SG Americas Securities LLC Sells 51,901 Shares of New York Community Bancorp, Inc. (NYSE:NYCB)

SG Americas Securities LLC trimmed its holdings in New York Community Bancorp, Inc. (NYSE:NYCBGet Rating) by 29.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 123,285 shares of the financial services provider’s stock after selling 51,901 shares during the quarter. SG Americas Securities LLC’s holdings in New York Community Bancorp were worth $1,052,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. TFC Financial Management bought a new position in New York Community Bancorp in the 3rd quarter worth approximately $26,000. Point72 Hong Kong Ltd bought a new position in New York Community Bancorp in the 2nd quarter worth approximately $27,000. Hexagon Capital Partners LLC boosted its stake in New York Community Bancorp by 106.6% in the 2nd quarter. Hexagon Capital Partners LLC now owns 3,099 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 1,599 shares during the period. Exchange Traded Concepts LLC boosted its stake in New York Community Bancorp by 81.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 5,921 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 2,651 shares during the period. Finally, Global Wealth Management Investment Advisory Inc. boosted its stake in New York Community Bancorp by 58.3% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 4,750 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 1,750 shares during the period. 63.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Piper Sandler lowered their target price on New York Community Bancorp from $14.00 to $11.00 and set an “overweight” rating for the company in a research report on Monday, December 5th. Stephens upgraded New York Community Bancorp from an “underweight” rating to an “equal weight” rating and set a $8.50 target price for the company in a research report on Friday, December 9th. Credit Suisse Group lowered their target price on New York Community Bancorp to $9.00 in a research report on Thursday, October 13th. StockNews.com downgraded New York Community Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, January 10th. Finally, DA Davidson began coverage on New York Community Bancorp in a research report on Tuesday, December 20th. They issued a “neutral” rating and a $10.00 price target for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $9.85.

New York Community Bancorp Stock Performance

NYCB stock opened at $9.50 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 2.21. The business’s fifty day simple moving average is $9.08 and its two-hundred day simple moving average is $9.34. New York Community Bancorp, Inc. has a twelve month low of $8.17 and a twelve month high of $13.15. The firm has a market cap of $4.43 billion, a price-to-earnings ratio of 7.60, a PEG ratio of 0.85 and a beta of 1.02.

New York Community Bancorp (NYSE:NYCBGet Rating) last released its earnings results on Wednesday, October 26th. The financial services provider reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The business had revenue of $343.00 million during the quarter, compared to analysts’ expectations of $354.48 million. New York Community Bancorp had a return on equity of 10.10% and a net margin of 33.12%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 EPS. Analysts predict that New York Community Bancorp, Inc. will post 1.25 earnings per share for the current year.

New York Community Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 17th. Stockholders of record on Monday, November 7th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, November 4th. This represents a $0.68 annualized dividend and a dividend yield of 7.16%. New York Community Bancorp’s dividend payout ratio is currently 54.40%.

Insider Activity

In other news, Director Marshall Lux purchased 6,000 shares of the business’s stock in a transaction dated Tuesday, December 6th. The shares were purchased at an average price of $8.53 per share, for a total transaction of $51,180.00. Following the completion of the purchase, the director now owns 12,000 shares in the company, valued at approximately $102,360. The purchase was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Marshall Lux bought 6,000 shares of the business’s stock in a transaction on Tuesday, December 6th. The shares were bought at an average price of $8.53 per share, for a total transaction of $51,180.00. Following the completion of the purchase, the director now directly owns 12,000 shares of the company’s stock, valued at $102,360. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ronald A. Rosenfeld sold 138,199 shares of the business’s stock in a transaction dated Monday, December 19th. The stock was sold at an average price of $8.74, for a total transaction of $1,207,859.26. Following the completion of the transaction, the director now owns 12,320 shares of the company’s stock, valued at $107,676.80. The disclosure for this sale can be found here. Insiders own 1.58% of the company’s stock.

New York Community Bancorp Profile

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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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Institutional Ownership by Quarter for New York Community Bancorp (NYSE:NYCB)

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