Secure Asset Management LLC Reduces Position in New York Community Bancorp, Inc. (NYSE:NYCB)

Secure Asset Management LLC decreased its position in New York Community Bancorp, Inc. (NYSE:NYCB) by 61.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,682 shares of the financial services provider’s stock after selling 19,988 shares during the period. Secure Asset Management LLC’s holdings in New York Community Bancorp were worth $142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its stake in shares of New York Community Bancorp by 353.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,830,195 shares of the financial services provider’s stock worth $28,953,000 after acquiring an additional 2,206,140 shares during the period. Alaska Permanent Fund Corp boosted its stake in shares of New York Community Bancorp by 67.7% in the first quarter. Alaska Permanent Fund Corp now owns 362,300 shares of the financial services provider’s stock worth $1,167,000 after acquiring an additional 146,290 shares during the last quarter. Fulton Bank N.A. acquired a new stake in New York Community Bancorp during the 1st quarter worth $111,000. International Assets Investment Management LLC raised its holdings in New York Community Bancorp by 71.0% in the 1st quarter. International Assets Investment Management LLC now owns 80,918 shares of the financial services provider’s stock valued at $260,000 after acquiring an additional 33,594 shares during the last quarter. Finally, Lloyd Advisory Services LLC. lifted its position in New York Community Bancorp by 602.4% during the first quarter. Lloyd Advisory Services LLC. now owns 77,910 shares of the financial services provider’s stock worth $251,000 after buying an additional 66,818 shares in the last quarter. Institutional investors and hedge funds own 67.88% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. StockNews.com raised shares of New York Community Bancorp to a “sell” rating in a research report on Friday, July 19th. Raymond James raised shares of New York Community Bancorp from an “underperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. Keefe, Bruyette & Woods upped their price target on New York Community Bancorp from $11.25 to $33.75 and gave the stock a “market perform” rating in a report on Monday, July 15th. JPMorgan Chase & Co. increased their price objective on shares of New York Community Bancorp from $11.50 to $12.50 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Finally, Wedbush reaffirmed a “neutral” rating and set a $31.50 price objective on shares of New York Community Bancorp in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $17.48.

New York Community Bancorp Stock Down 1.6 %

New York Community Bancorp stock opened at $12.18 on Friday. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.17 and a current ratio of 1.27. The company has a market capitalization of $5.06 billion, a P/E ratio of -4.41 and a beta of 1.00. The stock has a 50-day simple moving average of $10.99 and a 200-day simple moving average of $12.12. New York Community Bancorp, Inc. has a fifty-two week low of $5.10 and a fifty-two week high of $34.47.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings results on Thursday, July 25th. The financial services provider reported ($3.15) EPS for the quarter, missing the consensus estimate of ($1.26) by ($1.89). The company had revenue of $671.00 million for the quarter, compared to analysts’ expectations of $722.47 million. New York Community Bancorp had a negative return on equity of 4.49% and a negative net margin of 10.78%. New York Community Bancorp’s revenue for the quarter was down 44.2% compared to the same quarter last year. During the same quarter last year, the company earned $4.23 EPS. Equities research analysts expect that New York Community Bancorp, Inc. will post -2.41 earnings per share for the current year.

New York Community Bancorp Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Saturday, September 7th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.33%. The ex-dividend date was Friday, September 6th. New York Community Bancorp’s payout ratio is -1.45%.

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.