New York Community Bancorp, Inc. (NYSE:NYCB – Get Free Report) announced a quarterly dividend on Friday, October 25th, RTT News reports. Stockholders of record on Saturday, December 7th will be paid a dividend of 0.01 per share by the financial services provider on Tuesday, December 17th. This represents a $0.04 annualized dividend and a dividend yield of 0.38%.
New York Community Bancorp has a payout ratio of 66.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect New York Community Bancorp to earn $0.06 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 66.7%.
New York Community Bancorp Trading Down 8.3 %
NYSE NYCB opened at $10.55 on Friday. New York Community Bancorp has a 12 month low of $5.10 and a 12 month high of $34.47. The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of -3.82 and a beta of 1.00. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.27 and a quick ratio of 1.17. The firm’s fifty day moving average price is $11.11 and its 200 day moving average price is $12.19.
Analyst Ratings Changes
A number of equities research analysts have weighed in on NYCB shares. Raymond James upgraded New York Community Bancorp from an “underperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. StockNews.com upgraded shares of New York Community Bancorp to a “sell” rating in a research report on Friday, July 19th. Citigroup raised their price objective on shares of New York Community Bancorp from $10.50 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 3rd. Keefe, Bruyette & Woods upped their target price on shares of New York Community Bancorp from $11.25 to $33.75 and gave the company a “market perform” rating in a report on Monday, July 15th. Finally, JPMorgan Chase & Co. raised their price target on New York Community Bancorp from $11.50 to $12.50 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $17.48.
View Our Latest Research Report on New York Community Bancorp
New York Community Bancorp Company Profile
New York Community Bancorp, Inc operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company's deposit products include interest-bearing checking and money market, savings, non-interest-bearing, and retirement accounts, as well as certificates of deposit.
Recommended Stories
- Five stocks we like better than New York Community Bancorp
- How Investors Can Find the Best Cheap Dividend Stocks
- Real Estate Sector Outperforms: 3 Stocks to Gain Exposure
- Find and Profitably Trade Stocks at 52-Week Lows
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- Why Invest in 5G? How to Invest in 5G Stocks
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
Receive News & Ratings for New York Community Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Community Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.