Highlander Capital Management LLC Reduces Stake in New York Community Bancorp, Inc. (NYSE:NYCB)

Highlander Capital Management LLC trimmed its stake in New York Community Bancorp, Inc. (NYSE:NYCBGet Rating) by 92.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,412 shares of the financial services provider’s stock after selling 387,050 shares during the quarter. Highlander Capital Management LLC’s holdings in New York Community Bancorp were worth $337,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wedbush Securities Inc. raised its stake in shares of New York Community Bancorp by 5.2% in the first quarter. Wedbush Securities Inc. now owns 23,131 shares of the financial services provider’s stock valued at $248,000 after buying an additional 1,133 shares during the period. Moisand Fitzgerald Tamayo LLC increased its stake in shares of New York Community Bancorp by 120.4% in the fourth quarter. Moisand Fitzgerald Tamayo LLC now owns 2,204 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,204 shares in the last quarter. CWM LLC increased its stake in shares of New York Community Bancorp by 57.1% in the first quarter. CWM LLC now owns 3,675 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 1,335 shares in the last quarter. Titleist Asset Management LTD. increased its stake in shares of New York Community Bancorp by 4.4% in the first quarter. Titleist Asset Management LTD. now owns 32,190 shares of the financial services provider’s stock worth $345,000 after purchasing an additional 1,350 shares in the last quarter. Finally, Advisor Group Holdings Inc. increased its stake in shares of New York Community Bancorp by 1.0% in the fourth quarter. Advisor Group Holdings Inc. now owns 136,995 shares of the financial services provider’s stock worth $1,674,000 after purchasing an additional 1,372 shares in the last quarter. 61.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NYCB has been the subject of a number of analyst reports. B. Riley cut their price target on New York Community Bancorp from $11.00 to $10.00 in a report on Monday, July 11th. TheStreet cut shares of New York Community Bancorp from a “b” rating to a “c+” rating in a report on Thursday, May 5th. Stephens lowered New York Community Bancorp from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $12.00 to $9.00 in a report on Tuesday, May 3rd. Finally, Keefe, Bruyette & Woods lowered New York Community Bancorp from an “outperform” rating to a “market perform” rating and set a $11.00 price objective for the company. in a report on Thursday, June 2nd. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat.com, New York Community Bancorp has an average rating of “Hold” and a consensus target price of $10.00.

Insider Transactions at New York Community Bancorp

In related news, Director Ronald A. Rosenfeld acquired 35,000 shares of the company’s stock in a transaction dated Friday, June 10th. The stock was purchased at an average price of $13.72 per share, with a total value of $480,200.00. Following the completion of the purchase, the director now owns 30,000 shares in the company, valued at approximately $411,600. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.58% of the company’s stock.

New York Community Bancorp Stock Performance

Shares of NYSE NYCB opened at $10.19 on Friday. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 8.15, a P/E/G ratio of 0.79 and a beta of 1.00. The company has a current ratio of 1.25, a quick ratio of 1.30 and a debt-to-equity ratio of 2.26. New York Community Bancorp, Inc. has a 1-year low of $8.50 and a 1-year high of $14.33. The stock’s 50-day moving average is $9.47 and its 200 day moving average is $10.28.

New York Community Bancorp (NYSE:NYCBGet Rating) last announced its quarterly earnings data on Wednesday, July 27th. The financial services provider reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. New York Community Bancorp had a return on equity of 10.00% and a net margin of 34.72%. The company had revenue of $377.00 million for the quarter, compared to analysts’ expectations of $353.96 million. During the same period last year, the firm posted $0.33 EPS. New York Community Bancorp’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, sell-side analysts anticipate that New York Community Bancorp, Inc. will post 1.31 EPS for the current fiscal year.

New York Community Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 18th. Stockholders of record on Monday, August 8th will be paid a dividend of $0.17 per share. The ex-dividend date is Friday, August 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.67%. New York Community Bancorp’s dividend payout ratio (DPR) is currently 54.40%.

New York Community Bancorp Profile

(Get Rating)

New York Community Bancorp, Inc operates as the bank holding company for New York Community Bank that provides banking products and services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company accepts various deposit products, such as interest-bearing checking and money market, savings, non-interest-bearing, and individual retirement accounts, as well as certificates of deposit.

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Institutional Ownership by Quarter for New York Community Bancorp (NYSE:NYCB)

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