Bailard Inc. Invests $143,000 in New York Community Bancorp, Inc. (NYSE:NYCB)

Bailard Inc. bought a new position in shares of New York Community Bancorp, Inc. (NYSE:NYCB) during the fourth quarter, HoldingsChannel reports. The fund bought 14,000 shares of the financial services provider’s stock, valued at approximately $143,000.

Other institutional investors have also modified their holdings of the company. CWM LLC raised its stake in shares of New York Community Bancorp by 53.3% during the third quarter. CWM LLC now owns 11,924 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 4,146 shares during the last quarter. Commonwealth Equity Services LLC increased its position in New York Community Bancorp by 10.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 311,898 shares of the financial services provider’s stock worth $3,537,000 after purchasing an additional 29,426 shares during the period. Balboa Wealth Partners purchased a new position in shares of New York Community Bancorp during the 3rd quarter worth approximately $322,000. Mission Wealth Management LP purchased a new position in shares of New York Community Bancorp during the 3rd quarter worth approximately $227,000. Finally, FinTrust Capital Advisors LLC lifted its holdings in shares of New York Community Bancorp by 36.0% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 7,321 shares of the financial services provider’s stock valued at $83,000 after buying an additional 1,938 shares during the period. 67.88% of the stock is owned by institutional investors and hedge funds.

New York Community Bancorp Stock Down 6.1 %

NYCB stock opened at $2.79 on Tuesday. New York Community Bancorp, Inc. has a 1-year low of $1.70 and a 1-year high of $14.22. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 0.84 and a beta of 0.92. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.18 and a quick ratio of 1.17. The firm has a fifty day moving average price of $3.46 and a two-hundred day moving average price of $7.18.

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 company had revenue of $1.59 billion for 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 quarter in the prior year, the business earned $0.25 EPS. Research analysts predict that New York Community Bancorp, Inc. will post -0.08 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on NYCB shares. 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. Barclays initiated coverage on shares of New York Community Bancorp in a report on Friday, March 8th. They set an “equal weight” rating and a $4.00 price objective on the stock. Jefferies Financial Group cut shares of New York Community Bancorp from a “buy” rating to a “hold” rating and dropped their target price for the company from $13.00 to $7.00 in a report on Thursday, February 1st. Bank of America lowered New York Community Bancorp from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $8.50 to $5.00 in a research note on Wednesday, February 7th. Finally, Deutsche Bank Aktiengesellschaft cut New York Community Bancorp from a “buy” rating to a “hold” rating and lowered their price target for the stock from $15.00 to $7.00 in a report on Friday, February 2nd. Three analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. According to data from MarketBeat.com, New York Community Bancorp currently has an average rating of “Hold” and a consensus price target of $5.43.

Insider Activity

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

New York Community Bancorp 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.