28,100 Shares in New York Community Bancorp, Inc. (NYSE:NYCB) Bought by Mackenzie Financial Corp

Mackenzie Financial Corp bought a new stake in New York Community Bancorp, Inc. (NYSE:NYCB) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 28,100 shares of the financial services provider’s stock, valued at approximately $287,000.

Other institutional investors have also recently bought and sold shares of the company. Orion Capital Management LLC bought a new stake in shares of New York Community Bancorp during the 3rd quarter valued at approximately $28,000. Loomis Sayles & Co. L P bought a new stake in shares of New York Community Bancorp during the third quarter worth $29,000. Authentikos Wealth Advisory LLC acquired a new position in shares of New York Community Bancorp during the third quarter worth $35,000. FinTrust Capital Advisors LLC increased its holdings in shares of New York Community Bancorp by 36.0% during the third quarter. FinTrust Capital Advisors LLC now owns 7,321 shares of the financial services provider’s stock worth $83,000 after buying an additional 1,938 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of New York Community Bancorp in the 3rd quarter valued at $89,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

Insider Buying and Selling

In other news, Director Marshall Lux purchased 27,100 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were acquired at an average price of $3.69 per share, for a total transaction of $99,999.00. Following the completion of the acquisition, the director now owns 64,872 shares in the company, valued at $239,377.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other New York Community Bancorp news, EVP Lee Matthew Smith bought 25,000 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average price of $4.05 per share, for a total transaction of $101,250.00. Following the acquisition, the executive vice president now directly owns 1,440,683 shares of the company’s stock, valued at approximately $5,834,766.15. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Marshall Lux purchased 27,100 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were bought at an average price of $3.69 per share, with a total value of $99,999.00. Following the purchase, the director now directly owns 64,872 shares in the company, valued at approximately $239,377.68. The disclosure for this purchase can be found here. In the last three months, insiders have bought 213,410 shares of company stock valued at $875,626. 1.62% of the stock is owned by company insiders.

New York Community Bancorp Price Performance

Shares of NYCB opened at $2.97 on Friday. The firm has a market cap of $2.37 billion, a PE ratio of 0.89 and a beta of 0.91. New York Community Bancorp, Inc. has a 52-week low of $1.70 and a 52-week high of $14.22. The business’s 50 day moving average price is $3.51 and its two-hundred day moving average price is $7.26. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.17 and a current ratio of 1.18.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings data on Wednesday, January 31st. The financial services provider reported ($0.27) earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.56). The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm earned $0.25 EPS. On average, equities analysts anticipate that New York Community Bancorp, Inc. will post -0.08 EPS for the current year.

New York Community Bancorp Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were paid 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 6.73%. New York Community Bancorp’s dividend payout ratio is presently 6.01%.

Analysts Set New Price Targets

NYCB has been the subject of a number of recent research reports. DA Davidson cut New York Community Bancorp from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $8.50 to $5.00 in a report on Thursday, February 8th. Jefferies Financial Group lowered shares of New York Community Bancorp from a “buy” rating to a “hold” rating and dropped their price objective for the company from $13.00 to $7.00 in a report on Thursday, February 1st. Deutsche Bank Aktiengesellschaft downgraded shares of New York Community Bancorp from a “buy” rating to a “hold” rating and cut their target price for the stock from $15.00 to $7.00 in a research report on Friday, February 2nd. Wedbush decreased their price target on shares of New York Community Bancorp from $3.50 to $3.00 and set an “underperform” rating for the company in a research report on Thursday, March 7th. Finally, Raymond James cut shares of New York Community Bancorp from a “market perform” rating to an “underperform” rating and set a $3.00 price objective on the stock. in a research note on Monday, March 18th. Three equities research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company’s stock. According to data from MarketBeat, New York Community Bancorp currently has a consensus rating of “Hold” and a consensus price target of $5.43.

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.