Mackenzie Financial Corp Acquires Shares of 28,100 New York Community Bancorp, Inc. (NYSE:NYCB)

Mackenzie Financial Corp bought a new stake in New York Community Bancorp, Inc. (NYSE:NYCB) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 28,100 shares of the financial services provider’s stock, valued at approximately $287,000.

Other institutional investors have also modified their holdings of the company. Orion Capital Management LLC purchased a new position in New York Community Bancorp during the 3rd quarter worth $28,000. Loomis Sayles & Co. L P acquired a new position in shares of New York Community Bancorp during the third quarter worth about $29,000. Authentikos Wealth Advisory LLC purchased a new position in New York Community Bancorp during the third quarter worth about $35,000. FinTrust Capital Advisors LLC boosted its holdings in New York Community Bancorp by 36.0% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 7,321 shares of the financial services provider’s stock valued at $83,000 after purchasing an additional 1,938 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of New York Community Bancorp in the 3rd quarter valued at approximately $89,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

Analyst Upgrades and Downgrades

NYCB has been the subject of a number of recent analyst reports. Morgan Stanley reduced their target price on New York Community Bancorp from $6.00 to $4.00 and set an “equal weight” rating for the company in a report on Thursday, March 7th. Wedbush decreased their price objective on shares of New York Community Bancorp from $3.50 to $3.00 and set an “underperform” rating on the stock in a report on Thursday, March 7th. UBS Group cut shares of New York Community Bancorp from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Bank of America lowered New York Community Bancorp from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $8.50 to $5.00 in a research note on Wednesday, February 7th. Finally, Barclays started coverage on New York Community Bancorp in a research note on Friday, March 8th. They issued an “equal weight” rating and a $4.00 price objective for the company. Three analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company’s stock. According to MarketBeat.com, New York Community Bancorp has a consensus rating of “Hold” and an average price target of $5.43.

Insider Activity at New York Community Bancorp

In related news, Director Marshall Lux purchased 27,100 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were bought at an average price of $3.69 per share, for a total transaction of $99,999.00. Following the acquisition, the director now directly owns 64,872 shares in the company, valued at $239,377.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other New York Community Bancorp news, Director Marshall Lux bought 27,100 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was purchased at an average price of $3.69 per share, with a total value of $99,999.00. Following the transaction, the director now owns 64,872 shares in the company, valued at $239,377.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Peter Schoels acquired 100,000 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were acquired at an average price of $4.15 per share, with a total value of $415,000.00. Following the completion of the purchase, the director now owns 147,438 shares of the company’s stock, valued at $611,867.70. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 213,410 shares of company stock worth $875,626. 1.62% of the stock is owned by company insiders.

New York Community Bancorp Trading Down 3.3 %

Shares of NYCB opened at $2.97 on Friday. New York Community Bancorp, Inc. has a fifty-two week low of $1.70 and a fifty-two week high of $14.22. The company has a market capitalization of $2.37 billion, a PE ratio of 0.89 and a beta of 0.91. The stock has a fifty day moving average of $3.51 and a two-hundred day moving average of $7.26. 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 (NYSE:NYCB) last announced its quarterly earnings data on Wednesday, January 31st. The financial services provider reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.56). New York Community Bancorp had a net margin of 28.96% and a return on equity of 6.22%. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $935.90 million. During the same period in the prior year, the firm earned $0.25 EPS. As a group, analysts forecast that New York Community Bancorp, Inc. will post -0.08 EPS for the current year.

New York Community Bancorp Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were given a $0.05 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $0.20 annualized dividend and a dividend yield of 6.73%. New York Community Bancorp’s dividend payout ratio is presently 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.