J.W. Cole Advisors Inc. purchased a new position in New York Community Bancorp, Inc. (NYSE:NYCB – Get Rating) during the first quarter, Holdings Channel.com reports. The firm purchased 10,697 shares of the financial services provider’s stock, valued at approximately $115,000.
Other institutional investors have also recently bought and sold shares of the company. Rinkey Investments acquired a new stake in New York Community Bancorp during the 4th quarter worth about $26,000. Exchange Traded Concepts LLC acquired a new stake in New York Community Bancorp during the 1st quarter worth about $30,000. CWM LLC boosted its position in New York Community Bancorp by 57.1% during the 1st quarter. CWM LLC now owns 3,675 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 1,335 shares during the period. Fortitude Advisory Group L.L.C. boosted its position in New York Community Bancorp by 71.4% during the 1st quarter. Fortitude Advisory Group L.L.C. now owns 3,818 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 1,591 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in New York Community Bancorp during the 1st quarter worth about $45,000. Hedge funds and other institutional investors own 62.84% of the company’s stock.
New York Community Bancorp Stock Down 1.0 %
Shares of New York Community Bancorp stock opened at $9.36 on Thursday. The stock has a 50-day simple moving average of $10.01 and a 200-day simple moving average of $9.92. New York Community Bancorp, Inc. has a 52-week low of $8.50 and a 52-week high of $14.33. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market cap of $4.36 billion, a price-to-earnings ratio of 7.49, a P/E/G ratio of 0.73 and a beta of 1.00.
New York Community Bancorp Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, August 18th. Investors of record on Monday, August 8th were issued a $0.17 dividend. The ex-dividend date was Friday, August 5th. This represents a $0.68 annualized dividend and a yield of 7.26%. New York Community Bancorp’s dividend payout ratio (DPR) is currently 54.40%.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on NYCB shares. B. Riley decreased their price objective on New York Community Bancorp from $11.00 to $10.00 in a research report on Monday, July 11th. Keefe, Bruyette & Woods lowered New York Community Bancorp from an “outperform” rating to a “market perform” rating and set a $11.00 price target for the company. in a report on Thursday, June 2nd. One analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to data from MarketBeat.com, New York Community Bancorp has a consensus rating of “Hold” and a consensus target price of $10.00.
About New York Community Bancorp
New York Community Bancorp, Inc operates as the bank holding company for New York Community Bank that provides banking products and services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company accepts various deposit products, such as interest-bearing checking and money market, savings, non-interest-bearing, and individual retirement accounts, as well as certificates of deposit.
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