10,700 Shares in New York Community Bancorp, Inc. (NYSE:NYCB) Purchased by NewEdge Wealth LLC

NewEdge Wealth LLC bought a new position in shares of New York Community Bancorp, Inc. (NYSE:NYCB) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 10,700 shares of the financial services provider’s stock, valued at approximately $109,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of NYCB. JPMorgan Chase & Co. lifted its holdings in shares of New York Community Bancorp by 6.2% during the first quarter. JPMorgan Chase & Co. now owns 1,081,423 shares of the financial services provider’s stock worth $11,593,000 after purchasing an additional 63,418 shares during the period. American Century Companies Inc. lifted its holdings in shares of New York Community Bancorp by 95.1% during the first quarter. American Century Companies Inc. now owns 146,581 shares of the financial services provider’s stock worth $1,571,000 after purchasing an additional 71,460 shares during the period. US Bancorp DE lifted its holdings in shares of New York Community Bancorp by 2.7% during the first quarter. US Bancorp DE now owns 60,084 shares of the financial services provider’s stock worth $644,000 after purchasing an additional 1,587 shares during the period. AlphaCrest Capital Management LLC lifted its holdings in shares of New York Community Bancorp by 122.0% during the first quarter. AlphaCrest Capital Management LLC now owns 36,608 shares of the financial services provider’s stock worth $392,000 after purchasing an additional 20,121 shares during the period. Finally, Natixis Advisors L.P. purchased a new position in New York Community Bancorp during the first quarter valued at approximately $235,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Lee Matthew Smith acquired 25,000 shares of the stock in a transaction on Friday, February 9th. The shares were bought at an average price of $4.05 per share, with a total value of $101,250.00. Following the completion of the purchase, the executive vice president now owns 1,440,683 shares of the company’s stock, valued at approximately $5,834,766.15. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other New York Community Bancorp news, EVP Lee Matthew Smith purchased 25,000 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were acquired at an average price of $4.05 per share, with a total value of $101,250.00. Following the purchase, the executive vice president now directly owns 1,440,683 shares in the company, valued at approximately $5,834,766.15. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Peter Schoels purchased 100,000 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was acquired at an average cost of $4.15 per share, for a total transaction of $415,000.00. Following the purchase, the director now owns 147,438 shares in the company, valued at $611,867.70. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 213,410 shares of company stock valued at $875,626. Insiders own 1.62% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NYCB. Compass Point cut New York Community Bancorp from a “buy” rating to a “neutral” rating and reduced their price target for the company from $16.00 to $8.00 in a research report on Thursday, February 1st. Wedbush reduced their price target on New York Community Bancorp from $3.50 to $3.00 and set an “underperform” rating for the company in a research report on Thursday, March 7th. Bank of America cut New York Community Bancorp from a “buy” rating to a “neutral” rating and reduced their price target for the company from $8.50 to $5.00 in a research report on Wednesday, February 7th. DA Davidson cut New York Community Bancorp from a “buy” rating to a “neutral” rating and reduced their price target for the company from $8.50 to $5.00 in a research report on Thursday, February 8th. Finally, Morgan Stanley reduced their price target on New York Community Bancorp from $6.00 to $4.00 and set an “equal weight” rating for the company in a research report on Thursday, March 7th. Three analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. Based on data from MarketBeat, New York Community Bancorp has an average rating of “Hold” and an average price target of $5.43.

New York Community Bancorp Stock Down 0.5 %

Shares of NYCB opened at $2.96 on Friday. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.17 and a current ratio of 1.18. New York Community Bancorp, Inc. has a one year low of $1.70 and a one year high of $14.22. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 0.89 and a beta of 0.91. The stock has a 50 day moving average price of $3.72 and a 200 day moving average price of $7.61.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings data on Wednesday, January 31st. The financial services provider reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.56). The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $935.90 million. New York Community Bancorp had a return on equity of 6.22% and a net margin of 28.96%. During the same period last year, the firm posted $0.25 EPS. Equities research analysts forecast that New York Community Bancorp, Inc. will post -0.08 earnings per share for the current fiscal year.

New York Community Bancorp Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 6.77%. The ex-dividend date of this dividend was Tuesday, February 13th. New York Community Bancorp’s dividend payout ratio (DPR) is currently 6.01%.

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.