New York Community Bancorp, Inc. (NYSE:NYCB) Stock Holdings Lowered by DekaBank Deutsche Girozentrale

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

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Orion Capital Management LLC acquired a new stake in shares of New York Community Bancorp in the third quarter valued at approximately $28,000. Loomis Sayles & Co. L P acquired a new stake in New York Community Bancorp in the 3rd quarter valued at approximately $29,000. Point72 Hong Kong Ltd bought a new stake in New York Community Bancorp during the 2nd quarter valued at $27,000. Point72 Asset Management L.P. acquired a new position in New York Community Bancorp during the 2nd quarter worth $35,000. Finally, Authentikos Wealth Advisory LLC acquired a new position in New York Community Bancorp during the 3rd quarter worth $35,000. 67.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on NYCB shares. TheStreet cut shares of New York Community Bancorp from a “b-” rating to a “c+” rating in a research note on Monday, February 5th. DA Davidson lowered shares of New York Community Bancorp from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $8.50 to $5.00 in a research note on Thursday, February 8th. StockNews.com upgraded New York Community Bancorp to a “sell” rating in a research report on Monday. Bank of America cut New York Community Bancorp from a “buy” rating to a “neutral” rating and lowered their price target for the company from $8.50 to $5.00 in a research report on Wednesday, February 7th. Finally, Citigroup cut their price objective on New York Community Bancorp from $5.00 to $3.50 and set a “neutral” rating for the company in a report on Thursday, March 7th. Three equities research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $5.43.

Insider Activity

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

New York Community Bancorp Trading Up 0.5 %

Shares of NYSE NYCB opened at $2.93 on Wednesday. The business has a fifty day simple moving average of $3.77 and a 200-day simple moving average of $7.68. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 0.88, a P/E/G ratio of 31.60 and a beta of 0.92. New York Community Bancorp, Inc. has a 12 month low of $1.70 and a 12 month high of $14.22. The company has a quick ratio of 1.17, a current ratio of 1.18 and a debt-to-equity ratio of 2.70.

New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings data on Wednesday, January 31st. The financial services provider reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.56). The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations 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 company posted $0.25 earnings per share. Sell-side analysts predict that New York Community Bancorp, Inc. will post 0.01 EPS for the current year.

New York Community Bancorp Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.20 annualized dividend and a dividend yield of 6.84%. New York Community Bancorp’s dividend payout ratio (DPR) is presently 6.01%.

About New York Community Bancorp

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.