Inspire Advisors LLC Has $225,000 Stock Holdings in New York Community Bancorp, Inc. (NYSE:NYCB)

Inspire Advisors LLC cut its position in shares of New York Community Bancorp, Inc. (NYSE:NYCB - Free Report) by 67.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,077 shares of the financial services provider's stock after selling 42,108 shares during the quarter. Inspire Advisors LLC's holdings in New York Community Bancorp were worth $225,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Renaissance Technologies LLC grew its stake in New York Community Bancorp by 995.2% in the second quarter. Renaissance Technologies LLC now owns 4,116,786 shares of the financial services provider's stock valued at $13,256,000 after purchasing an additional 3,740,900 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of New York Community Bancorp by 353.5% during the 4th 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 during the last quarter. Private Management Group Inc. lifted its stake in New York Community Bancorp by 1,639.1% in the 1st 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 last quarter. WINTON GROUP Ltd acquired a new position in New York Community Bancorp during the second quarter worth approximately $5,401,000. Finally, SG Americas Securities LLC raised its stake in New York Community Bancorp by 302.7% in the second 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 during the period. Institutional investors and hedge funds own 67.88% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. 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 report on Monday, July 15th. 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 report on Wednesday, July 3rd. Raymond James upgraded shares of New York Community Bancorp from an "underperform" rating to a "market perform" rating in a research note on Tuesday, September 17th. Barclays raised shares of New York Community Bancorp from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $10.00 to $14.00 in a report on Thursday, September 26th. Finally, Wedbush reissued a "neutral" rating and issued a $31.50 price target on shares of New York Community Bancorp in a report on Friday, July 26th. 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 company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $17.48.

New York Community Bancorp Price Performance

Shares of NYCB traded down $0.20 during trading hours on Friday, hitting $12.18. 3,680,327 shares of the company were exchanged, compared to its average volume of 8,338,793. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 406.00 and a beta of 1.00. The firm's fifty day moving average is $10.99 and its 200 day moving average is $12.14. New York Community Bancorp, Inc. has a fifty-two week low of $5.10 and a fifty-two week high of $34.47. 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 (NYSE:NYCB - Get Free Report) last released its 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). New York Community Bancorp had a negative net margin of 10.78% and a negative return on equity of 4.49%. The firm had revenue of $671.00 million during the quarter, compared to the consensus estimate of $722.47 million. During the same period in the prior year, the business earned $4.23 earnings per share. New York Community Bancorp's quarterly revenue was down 44.2% compared to the same quarter last year. On average, 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 announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Saturday, September 7th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend was Friday, September 6th. New York Community Bancorp's payout ratio is presently 133.33%.

New York Community Bancorp 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.