J.W. Cole Advisors Inc. Sells 3,822 Shares of New York Community Bancorp, Inc. (NYSE:NYCB)

J.W. Cole Advisors Inc. cut its stake in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 26.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,680 shares of the financial services provider’s stock after selling 3,822 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in New York Community Bancorp were worth $109,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NYCB. Wellington Management Group LLP boosted its position in shares of New York Community Bancorp by 7.5% during the third quarter. Wellington Management Group LLP now owns 67,668,954 shares of the financial services provider’s stock worth $767,366,000 after acquiring an additional 4,723,876 shares during the last quarter. Westfield Capital Management Co. LP boosted its stake in New York Community Bancorp by 154.0% during the third quarter. Westfield Capital Management Co. LP now owns 5,135,955 shares of the financial services provider’s stock valued at $58,242,000 after buying an additional 3,114,070 shares during the last quarter. Invesco Ltd. increased its stake in New York Community Bancorp by 3.4% in the 3rd quarter. Invesco Ltd. now owns 2,699,449 shares of the financial services provider’s stock worth $30,612,000 after acquiring an additional 88,482 shares during the last quarter. Schonfeld Strategic Advisors LLC raised its holdings in shares of New York Community Bancorp by 42.7% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 2,404,016 shares of the financial services provider’s stock worth $27,262,000 after acquiring an additional 719,728 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of New York Community Bancorp by 0.6% during the 3rd quarter. Rhumbline Advisers now owns 2,222,314 shares of the financial services provider’s stock valued at $25,201,000 after acquiring an additional 13,805 shares during the last quarter. 67.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on NYCB shares. TheStreet lowered shares of New York Community Bancorp from a “b-” rating to a “c+” rating in a research report on Monday, February 5th. Morgan Stanley cut their target price on New York Community Bancorp from $6.00 to $4.00 and set an “equal weight” rating on the stock 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 lowered their target price for the stock from $8.50 to $5.00 in a report on Wednesday, February 7th. Barclays initiated coverage on New York Community Bancorp in a report on Friday, March 8th. They issued an “equal weight” rating and a $4.00 price objective for the company. Finally, UBS Group cut shares of New York Community Bancorp from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Three analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company. Based on data from MarketBeat.com, New York Community Bancorp currently has a consensus rating of “Hold” and a consensus target price of $5.43.

Insider Buying and Selling

In other news, Director Marshall Lux bought 27,100 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was purchased at an average cost of $3.69 per share, with a total value 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 filing with the SEC, which is accessible through this hyperlink. In other New York Community Bancorp news, EVP Lee Matthew Smith bought 25,000 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were purchased at an average price of $4.05 per share, for a total transaction of $101,250.00. Following the transaction, the executive vice president now directly owns 1,440,683 shares of the company’s stock, valued at approximately $5,834,766.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Marshall Lux purchased 27,100 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was bought at an average cost of $3.69 per share, with a total value of $99,999.00. Following the acquisition, the director now owns 64,872 shares in the company, valued at approximately $239,377.68. The disclosure for this purchase can be found here. Insiders have purchased a total of 213,410 shares of company stock valued at $875,626 over the last ninety days. Company insiders own 1.62% of the company’s stock.

New York Community Bancorp Stock Down 3.6 %

New York Community Bancorp stock 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 fifty-two week low of $1.70 and a fifty-two week high of $14.22. The company has a market cap of $2.36 billion, a PE ratio of 0.89 and a beta of 0.91. The business’s 50-day simple moving average is $3.51 and its two-hundred day simple moving average is $7.29.

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 the consensus estimate of $0.29 by ($0.56). The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $935.90 million. New York Community Bancorp had a net margin of 28.96% and a return on equity of 6.22%. During the same quarter in the previous year, the firm posted $0.25 earnings per share. Equities analysts anticipate 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. Stockholders of record on Wednesday, February 14th were paid a $0.05 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.76%. New York Community Bancorp’s payout ratio is 6.01%.

New York Community Bancorp Company 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.