Addison Capital Co Sells 182,549 Shares of New York Community Bancorp, Inc. (NYSE:NYCB)

Addison Capital Co cut its stake in New York Community Bancorp, Inc. (NYSE:NYCB - Free Report) by 78.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,293 shares of the financial services provider's stock after selling 182,549 shares during the period. Addison Capital Co's holdings in New York Community Bancorp were worth $554,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Renaissance Technologies LLC grew its holdings in New York Community Bancorp by 995.2% in the 2nd quarter. Renaissance Technologies LLC now owns 4,116,786 shares of the financial services provider's stock worth $13,256,000 after buying an additional 3,740,900 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of New York Community Bancorp by 353.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,830,195 shares of the financial services provider's stock worth $28,953,000 after purchasing an additional 2,206,140 shares in the last quarter. Private Management Group Inc. increased its holdings in shares of New York Community Bancorp by 1,639.1% during the first quarter. Private Management Group Inc. now owns 1,899,114 shares of the financial services provider's stock valued at $6,115,000 after purchasing an additional 1,789,914 shares during the period. WINTON GROUP Ltd bought a new stake in shares of New York Community Bancorp during the second quarter valued at about $5,401,000. Finally, SG Americas Securities LLC grew its position in New York Community Bancorp by 302.7% in the 2nd quarter. SG Americas Securities LLC now owns 1,681,490 shares of the financial services provider's stock valued at $5,414,000 after buying an additional 1,263,905 shares in the last quarter. 67.88% of the stock is currently owned by institutional investors.

New York Community Bancorp Stock Down 1.7 %

Shares of NYSE NYCB traded down $0.21 during mid-day trading on Friday, reaching $12.17. The company had a trading volume of 3,680,270 shares, compared to its average volume of 8,338,793. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.17 and a current ratio of 1.27. New York Community Bancorp, Inc. has a twelve month low of $5.10 and a twelve month high of $34.47. The stock's 50 day moving average is $10.94 and its 200-day moving average is $12.08. The stock has a market capitalization of $5.05 billion, a PE ratio of -4.44 and a beta of 1.00.

New York Community Bancorp (NYSE:NYCB - Get Free Report) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported ($3.15) EPS for the quarter, missing the consensus estimate of ($1.26) by ($1.89). The firm had revenue of $671.00 million during 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 quarterly revenue was down 44.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.23 EPS. As a group, equities analysts anticipate that New York Community Bancorp, Inc. will post -2.41 earnings per share for the current fiscal year.

New York Community Bancorp Cuts Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend was Friday, September 6th. New York Community Bancorp's payout ratio is presently -1.45%.

Analyst Ratings Changes

A number of research firms have commented on NYCB. Wedbush restated a "neutral" rating and set a $31.50 price target on shares of New York Community Bancorp in a research report on Friday, July 26th. StockNews.com raised New York Community Bancorp to a "sell" rating in a report on Friday, July 19th. JPMorgan Chase & Co. raised their price objective on New York Community Bancorp from $11.50 to $12.50 and gave the stock a "neutral" rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods boosted their target price on New York Community Bancorp from $11.25 to $33.75 and gave the stock a "market perform" rating in a research report on Monday, July 15th. Finally, Citigroup upped their price objective on shares of New York Community Bancorp from $10.50 to $12.00 and gave the company a "neutral" rating in a research note on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, New York Community Bancorp currently has a consensus rating of "Hold" and an average price target of $17.48.

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.