Kingswood Wealth Advisors LLC Invests $463,000 in New York Community Bancorp, Inc. (NYSE:NYCB)

Kingswood Wealth Advisors LLC purchased a new position in shares of New York Community Bancorp, Inc. (NYSE:NYCB) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 45,213 shares of the financial services provider’s stock, valued at approximately $463,000.

Other institutional investors have also modified their holdings of the company. Point72 Hong Kong Ltd purchased a new stake in New York Community Bancorp in the 2nd quarter valued at about $27,000. Orion Capital Management LLC purchased a new stake in New York Community Bancorp in the 3rd quarter valued at about $28,000. Loomis Sayles & Co. L P purchased a new stake in New York Community Bancorp in the 3rd quarter valued at about $29,000. Lazard Asset Management LLC purchased a new stake in New York Community Bancorp in the 4th quarter valued at about $29,000. Finally, Authentikos Wealth Advisory LLC purchased a new stake in New York Community Bancorp in the 3rd quarter valued at about $35,000. Hedge funds and other institutional investors own 67.88% of the company’s stock.

New York Community Bancorp Stock Performance

Shares of NYCB opened at $3.34 on Thursday. The stock has a 50 day moving average price of $5.30 and a 200 day moving average price of $8.53. The company has a quick ratio of 1.17, a current ratio of 1.18 and a debt-to-equity ratio of 2.70. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 1.00, a price-to-earnings-growth ratio of 2.20 and a beta of 0.95. New York Community Bancorp, Inc. has a 52-week low of $1.70 and a 52-week high of $14.22.

New York Community Bancorp (NYSE:NYCB) last announced its quarterly earnings results on Wednesday, January 31st. The financial services provider reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.56). The business had revenue of $1.59 billion during 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 period last year, the company earned $0.25 earnings per share. Research analysts predict that New York Community Bancorp, Inc. will post 0.15 EPS for the current fiscal year.

New York Community Bancorp Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 5.99%. The ex-dividend date of this dividend was Tuesday, February 13th. New York Community Bancorp’s dividend payout ratio (DPR) is 6.01%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft downgraded New York Community Bancorp from a “buy” rating to a “hold” rating and dropped their target price for the company from $15.00 to $7.00 in a research report on Friday, February 2nd. UBS Group downgraded New York Community Bancorp from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Compass Point downgraded New York Community Bancorp from a “buy” rating to a “neutral” rating and dropped their target price for the company from $16.00 to $8.00 in a research report on Thursday, February 1st. JPMorgan Chase & Co. downgraded New York Community Bancorp from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $11.50 to $5.50 in a research report on Wednesday, February 7th. Finally, Keefe, Bruyette & Woods downgraded New York Community Bancorp from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $14.00 to $12.00 in a research report on Monday, December 18th. Three investment 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.com, New York Community Bancorp presently has a consensus rating of “Hold” and a consensus price target of $5.64.

Insider Activity at New York Community Bancorp

In other news, Director Peter Schoels acquired 100,000 shares of New York Community Bancorp stock in a transaction on Friday, February 9th. The stock was bought at an average price of $4.15 per share, for a total transaction of $415,000.00. Following the completion of the purchase, the director now owns 147,438 shares in the company, valued at $611,867.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Peter Schoels acquired 100,000 shares of New York Community Bancorp stock in a transaction on Friday, February 9th. The stock was bought at an average price of $4.15 per share, for a total transaction of $415,000.00. Following the completion of the purchase, the director now owns 147,438 shares in the company, valued at $611,867.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Marshall Lux acquired 27,100 shares of New York Community Bancorp stock in a transaction on Thursday, March 21st. The stock was purchased at an average price of $3.69 per share, with a total value of $99,999.00. Following the purchase, the director now owns 64,872 shares of the company’s stock, valued at approximately $239,377.68. The disclosure for this purchase can be found here. Insiders acquired 213,410 shares of company stock valued at $875,626 over the last three months. 1.62% of the stock is owned by corporate insiders.

New York Community Bancorp Company 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.