New York Community Bancorp, Inc. (NYCB) Short Interest Update

New York Community Bancorp, Inc. (NYSE:NYCB) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 43,700,761 shares, a decline of 7.0% from the February 15th total of 46,999,866 shares. Currently, 9.5% of the shares of the company are sold short. Based on an average daily trading volume, of 4,739,350 shares, the short-interest ratio is presently 9.2 days.

Several institutional investors and hedge funds have recently added to or reduced their stakes in NYCB. Private Advisor Group LLC grew its position in shares of New York Community Bancorp by 52.7% during the 3rd quarter. Private Advisor Group LLC now owns 24,141 shares of the financial services provider’s stock valued at $250,000 after purchasing an additional 8,331 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of New York Community Bancorp during the 3rd quarter valued at $1,647,000. SG Americas Securities LLC grew its position in shares of New York Community Bancorp by 47.6% during the 3rd quarter. SG Americas Securities LLC now owns 215,715 shares of the financial services provider’s stock valued at $2,237,000 after purchasing an additional 69,571 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of New York Community Bancorp by 2.9% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,470,407 shares of the financial services provider’s stock valued at $15,248,000 after purchasing an additional 40,784 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of New York Community Bancorp by 1.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,696,955 shares of the financial services provider’s stock valued at $17,597,000 after purchasing an additional 31,311 shares in the last quarter. Hedge funds and other institutional investors own 64.15% of the company’s stock.

New York Community Bancorp stock opened at $12.21 on Tuesday. New York Community Bancorp has a 1-year low of $8.61 and a 1-year high of $14.20. The company has a market capitalization of $5.68 billion, a P/E ratio of 15.46, a price-to-earnings-growth ratio of 1.50 and a beta of 1.00. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 2.31.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings data on Wednesday, January 30th. The financial services provider reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. New York Community Bancorp had a net margin of 23.72% and a return on equity of 6.76%. The business had revenue of $270.31 million during the quarter, compared to analyst estimates of $270.24 million. During the same period in the previous year, the business earned $0.26 EPS. Sell-side analysts forecast that New York Community Bancorp will post 0.8 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 26th. Stockholders of record on Tuesday, February 12th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, February 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.57%. New York Community Bancorp’s dividend payout ratio (DPR) is currently 86.08%.

A number of research analysts recently weighed in on NYCB shares. UBS Group upgraded shares of New York Community Bancorp from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $10.00 to $15.00 in a research note on Wednesday, February 6th. Morgan Stanley lowered shares of New York Community Bancorp from an “equal weight” rating to an “underweight” rating and set a $11.50 price objective for the company. in a research note on Monday, March 11th. Zacks Investment Research reiterated a “hold” rating on shares of New York Community Bancorp in a research note on Monday, December 31st. Credit Suisse Group reiterated a “hold” rating and issued a $11.00 price objective on shares of New York Community Bancorp in a research note on Monday, January 7th. Finally, Barclays lowered shares of New York Community Bancorp from an “equal weight” rating to an “underweight” rating in a research note on Thursday, January 10th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $11.85.

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New York Community Bancorp Company Profile

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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