New York Community Bancorp, Inc. (NYSE:NYCB) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lessened its position in New York Community Bancorp, Inc. (NYSE:NYCB) by 50.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 14,918 shares of the financial services provider’s stock after selling 15,070 shares during the period. DekaBank Deutsche Girozentrale’s holdings in New York Community Bancorp were worth $156,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC lifted its position in New York Community Bancorp by 1,237.8% in the fourth quarter. International Assets Investment Management LLC now owns 484,124 shares of the financial services provider’s stock valued at $47,324,000 after purchasing an additional 447,937 shares during the period. Nordea Investment Management AB acquired a new stake in shares of New York Community Bancorp in the 4th quarter valued at approximately $1,755,000. AQR Capital Management LLC boosted its stake in shares of New York Community Bancorp by 212.7% in the third quarter. AQR Capital Management LLC now owns 1,982,700 shares of the financial services provider’s stock valued at $22,444,000 after buying an additional 1,348,601 shares in the last quarter. Pacer Advisors Inc. grew its holdings in New York Community Bancorp by 79.2% during the fourth quarter. Pacer Advisors Inc. now owns 108,619 shares of the financial services provider’s stock worth $1,111,000 after acquiring an additional 47,996 shares during the period. Finally, State of Michigan Retirement System raised its position in New York Community Bancorp by 7.9% in the fourth quarter. State of Michigan Retirement System now owns 173,343 shares of the financial services provider’s stock worth $1,773,000 after acquiring an additional 12,700 shares in the last quarter. Hedge funds and other institutional investors own 67.88% of the company’s stock.

Insider Transactions at New York Community Bancorp

In other New York Community Bancorp news, Director Peter Schoels bought 100,000 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average cost of $4.15 per share, for a total transaction of $415,000.00. Following the completion of the purchase, the director now owns 147,438 shares of the company’s stock, valued at approximately $611,867.70. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Chairman Alessandro Dinello purchased 50,000 shares of the business’s stock in a transaction on Friday, February 9th. The shares were bought at an average price of $4.19 per share, with a total value of $209,500.00. Following the completion of the purchase, the chairman now directly owns 114,305 shares in the company, valued at approximately $478,937.95. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Peter Schoels acquired 100,000 shares of the stock in a transaction dated Friday, February 9th. The shares were bought at an average cost of $4.15 per share, with a total value of $415,000.00. Following the completion of the purchase, the director now directly owns 147,438 shares in the company, valued at $611,867.70. The disclosure for this purchase can be found here. Insiders have acquired 213,410 shares of company stock worth $875,626 over the last quarter. 1.62% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NYCB. Morgan Stanley lowered their price target on shares of New York Community Bancorp from $6.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 7th. Compass Point cut shares of New York Community Bancorp from a “buy” rating to a “neutral” rating and dropped their target price for the company from $16.00 to $8.00 in a report on Thursday, February 1st. Raymond James downgraded shares of New York Community Bancorp from a “market perform” rating to an “underperform” rating and set a $3.00 price target for the company. in a research report on Monday, March 18th. Wedbush lowered their price target on 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. Finally, Deutsche Bank Aktiengesellschaft cut New York Community Bancorp from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $15.00 to $7.00 in a report on Friday, February 2nd. Three research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $5.43.

New York Community Bancorp Trading Up 0.5 %

Shares of NYCB stock opened at $2.93 on Wednesday. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 0.88, a PEG ratio of 31.60 and a beta of 0.92. The company has a current ratio of 1.18, a quick ratio of 1.17 and a debt-to-equity ratio of 2.70. The firm has a 50-day moving average price of $3.77 and a 200 day moving average price of $7.68. New York Community Bancorp, Inc. has a twelve month low of $1.70 and a twelve month high of $14.22.

New York Community Bancorp (NYSE:NYCB) last posted 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 firm had revenue of $1.59 billion during 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 period in the prior year, the firm earned $0.25 EPS. Research analysts forecast that New York Community Bancorp, Inc. will post 0.01 earnings per share for the current fiscal year.

New York Community Bancorp Cuts Dividend

The firm also recently declared 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 dividend yield of 6.84%. The ex-dividend date of this dividend was Tuesday, February 13th. New York Community Bancorp’s dividend payout ratio is presently 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.