Signaturefd LLC Cuts Position in New York Community Bancorp, Inc. (NYSE:NYCB)

Signaturefd LLC reduced its position in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 67.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,063 shares of the financial services provider’s stock after selling 104,858 shares during the period. Signaturefd LLC’s holdings in New York Community Bancorp were worth $573,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Vanguard Capital Wealth Advisors acquired a new position in shares of New York Community Bancorp in the first quarter valued at approximately $32,000. Mirador Capital Partners LP purchased a new stake in shares of New York Community Bancorp during the first quarter worth $358,000. SeaCrest Wealth Management LLC raised its stake in shares of New York Community Bancorp by 36.0% in the first quarter. SeaCrest Wealth Management LLC now owns 27,711 shares of the financial services provider’s stock valued at $89,000 after acquiring an additional 7,335 shares in the last quarter. Kovack Advisors Inc. boosted its holdings in New York Community Bancorp by 13.1% in the first quarter. Kovack Advisors Inc. now owns 57,553 shares of the financial services provider’s stock valued at $185,000 after purchasing an additional 6,681 shares during the period. Finally, First Trust Direct Indexing L.P. acquired a new position in New York Community Bancorp during the 1st quarter worth $47,000. 67.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on NYCB. JPMorgan Chase & Co. increased their price target on 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. Wedbush reiterated a “neutral” rating and set a $31.50 price target on shares of New York Community Bancorp in a report on Friday, July 26th. Citigroup increased their price objective on shares of New York Community Bancorp from $10.50 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday, July 3rd. Raymond James raised shares of New York Community Bancorp from an “underperform” rating to a “market perform” rating in a research report on Tuesday, September 17th. Finally, StockNews.com raised New York Community Bancorp to a “sell” rating in a report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $17.48.

New York Community Bancorp Stock Performance

Shares of NYCB opened at $11.50 on Friday. The company’s 50 day simple moving average is $11.12 and its 200-day simple moving average is $12.16. New York Community Bancorp, Inc. has a 12-month low of $5.10 and a 12-month high of $34.47. The firm has a market cap of $4.78 billion, a PE ratio of -4.17 and a beta of 1.00. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 3.66.

New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported ($3.15) EPS for the quarter, missing analysts’ consensus estimates of ($1.26) by ($1.89). New York Community Bancorp had a negative net margin of 10.78% and a negative return on equity of 4.49%. The business had revenue of $671.00 million during the quarter, compared to analyst estimates of $722.47 million. During the same quarter in the prior year, the firm posted $4.23 earnings per share. The company’s revenue for the quarter was down 44.2% compared to the same quarter last year. As a group, equities analysts predict that New York Community Bancorp, Inc. will post -2.41 EPS for the current year.

New York Community Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Saturday, September 7th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend was Friday, September 6th. New York Community Bancorp’s dividend payout ratio (DPR) is presently -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.