Stock Traders Purchase Large Volume of New York Community Bancorp Call Options (NYSE:NYCB)

New York Community Bancorp, Inc. (NYSE:NYCB) was the target of some unusual options trading on Monday. Stock investors purchased 20,137 call options on the stock. This represents an increase of 60% compared to the typical volume of 12,574 call options.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on NYCB shares. Wedbush reiterated a “neutral” rating and issued a $31.50 price target on shares of New York Community Bancorp in a research note on Friday, July 26th. Citigroup lifted their target price on New York Community Bancorp from $10.50 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday, July 3rd. Keefe, Bruyette & Woods increased their price target on New York Community Bancorp from $11.25 to $33.75 and gave the company a “market perform” rating in a research report on Monday, July 15th. StockNews.com raised New York Community Bancorp to a “sell” rating in a research report on Friday, July 19th. Finally, Barclays increased their price objective on New York Community Bancorp from $12.00 to $30.00 and gave the company an “equal weight” rating in a report on Monday, July 29th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $18.91.

New York Community Bancorp Price Performance

Shares of New York Community Bancorp stock opened at $11.43 on Tuesday. The company has a quick ratio of 1.17, a current ratio of 1.27 and a debt-to-equity ratio of 3.66. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 380.83 and a beta of 1.00. New York Community Bancorp has a twelve month low of $5.10 and a twelve month high of $35.04. The company has a 50-day simple moving average of $15.80 and a two-hundred day simple moving average of $11.94.

New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported ($3.15) EPS for the quarter, missing analysts’ consensus estimates of ($1.26) by ($1.89). The company had revenue of $671.00 million during the quarter, compared to analyst estimates of $722.47 million. New York Community Bancorp had a negative net margin of 10.78% and a negative return on equity of 4.49%. The firm’s revenue for the quarter was down 44.2% compared to the same quarter last year. During the same period last year, the firm earned $4.23 EPS. Analysts forecast that New York Community Bancorp will post -2.43 EPS for the current year.

New York Community Bancorp Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Saturday, September 7th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.35%. New York Community Bancorp’s payout ratio is presently 133.33%.

Hedge Funds Weigh In On New York Community Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc lifted its holdings in shares of New York Community Bancorp by 3,583.0% during the first quarter. Versant Capital Management Inc now owns 8,250 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 8,026 shares during the period. AlphaMark Advisors LLC lifted its holdings in New York Community Bancorp by 26.0% during the 2nd quarter. AlphaMark Advisors LLC now owns 8,734 shares of the financial services provider’s stock worth $28,000 after buying an additional 1,803 shares during the period. Hantz Financial Services Inc. bought a new stake in shares of New York Community Bancorp in the 2nd quarter valued at about $28,000. Carmichael Hill & Associates Inc. grew its position in shares of New York Community Bancorp by 201.0% in the 2nd quarter. Carmichael Hill & Associates Inc. now owns 9,029 shares of the financial services provider’s stock valued at $29,000 after buying an additional 6,029 shares during the last quarter. Finally, FinTrust Capital Advisors LLC increased its stake in shares of New York Community Bancorp by 66.9% in the first quarter. FinTrust Capital Advisors LLC now owns 9,673 shares of the financial services provider’s stock valued at $31,000 after buying an additional 3,876 shares during the period. Institutional investors and hedge funds own 67.88% of the company’s stock.

About New York Community Bancorp

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.