Sigma Planning Corp Sells 71,785 Shares of New York Community Bancorp, Inc. (NYSE:NYCB)

Sigma Planning Corp cut its stake in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 79.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,538 shares of the financial services provider’s stock after selling 71,785 shares during the period. Sigma Planning Corp’s holdings in New York Community Bancorp were worth $208,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of NYCB. AlphaMark Advisors LLC increased its holdings in New York Community Bancorp by 26.0% during the second quarter. AlphaMark Advisors LLC now owns 8,734 shares of the financial services provider’s stock valued at $28,000 after buying an additional 1,803 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in shares of New York Community Bancorp during the 2nd quarter valued at $28,000. Carmichael Hill & Associates Inc. increased its stake in shares of New York Community Bancorp by 201.0% in the 2nd quarter. Carmichael Hill & Associates Inc. now owns 9,029 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 6,029 shares in the last quarter. Allworth Financial LP bought a new position in New York Community Bancorp in the 3rd quarter worth $29,000. Finally, Nisa Investment Advisors LLC lifted its position in New York Community Bancorp by 4,665.0% during the second quarter. Nisa Investment Advisors LLC now owns 9,530 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 9,330 shares in the last quarter. 67.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on NYCB shares. 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. StockNews.com started coverage on New York Community Bancorp in a research note on Thursday. They issued a “sell” rating for the company. Barclays upgraded New York Community Bancorp from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $10.00 to $14.00 in a research report on Thursday, September 26th. Raymond James upgraded New York Community Bancorp from an “underperform” rating to a “market perform” rating in a research report on Tuesday, September 17th. Finally, JPMorgan Chase & Co. upped their price target on New York Community Bancorp from $11.50 to $12.50 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $17.48.

New York Community Bancorp Stock Down 8.3 %

Shares of NYSE:NYCB opened at $10.55 on Monday. The business’s 50 day moving average is $11.07 and its 200 day moving average is $12.22. The stock has a market cap of $4.38 billion, a P/E ratio of -2.42 and a beta of 1.00. New York Community Bancorp, Inc. has a 52-week low of $5.10 and a 52-week high of $34.47. The company has a quick ratio of 1.11, a current ratio of 1.14 and a debt-to-equity ratio of 2.52.

New York Community Bancorp (NYSE:NYCB) last announced its quarterly earnings results on Friday, October 25th. The financial services provider reported ($0.69) EPS for the quarter, missing the consensus estimate of ($0.40) by ($0.29). New York Community Bancorp had a negative net margin of 18.40% and a negative return on equity of 11.35%. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $621.72 million. During the same quarter in the prior year, the business posted $1.08 EPS. Sell-side analysts predict that New York Community Bancorp, Inc. will post -3 EPS for the current year.

New York Community Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Saturday, December 7th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.38%. New York Community Bancorp’s dividend payout ratio is presently -0.92%.

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.