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

New York Community Bancorp, Inc. (NYSE:NYCB) saw some unusual options trading activity on Monday. Stock traders acquired 20,137 call options on the stock. This represents an increase of approximately 60% compared to the average daily volume of 12,574 call options.

New York Community Bancorp Stock Performance

Shares of New York Community Bancorp stock opened at $11.43 on Tuesday. The company has a 50 day moving average of $15.80 and a 200-day moving average of $11.94. The company has a market cap of $3.13 billion, a PE ratio of 380.83 and a beta of 1.00. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 3.66. New York Community Bancorp has a 1-year low of $5.10 and a 1-year high of $35.04.

New York Community Bancorp (NYSE:NYCB) last released its earnings results on Thursday, July 25th. The financial services provider reported ($3.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.26) by ($1.89). New York Community Bancorp had a negative net margin of 10.78% and a negative return on equity of 4.49%. The business had revenue of $671.00 million during the quarter, compared to the consensus estimate of $722.47 million. During the same quarter in the prior year, the firm earned $4.23 EPS. The business’s revenue was down 44.2% on a year-over-year basis. As a group, equities research analysts forecast that New York Community Bancorp will post -2.43 earnings per share for the current fiscal year.

New York Community Bancorp Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Saturday, September 7th will be issued a dividend of $0.01 per share. The ex-dividend date 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 dividend payout ratio (DPR) is presently 133.33%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wedbush reaffirmed a “neutral” rating and set a $31.50 price target on shares of New York Community Bancorp in a research note on Friday, July 26th. Barclays lifted their price target on shares of New York Community Bancorp from $12.00 to $30.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. StockNews.com upgraded shares of New York Community Bancorp to a “sell” rating in a research note on Friday, July 19th. Keefe, Bruyette & Woods lifted their target price 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. Finally, Citigroup upped their target price on New York Community Bancorp from $10.50 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, July 3rd. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $18.91.

Institutional Investors Weigh In On New York Community Bancorp

Institutional investors have recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of New York Community Bancorp by 24.6% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 44,726 shares of the financial services provider’s stock valued at $458,000 after purchasing an additional 8,817 shares during the period. Moody National Bank Trust Division boosted its holdings in shares of New York Community Bancorp by 49.6% during the 1st quarter. Moody National Bank Trust Division now owns 32,481 shares of the financial services provider’s stock worth $105,000 after buying an additional 10,770 shares in the last quarter. Virtu Financial LLC boosted its holdings in shares of New York Community Bancorp by 24.6% during the 4th quarter. Virtu Financial LLC now owns 70,945 shares of the financial services provider’s stock worth $726,000 after buying an additional 14,011 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of New York Community Bancorp by 159.0% during the 4th quarter. BNP Paribas Financial Markets now owns 471,822 shares of the financial services provider’s stock worth $4,827,000 after buying an additional 289,686 shares during the period. Finally, Stifel Financial Corp increased its stake in shares of New York Community Bancorp by 6.8% in the 4th quarter. Stifel Financial Corp now owns 2,051,809 shares of the financial services provider’s stock valued at $20,990,000 after acquiring an additional 129,889 shares in the last quarter. Institutional investors own 67.88% of the company’s stock.

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.