New York Community Bancorp, Inc. (NYSE:NYCB) Stock Position Increased by Cwm LLC

Cwm LLC increased its position in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 53.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,323 shares of the financial services provider’s stock after acquiring an additional 6,399 shares during the period. Cwm LLC’s holdings in New York Community Bancorp were worth $187,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NYCB. Lindbrook Capital LLC grew its stake in shares of New York Community Bancorp by 146.4% in the 4th quarter. Lindbrook Capital LLC now owns 6,346 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 3,770 shares during the last quarter. Onyx Bridge Wealth Group LLC grew its position in New York Community Bancorp by 3.6% in the fourth quarter. Onyx Bridge Wealth Group LLC now owns 81,898 shares of the financial services provider’s stock worth $838,000 after buying an additional 2,826 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new position in shares of New York Community Bancorp in the fourth quarter valued at $40,000. Naples Money Management LLC acquired a new stake in shares of New York Community Bancorp during the 4th quarter valued at $30,000. Finally, Xponance Inc. boosted its stake in shares of New York Community Bancorp by 1.9% during the 4th quarter. Xponance Inc. now owns 88,491 shares of the financial services provider’s stock worth $905,000 after acquiring an additional 1,651 shares in the last quarter. 67.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NYCB shares. Piper Sandler raised New York Community Bancorp from a “neutral” rating to an “overweight” rating and set a $4.00 target price on the stock in a research report on Wednesday. StockNews.com raised shares of New York Community Bancorp to a “sell” rating in a research note on Monday, April 29th. JPMorgan Chase & Co. downgraded shares of New York Community Bancorp from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $11.50 to $5.50 in a research report on Wednesday, February 7th. Wedbush upgraded New York Community Bancorp from an “underperform” rating to a “neutral” rating and increased their target price for the company from $3.00 to $3.50 in a report on Wednesday. Finally, Royal Bank of Canada lowered their price target on New York Community Bancorp from $5.00 to $4.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 9th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $5.39.

Insider Activity at New York Community Bancorp

In other news, CEO Thomas R. Cangemi purchased 11,310 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was bought at an average cost of $4.41 per share, for a total transaction of $49,877.10. Following the completion of the acquisition, the chief executive officer now directly owns 69,704 shares of the company’s stock, valued at $307,394.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other New York Community Bancorp news, Director Marshall Lux purchased 27,100 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were bought at an average cost of $3.69 per share, with a total value of $99,999.00. Following the transaction, the director now directly owns 64,872 shares in the company, valued at approximately $239,377.68. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Thomas R. Cangemi acquired 11,310 shares of New York Community Bancorp stock in a transaction dated Friday, February 9th. The stock was acquired at an average cost of $4.41 per share, with a total value of $49,877.10. Following the completion of the transaction, the chief executive officer now directly owns 69,704 shares of the company’s stock, valued at approximately $307,394.64. The disclosure for this purchase can be found here. In the last three months, insiders have bought 213,410 shares of company stock worth $875,626. 1.62% of the stock is owned by insiders.

New York Community Bancorp Trading Up 4.7 %

New York Community Bancorp stock opened at $3.53 on Friday. New York Community Bancorp, Inc. has a one year low of $1.70 and a one year high of $14.22. The company’s fifty day moving average price is $3.36 and its two-hundred day moving average price is $6.99. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 353.00 and a beta of 0.95. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.18 and a quick ratio of 1.17.

New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings data on Wednesday, May 1st. The financial services provider reported ($0.25) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.01. The business had revenue of $633.00 million for the quarter, compared to the consensus estimate of $776.81 million. New York Community Bancorp had a return on equity of 2.78% and a net margin of 0.62%. The firm’s revenue was down 76.1% compared to the same quarter last year. During the same period last year, the business earned $0.23 EPS. On average, analysts forecast that New York Community Bancorp, Inc. will post -0.11 earnings per share for the current fiscal year.

New York Community Bancorp Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, June 7th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Thursday, June 6th. New York Community Bancorp’s dividend payout ratio is currently 2,000.00%.

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.