New York State Teachers Retirement System Has $5.98 Million Stake in New York Community Bancorp, Inc. (NYSE:NYCB)

New York State Teachers Retirement System lifted its holdings in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 584,132 shares of the financial services provider’s stock after buying an additional 15,511 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of New York Community Bancorp worth $5,976,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NYCB. Point72 Hong Kong Ltd acquired a new stake in shares of New York Community Bancorp during the 2nd quarter worth approximately $27,000. Orion Capital Management LLC acquired a new stake in shares of New York Community Bancorp during the 3rd quarter worth approximately $28,000. Loomis Sayles & Co. L P acquired a new stake in shares of New York Community Bancorp during the 3rd quarter worth approximately $29,000. Lazard Asset Management LLC acquired a new stake in shares of New York Community Bancorp during the 4th quarter worth approximately $29,000. Finally, Authentikos Wealth Advisory LLC acquired a new position in New York Community Bancorp during the third quarter valued at approximately $35,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

New York Community Bancorp Stock Performance

NYSE NYCB opened at $2.85 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.17 and a debt-to-equity ratio of 2.70. The firm’s fifty day moving average price is $3.85 and its two-hundred day moving average price is $7.85. 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 capitalization of $2.27 billion, a P/E ratio of 0.85 and a beta of 0.91.

New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings results on Wednesday, January 31st. The financial services provider reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $935.90 million. During the same period last year, the company posted $0.25 earnings per share.

New York Community Bancorp Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.20 annualized dividend and a dividend yield of 7.03%. New York Community Bancorp’s dividend payout ratio is currently 6.01%.

Insider Buying and Selling at New York Community Bancorp

In related news, EVP Lee Matthew Smith acquired 25,000 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were purchased at an average cost of $4.05 per share, for a total transaction of $101,250.00. Following the completion of the acquisition, the executive vice president now directly owns 1,440,683 shares in the company, valued at $5,834,766.15. The purchase was disclosed in a filing with the SEC, which is available at this link. In related news, EVP Lee Matthew Smith acquired 25,000 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were purchased at an average cost of $4.05 per share, for a total transaction of $101,250.00. Following the completion of the acquisition, the executive vice president now directly owns 1,440,683 shares in the company, valued at $5,834,766.15. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CEO Thomas R. Cangemi acquired 11,310 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was bought at an average price of $4.41 per share, for a total transaction of $49,877.10. Following the completion of the acquisition, the chief executive officer now owns 69,704 shares of the company’s stock, valued at $307,394.64. The disclosure for this purchase can be found here. Insiders have purchased a total of 213,410 shares of company stock worth $875,626 over the last ninety days. Insiders own 1.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NYCB. Citigroup decreased their price objective on shares of New York Community Bancorp from $5.00 to $3.50 and set a “neutral” rating for the company in a report on Thursday, March 7th. UBS Group cut shares of New York Community Bancorp from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Barclays began 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 for the company. DA Davidson cut shares of New York Community Bancorp from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $8.50 to $5.00 in a report on Thursday, February 8th. Finally, Wedbush decreased their price objective on shares of New York Community Bancorp from $3.50 to $3.00 and set an “underperform” rating for the company in a report on Thursday, March 7th. Three analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.