Koshinski Asset Management Inc. Grows Holdings in New York Community Bancorp, Inc. (NYSE:NYCB)

Koshinski Asset Management Inc. grew its holdings in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 68.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,000 shares of the financial services provider’s stock after buying an additional 7,339 shares during the quarter. Koshinski Asset Management Inc.’s holdings in New York Community Bancorp were worth $184,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in NYCB. Moody Lynn & Lieberson LLC lifted its stake in New York Community Bancorp by 7.1% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 15,150 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 1,000 shares during the last quarter. Kestra Private Wealth Services LLC lifted its stake in New York Community Bancorp by 5.0% during the third quarter. Kestra Private Wealth Services LLC now owns 23,282 shares of the financial services provider’s stock worth $264,000 after purchasing an additional 1,118 shares during the last quarter. Apollon Wealth Management LLC lifted its stake in New York Community Bancorp by 9.7% during the first quarter. Apollon Wealth Management LLC now owns 13,562 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 1,200 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in New York Community Bancorp by 3.5% during the third quarter. Avantax Advisory Services Inc. now owns 35,779 shares of the financial services provider’s stock worth $406,000 after purchasing an additional 1,204 shares during the last quarter. Finally, HB Wealth Management LLC lifted its stake in New York Community Bancorp by 7.2% during the fourth quarter. HB Wealth Management LLC now owns 20,299 shares of the financial services provider’s stock worth $208,000 after purchasing an additional 1,371 shares during the last quarter. 67.88% of the stock is currently owned by hedge funds and other institutional investors.

New York Community Bancorp Price Performance

Shares of NYCB opened at $2.93 on Wednesday. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 0.88, a price-to-earnings-growth ratio of 32.38 and a beta of 0.91. 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, Inc. has a one year low of $1.70 and a one year high of $14.22. The stock’s fifty day moving average is $3.77 and its 200-day moving average is $7.68.

New York Community Bancorp (NYSE:NYCB) last released its 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 firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $935.90 million. New York Community Bancorp had a return on equity of 6.22% and a net margin of 28.96%. During the same period in the previous year, the firm earned $0.25 earnings per share.

New York Community Bancorp Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 6.84%. The ex-dividend date of this dividend was Tuesday, February 13th. New York Community Bancorp’s payout ratio is currently 6.01%.

Insider Buying and Selling

In other news, CEO Thomas R. Cangemi bought 11,310 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were purchased at an average cost of $4.41 per share, with a total value of $49,877.10. Following the completion of the acquisition, the chief executive officer now directly owns 69,704 shares in the company, valued at $307,394.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Thomas R. Cangemi purchased 11,310 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average price of $4.41 per share, for a total transaction of $49,877.10. Following the transaction, the chief executive officer now directly owns 69,704 shares of the company’s stock, valued at approximately $307,394.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Marshall Lux purchased 27,100 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was bought at an average price 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 $239,377.68. The disclosure for this purchase can be found here. Insiders have bought a total of 213,410 shares of company stock valued at $875,626 over the last three months. Company insiders own 1.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on NYCB shares. StockNews.com upgraded New York Community Bancorp to a “sell” rating in a research note on Monday. Jefferies Financial Group lowered New York Community Bancorp from a “buy” rating to a “hold” rating and dropped their target price for the stock from $13.00 to $7.00 in a research report on Thursday, February 1st. Barclays began coverage on New York Community Bancorp in a research report on Friday, March 8th. They issued an “equal weight” rating and a $4.00 target price on the stock. Raymond James lowered New York Community Bancorp from a “market perform” rating to an “underperform” rating and set a $3.00 target price on the stock. in a research report on Monday, March 18th. Finally, Citigroup dropped their target price on New York Community Bancorp from $5.00 to $3.50 and set a “neutral” rating on the stock in a research report on Thursday, March 7th. Three analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $5.43.

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.