Sigma Planning Corp Has $657,000 Stock Position in New York Community Bancorp, Inc. (NYSE:NYCB)

Sigma Planning Corp lowered its position in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 55.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 64,195 shares of the financial services provider’s stock after selling 81,202 shares during the quarter. Sigma Planning Corp’s holdings in New York Community Bancorp were worth $657,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. CWM LLC raised its stake in shares of New York Community Bancorp by 53.7% during the 4th quarter. CWM LLC now owns 18,323 shares of the financial services provider’s stock worth $187,000 after purchasing an additional 6,399 shares in the last quarter. Lindbrook Capital LLC increased its position in New York Community Bancorp by 146.4% during the 4th quarter. Lindbrook Capital LLC now owns 6,346 shares of the financial services provider’s stock worth $65,000 after buying an additional 3,770 shares during the period. Onyx Bridge Wealth Group LLC increased its position in New York Community Bancorp by 3.6% during the 4th quarter. Onyx Bridge Wealth Group LLC now owns 81,898 shares of the financial services provider’s stock worth $838,000 after buying an additional 2,826 shares during the period. Wetzel Investment Advisors Inc. bought a new position in New York Community Bancorp during the 4th quarter worth $40,000. Finally, Naples Money Management LLC acquired a new stake in shares of New York Community Bancorp during the 4th quarter worth $30,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

New York Community Bancorp Price Performance

Shares of NYCB opened at $3.06 on Thursday. New York Community Bancorp, Inc. has a 1 year low of $1.70 and a 1 year high of $14.22. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.18 and a quick ratio of 1.17. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 0.92 and a beta of 0.91. The business has a 50-day moving average of $3.58 and a 200-day moving average of $7.37.

New York Community Bancorp (NYSE:NYCB) last issued its earnings results 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 business had revenue of $1.59 billion during the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm posted $0.25 earnings per share. As a group, equities research analysts anticipate that New York Community Bancorp, Inc. will post -0.08 earnings per share for the current year.

New York Community Bancorp Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were issued a $0.05 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $0.20 dividend on an annualized basis and a yield of 6.54%. New York Community Bancorp’s payout ratio is currently 6.01%.

Insiders Place Their Bets

In other New York Community Bancorp news, CEO Thomas R. Cangemi bought 11,310 shares of the stock in a transaction on Friday, February 9th. The stock was acquired at an average cost of $4.41 per share, for a total transaction of $49,877.10. Following the completion of the acquisition, the chief executive officer now owns 69,704 shares in the company, valued at approximately $307,394.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Thomas R. Cangemi acquired 11,310 shares of New York Community Bancorp stock in a transaction on Friday, February 9th. The stock was purchased at an average price of $4.41 per share, with a total value of $49,877.10. Following the completion of the purchase, the chief executive officer now owns 69,704 shares of the company’s stock, valued at approximately $307,394.64. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Lee Matthew Smith acquired 25,000 shares of New York Community Bancorp stock in a transaction on Friday, February 9th. The stock was purchased at an average cost 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 of the company’s stock, valued at approximately $5,834,766.15. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 213,410 shares of company stock worth $875,626. 1.62% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on NYCB. Deutsche Bank Aktiengesellschaft lowered New York Community Bancorp from a “buy” rating to a “hold” rating and reduced their target price for the stock from $15.00 to $7.00 in a report on Friday, February 2nd. Compass Point lowered New York Community Bancorp from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $16.00 to $8.00 in a research note on Thursday, February 1st. UBS Group lowered New York Community Bancorp from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Barclays initiated coverage on New York Community Bancorp in a research note on Friday, March 8th. They set an “equal weight” rating and a $4.00 price target on the stock. Finally, Jefferies Financial Group lowered New York Community Bancorp from a “buy” rating to a “hold” rating and cut their price target for the company from $13.00 to $7.00 in a research note on Thursday, February 1st. Three analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the stock. Based on data from MarketBeat.com, New York Community Bancorp currently has an average rating of “Hold” and a consensus price target of $5.43.

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.