Investors Buy High Volume of New York Community Bancorp Call Options (NYSE:NYCB)

New York Community Bancorp, Inc. (NYSE:NYCB) was the recipient of some unusual options trading activity on Monday. Stock traders acquired 20,137 call options on the company. This is an increase of 60% compared to the typical daily volume of 12,574 call options.

New York Community Bancorp Stock Performance

NYSE NYCB traded up $0.82 during trading hours on Monday, reaching $11.42. 9,944,045 shares of the company were exchanged, compared to its average volume of 8,666,086. The stock has a market capitalization of $4.25 billion, a P/E ratio of 380.33 and a beta of 1.00. The company has a quick ratio of 1.17, a current ratio of 1.27 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. The business’s 50 day simple moving average is $15.77 and its 200-day simple moving average is $11.96.

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

New York Community Bancorp Cuts Dividend

The company 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 $0.01 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $0.04 annualized dividend and a dividend yield of 0.35%. New York Community Bancorp’s payout ratio is presently 133.33%.

Analyst Ratings Changes

NYCB has been the subject of a number of analyst reports. Wedbush reiterated 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. Citigroup upped their price target 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. StockNews.com upgraded New York Community Bancorp to a “sell” rating in a research note on Friday, July 19th. Keefe, Bruyette & Woods upped their target price on shares of New York Community Bancorp from $11.25 to $33.75 and gave the stock a “market perform” rating in a research note on Monday, July 15th. Finally, Barclays increased their target price on shares of 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 equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, New York Community Bancorp currently has a consensus rating of “Hold” and a consensus price target of $18.91.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NYCB. Versant Capital Management Inc boosted its holdings in New York Community Bancorp by 3,583.0% in the 1st quarter. Versant Capital Management Inc now owns 8,250 shares of the financial services provider’s stock worth $27,000 after buying an additional 8,026 shares during the period. AlphaMark Advisors LLC lifted its position in shares of New York Community Bancorp by 26.0% during the second quarter. AlphaMark Advisors LLC now owns 8,734 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 1,803 shares in the last quarter. Hantz Financial Services Inc. bought a new position in shares of New York Community Bancorp in the second quarter worth $28,000. Carmichael Hill & Associates Inc. boosted its holdings in shares of New York Community Bancorp by 201.0% in the second quarter. Carmichael Hill & Associates Inc. now owns 9,029 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 6,029 shares during the period. Finally, FinTrust Capital Advisors LLC grew its position 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 purchasing an additional 3,876 shares in the last quarter. Hedge funds and other 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.