New York Community Bancorp to earn $0.78 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 87.2%.
Shares of New York Community Bancorp stock traded down $0.10 on Thursday, hitting $9.52. The stock had a trading volume of 8,577,717 shares, compared to its average volume of 7,869,018. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 2.20. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 1.22 and a beta of 0.65. New York Community Bancorp has a twelve month low of $8.88 and a twelve month high of $14.53.
New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. The business had revenue of $272.43 million during the quarter, compared to analysts’ expectations of $285.05 million. New York Community Bancorp had a return on equity of 6.60% and a net margin of 26.41%. During the same period in the previous year, the company posted $0.21 earnings per share. As a group, equities research analysts predict that New York Community Bancorp will post 0.79 earnings per share for the current fiscal year.
Several equities research analysts recently issued reports on NYCB shares. Sandler O’Neill set a $14.00 price target on New York Community Bancorp and gave the company a “buy” rating in a research note on Wednesday, July 25th. B. Riley set a $11.00 target price on New York Community Bancorp and gave the stock a “hold” rating in a research note on Monday, October 15th. Royal Bank of Canada restated a “hold” rating and set a $11.00 target price on shares of New York Community Bancorp in a research note on Thursday, July 26th. Credit Suisse Group restated a “neutral” rating and set a $12.00 target price on shares of New York Community Bancorp in a research note on Tuesday, August 28th. Finally, Piper Jaffray Companies upgraded New York Community Bancorp from an “underweight” rating to a “neutral” rating and cut their target price for the stock from $10.00 to $9.00 in a research note on Friday, October 26th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $12.32.
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About New York Community Bancorp
New York Community Bancorp, Inc operates as a holding company for New York Community Bank and New York Commercial Bank that offer banking products and financial services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company offers various deposit products that include checking and savings accounts, individual retirement accounts, certificates of deposit, NOW and money market accounts, and non-interest-bearing accounts.
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