Legacy Capital Group California Inc. lessened its stake in shares of New York Community Bancorp, Inc. (NYSE:NYCB - Free Report) by 67.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,236 shares of the financial services provider's stock after selling 55,382 shares during the period. Legacy Capital Group California Inc.'s holdings in New York Community Bancorp were worth $295,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. AlphaMark Advisors LLC lifted its position in 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 valued at $28,000 after purchasing an additional 1,803 shares during the period. Hantz Financial Services Inc. purchased a new stake in New York Community Bancorp during the 2nd quarter valued at about $28,000. Carmichael Hill & Associates Inc. grew its stake in shares of New York Community Bancorp by 201.0% in the 2nd quarter. Carmichael Hill & Associates Inc. now owns 9,029 shares of the financial services provider's stock valued at $29,000 after buying an additional 6,029 shares during the period. FinTrust Capital Advisors LLC grew its stake in shares of New York Community Bancorp by 66.9% in the 1st quarter. FinTrust Capital Advisors LLC now owns 9,673 shares of the financial services provider's stock valued at $31,000 after buying an additional 3,876 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in shares of New York Community Bancorp by 4,665.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 9,530 shares of the financial services provider's stock valued at $31,000 after buying an additional 9,330 shares during the period. Institutional investors own 67.88% of the company's stock.
New York Community Bancorp Price Performance
Shares of NYSE:NYCB traded down $0.95 on Friday, hitting $10.55. The company's stock had a trading volume of 18,531,372 shares, compared to its average volume of 8,349,230. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.27 and a quick ratio of 1.17. The company has a market capitalization of $4.38 billion, a PE ratio of -3.82 and a beta of 1.00. The company has a 50-day simple moving average of $11.11 and a 200 day simple moving average of $12.19. New York Community Bancorp, Inc. has a 1 year low of $5.10 and a 1 year high of $34.47.
New York Community Bancorp (NYSE:NYCB - Get Free Report) last released its earnings results on Friday, October 25th. The financial services provider reported ($0.69) EPS for the quarter, missing analysts' consensus estimates of ($0.40) by ($0.29). The firm had revenue of $1.65 billion during the quarter, compared to analysts' expectations of $621.72 million. New York Community Bancorp had a negative net margin of 10.78% and a negative return on equity of 4.49%. During the same quarter in the previous year, the business earned $1.08 EPS. Sell-side analysts forecast that New York Community Bancorp, Inc. will post -2.41 EPS for the current fiscal year.
New York Community Bancorp Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Saturday, December 7th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.38%. New York Community Bancorp's dividend payout ratio is presently -1.45%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the stock. 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 report on Wednesday, October 9th. Raymond James raised shares of New York Community Bancorp from an "underperform" rating to a "market perform" rating in a research report on Tuesday, September 17th. Keefe, Bruyette & Woods raised 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. Barclays raised shares of New York Community Bancorp from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $10.00 to $14.00 in a report on Thursday, September 26th. Finally, StockNews.com raised shares of New York Community Bancorp to a "sell" rating in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $17.48.
Read Our Latest Report on NYCB
New York Community Bancorp Profile
(
Free Report)
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.
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