New York Community Bancorp, Inc. (NYSE:NYCB) Shares Bought by Lindbrook Capital LLC

Lindbrook Capital LLC lifted its holdings in New York Community Bancorp, Inc. (NYSE:NYCB) by 146.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,346 shares of the financial services provider’s stock after purchasing an additional 3,770 shares during the period. Lindbrook Capital LLC’s holdings in New York Community Bancorp were worth $65,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC increased its position in shares of New York Community Bancorp by 1,237.8% in the fourth quarter. International Assets Investment Management LLC now owns 484,124 shares of the financial services provider’s stock worth $47,324,000 after acquiring an additional 447,937 shares in the last quarter. Nordea Investment Management AB purchased a new position in shares of New York Community Bancorp in the fourth quarter worth approximately $1,755,000. AQR Capital Management LLC increased its position in shares of New York Community Bancorp by 212.7% in the third quarter. AQR Capital Management LLC now owns 1,982,700 shares of the financial services provider’s stock worth $22,444,000 after acquiring an additional 1,348,601 shares in the last quarter. Pacer Advisors Inc. grew its position in New York Community Bancorp by 79.2% during the fourth quarter. Pacer Advisors Inc. now owns 108,619 shares of the financial services provider’s stock valued at $1,111,000 after purchasing an additional 47,996 shares in the last quarter. Finally, State of Michigan Retirement System grew its position in New York Community Bancorp by 7.9% during the fourth quarter. State of Michigan Retirement System now owns 173,343 shares of the financial services provider’s stock valued at $1,773,000 after purchasing an additional 12,700 shares in the last quarter. 67.88% of the stock is owned by hedge funds and other institutional investors.

New York Community Bancorp Price Performance

Shares of New York Community Bancorp stock opened at $3.08 on Friday. The firm has a fifty day simple moving average of $3.55 and a 200-day simple moving average of $7.34. The company has a current ratio of 1.18, a quick ratio of 1.17 and a debt-to-equity ratio of 2.70. New York Community Bancorp, Inc. has a 1-year low of $1.70 and a 1-year high of $14.22. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 0.92 and a beta of 0.91.

New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings data on Wednesday, January 31st. The financial services provider reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.56). New York Community Bancorp had a return on equity of 6.22% and a net margin of 28.96%. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $935.90 million. During the same quarter in the previous year, the firm posted $0.25 earnings per share. On average, sell-side analysts expect that New York Community Bancorp, Inc. will post -0.08 earnings per share for the current year.

New York Community Bancorp Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 6.50%. The ex-dividend date was Tuesday, February 13th. New York Community Bancorp’s dividend payout ratio (DPR) is presently 6.01%.

Insider Buying and Selling at New York Community Bancorp

In other New York Community Bancorp news, Chairman Alessandro Dinello purchased 50,000 shares of the stock in a transaction on Friday, February 9th. The shares were purchased at an average price of $4.19 per share, with a total value of $209,500.00. Following the acquisition, the chairman now directly owns 114,305 shares of the company’s stock, valued at approximately $478,937.95. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other New York Community Bancorp news, Chairman Alessandro Dinello purchased 50,000 shares of the stock in a transaction on Friday, February 9th. The shares were purchased at an average price of $4.19 per share, with a total value of $209,500.00. Following the acquisition, the chairman now directly owns 114,305 shares of the company’s stock, valued at approximately $478,937.95. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Peter Schoels purchased 100,000 shares of the stock in a transaction on Friday, February 9th. The stock was acquired at an average cost of $4.15 per share, for a total transaction of $415,000.00. Following the acquisition, the director now directly owns 147,438 shares in the company, valued at $611,867.70. The disclosure for this purchase can be found here. Insiders have acquired 213,410 shares of company stock valued at $875,626 in the last 90 days. 1.62% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on NYCB shares. Compass Point downgraded shares of New York Community Bancorp from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $16.00 to $8.00 in a research report on Thursday, February 1st. Bank of America downgraded shares of New York Community Bancorp from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $8.50 to $5.00 in a research report on Wednesday, February 7th. Morgan Stanley lowered their price objective 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 report on Thursday, March 7th. Jefferies Financial Group downgraded shares of New York Community Bancorp from a “buy” rating to a “hold” rating and lowered their price objective for the company from $13.00 to $7.00 in a research report on Thursday, February 1st. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of New York Community Bancorp from a “buy” rating to a “hold” rating and lowered their price objective for the company from $15.00 to $7.00 in a research report on Friday, February 2nd. 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 MarketBeat, the company 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.