New York Community Bancorp, Inc. (NYSE:NYCB) Shares Acquired by Herold Advisors Inc.

Herold Advisors Inc. increased its stake in New York Community Bancorp, Inc. (NYSE:NYCB) by 16.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,065 shares of the financial services provider’s stock after purchasing an additional 6,079 shares during the quarter. Herold Advisors Inc.’s holdings in New York Community Bancorp were worth $441,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of NYCB. CWM LLC raised its position in New York Community Bancorp by 53.3% in the third quarter. CWM LLC now owns 11,924 shares of the financial services provider’s stock worth $135,000 after acquiring an additional 4,146 shares in the last quarter. SG Americas Securities LLC bought a new stake in New York Community Bancorp in the third quarter worth about $2,046,000. Avior Wealth Management LLC bought a new stake in New York Community Bancorp in the third quarter worth about $189,000. Meridian Wealth Management LLC raised its holdings in New York Community Bancorp by 88.2% during the 3rd quarter. Meridian Wealth Management LLC now owns 63,600 shares of the financial services provider’s stock worth $721,000 after buying an additional 29,800 shares during the period. Finally, Exchange Traded Concepts LLC acquired a new stake in New York Community Bancorp during the 3rd quarter worth about $1,641,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

New York Community Bancorp Stock Performance

New York Community Bancorp stock traded down $0.11 during trading hours on Friday, reaching $2.96. 19,381,793 shares of the company were exchanged, compared to its average volume of 34,170,973. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 0.89 and a beta of 0.91. 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 stock has a 50-day moving average of $3.51 and a 200 day moving average of $7.29. New York Community Bancorp, Inc. has a 12 month low of $1.70 and a 12 month high of $14.22.

New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings results on Wednesday, January 31st. The financial services provider reported ($0.27) EPS 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 business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $935.90 million. During the same quarter last year, the firm earned $0.25 earnings per share. As a group, research analysts anticipate 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. Stockholders of record on Wednesday, February 14th were issued a dividend of $0.05 per share. The ex-dividend date was Tuesday, February 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.76%. New York Community Bancorp’s dividend payout ratio (DPR) is presently 6.01%.

Analysts Set New Price Targets

Several research firms have issued reports on NYCB. Compass Point downgraded New York Community Bancorp from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $16.00 to $8.00 in a report on Thursday, February 1st. Citigroup dropped their target price on New York Community Bancorp from $5.00 to $3.50 and set a “neutral” rating on the stock in a report on Thursday, March 7th. TheStreet downgraded New York Community Bancorp from a “b-” rating to a “c+” rating in a report on Monday, February 5th. Wedbush dropped their target price on New York Community Bancorp from $3.50 to $3.00 and set an “underperform” rating on the stock in a report on Thursday, March 7th. Finally, Barclays began coverage on New York Community Bancorp in a report on Friday, March 8th. They issued an “equal weight” rating and a $4.00 target price on the stock. Three research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $5.43.

Insider Transactions at New York Community Bancorp

In other New York Community Bancorp news, Director Peter Schoels purchased 100,000 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was bought at an average cost of $4.15 per share, for a total transaction of $415,000.00. Following the completion of the acquisition, the director now directly owns 147,438 shares in the company, valued at $611,867.70. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Marshall Lux bought 27,100 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was acquired at an average cost of $3.69 per share, for a total transaction of $99,999.00. Following the completion of the purchase, the director now owns 64,872 shares of the company’s stock, valued at approximately $239,377.68. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Peter Schoels bought 100,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average price of $4.15 per share, with a total value of $415,000.00. Following the completion of the purchase, the director now directly owns 147,438 shares of the company’s stock, valued at approximately $611,867.70. The disclosure for this purchase can be found here. Insiders acquired a total of 213,410 shares of company stock worth $875,626 over the last three months. 1.62% of the stock is currently owned by insiders.

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.