Inspire Investing LLC Sells 120,323 Shares of New York Community Bancorp, Inc. (NYSE:NYCB)

Inspire Investing LLC decreased its holdings in shares of New York Community Bancorp, Inc. (NYSE:NYCB - Free Report) by 74.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,185 shares of the financial services provider's stock after selling 120,323 shares during the quarter. Inspire Investing LLC's holdings in New York Community Bancorp were worth $463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in NYCB. Quarry LP increased its position in shares of New York Community Bancorp by 585.5% during the fourth quarter. Quarry LP now owns 4,031 shares of the financial services provider's stock valued at $41,000 after buying an additional 3,443 shares during the period. Virtu Financial LLC increased its holdings in 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 acquiring an additional 14,011 shares during the period. Goldman Sachs Group Inc. boosted its holdings in New York Community Bancorp by 353.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,830,195 shares of the financial services provider's stock valued at $28,953,000 after purchasing an additional 2,206,140 shares during the period. Quadrature Capital Ltd bought a new position in New York Community Bancorp in the 4th quarter valued at $1,099,000. Finally, HighPoint Advisor Group LLC bought a new position in shares of New York Community Bancorp in the fourth quarter worth $315,000. Hedge funds and other institutional investors own 67.88% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Raymond James raised New York Community Bancorp from an "underperform" rating to a "market perform" rating in a research note on Tuesday, September 17th. Barclays upgraded New York Community Bancorp from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $10.00 to $14.00 in a research report on Thursday, September 26th. JPMorgan Chase & Co. upped their price objective on shares of New York Community Bancorp from $11.50 to $12.50 and gave the stock a "neutral" rating in a research report on Wednesday, October 9th. Wedbush reissued a "neutral" rating and issued a $31.50 target price on shares of New York Community Bancorp in a research note on Friday, July 26th. Finally, Keefe, Bruyette & Woods lifted their price target on 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. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $17.48.

New York Community Bancorp Trading Down 0.5 %

Shares of NYSE:NYCB traded down $0.06 during midday trading on Tuesday, hitting $11.84. 5,187,560 shares of the stock traded hands, compared to its average volume of 8,393,480. 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 business's 50 day moving average is $10.82 and its two-hundred day moving average is $12.08. The stock has a market capitalization of $3.24 billion, a PE ratio of 394.50 and a beta of 1.00. New York Community Bancorp, Inc. has a one year low of $5.10 and a one year high of $34.47.

New York Community Bancorp (NYSE:NYCB - Get Free Report) last released 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 business had revenue of $671.00 million for the quarter, compared to the consensus estimate 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 company's revenue for the quarter was down 44.2% on a year-over-year basis. During the same period in the previous year, the company earned $4.23 EPS. As a group, research analysts forecast that New York Community Bancorp, Inc. will post -2.42 earnings per share for the current year.

New York Community Bancorp Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Saturday, September 7th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date was Friday, September 6th. New York Community Bancorp's payout ratio is 133.33%.

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.