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

New York Community Bancorp, Inc. (NYSE:NYCB) was the target of some unusual options trading on Wednesday. Traders bought 3,892 call options on the company. This is an increase of 1,762% compared to the average volume of 209 call options.

Several brokerages have recently issued reports on NYCB. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $14.00 target price on shares of New York Community Bancorp in a report on Friday, December 22nd. Zacks Investment Research raised New York Community Bancorp from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Friday, January 12th. Barclays reduced their target price on New York Community Bancorp from $14.00 to $12.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 11th. Bank of America raised New York Community Bancorp from a “neutral” rating to a “buy” rating in a report on Wednesday, January 10th. 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 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. New York Community Bancorp currently has a consensus rating of “Hold” and an average price target of $13.25.

Several large investors have recently made changes to their positions in NYCB. Chicago Partners Investment Group LLC purchased a new position in shares of New York Community Bancorp during the third quarter valued at approximately $103,000. Robeco Institutional Asset Management B.V. purchased a new position in shares of New York Community Bancorp during the fourth quarter valued at approximately $113,000. Pacer Advisors Inc. boosted its position in shares of New York Community Bancorp by 8.3% during the second quarter. Pacer Advisors Inc. now owns 10,168 shares of the financial services provider’s stock valued at $134,000 after buying an additional 779 shares during the period. Brown Advisory Inc. purchased a new position in shares of New York Community Bancorp during the third quarter valued at approximately $146,000. Finally, Sapphire Star Partners LP purchased a new position in shares of New York Community Bancorp during the third quarter valued at approximately $155,000. Institutional investors and hedge funds own 59.32% of the company’s stock.

Shares of New York Community Bancorp (NYSE:NYCB) traded down $0.28 during trading hours on Friday, hitting $13.92. The company’s stock had a trading volume of 5,361,955 shares, compared to its average volume of 4,250,000. New York Community Bancorp has a fifty-two week low of $11.67 and a fifty-two week high of $15.59. The stock has a market capitalization of $6,810.00, a price-to-earnings ratio of 15.47, a PEG ratio of 1.66 and a beta of 0.65. The company has a quick ratio of 1.41, a current ratio of 1.40 and a debt-to-equity ratio of 2.05.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, February 12th. This represents a $0.68 annualized dividend and a dividend yield of 4.89%. New York Community Bancorp’s dividend payout ratio (DPR) is presently 75.56%.

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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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