Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Reduces Stock Position in New York Community Bancorp, Inc. (NYSE:NYCB)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lessened its holdings in shares of New York Community Bancorp, Inc. (NYSE:NYCBGet Rating) by 8.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,702 shares of the financial services provider’s stock after selling 3,827 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in New York Community Bancorp were worth $373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of NYCB. TFC Financial Management purchased a new position in shares of New York Community Bancorp during the 3rd quarter worth $26,000. Point72 Hong Kong Ltd purchased a new position in shares of New York Community Bancorp during the 2nd quarter worth $27,000. Hexagon Capital Partners LLC boosted its stake in shares of New York Community Bancorp by 106.6% during the 2nd quarter. Hexagon Capital Partners LLC now owns 3,099 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 1,599 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of New York Community Bancorp by 81.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 5,921 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 2,651 shares during the last quarter. Finally, Global Wealth Management Investment Advisory Inc. boosted its stake in shares of New York Community Bancorp by 58.3% during 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 acquiring an additional 1,750 shares during the last quarter. Hedge funds and other institutional investors own 63.17% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NYCB. Morgan Stanley started coverage on shares of New York Community Bancorp in a research note on Monday, December 5th. They set an “equal weight” rating and a $10.00 price target on the stock. StockNews.com downgraded shares of New York Community Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, January 10th. JPMorgan Chase & Co. decreased their price objective on shares of New York Community Bancorp from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 13th. Credit Suisse Group decreased their price objective on shares of New York Community Bancorp to $9.00 in a research report on Thursday, October 13th. Finally, DA Davidson started coverage on shares of New York Community Bancorp in a research report on Tuesday, December 20th. They set a “neutral” rating and a $10.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $9.85.

New York Community Bancorp Stock Performance

New York Community Bancorp stock opened at $9.68 on Monday. The company’s 50-day moving average price is $9.06 and its 200-day moving average price is $9.34. New York Community Bancorp, Inc. has a twelve month low of $8.17 and a twelve month high of $12.61. 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 company has a market cap of $4.51 billion, a PE ratio of 7.74, a price-to-earnings-growth ratio of 0.85 and a beta of 1.02.

New York Community Bancorp (NYSE:NYCBGet Rating) last posted 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). New York Community Bancorp had a return on equity of 10.10% and a net margin of 33.12%. The business had revenue of $343.00 million during the quarter, compared to the consensus estimate of $354.48 million. During the same quarter last year, the firm earned $0.31 earnings per share. The business’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities research analysts forecast that New York Community Bancorp, Inc. will post 1.25 EPS for the current fiscal year.

New York Community Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 17th. Stockholders of record on Monday, November 7th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, November 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.02%. New York Community Bancorp’s dividend payout ratio (DPR) is presently 54.40%.

Insider Transactions at New York Community Bancorp

In related news, Director Ronald A. Rosenfeld sold 138,199 shares of New York Community Bancorp stock in a transaction dated Monday, December 19th. The shares were 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 directly owns 12,320 shares of the company’s stock, valued at approximately $107,676.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Ronald A. Rosenfeld sold 138,199 shares of New York Community Bancorp stock in a transaction dated Monday, December 19th. The shares were 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 directly owns 12,320 shares of the company’s stock, valued at approximately $107,676.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Marshall Lux purchased 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 6th. The shares were purchased at an average cost of $8.53 per share, with a total value 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 disclosure for this purchase can be found here. Insiders own 1.58% of the company’s stock.

New York Community Bancorp Company 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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