Oxford Asset Management LLP Takes Position in New York Community Bancorp, Inc. (NYSE:NYCB)

Oxford Asset Management LLP purchased a new position in shares of New York Community Bancorp, Inc. (NYSE:NYCBFree Report) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 26,280 shares of the financial services provider’s stock, valued at approximately $269,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Orion Capital Management LLC purchased a new position in shares of New York Community Bancorp during the 3rd quarter worth approximately $28,000. Loomis Sayles & Co. L P acquired a new position in New York Community Bancorp during the third quarter worth $29,000. Naples Money Management LLC purchased a new position in New York Community Bancorp in the fourth quarter worth $30,000. Authentikos Wealth Advisory LLC acquired a new stake in New York Community Bancorp in the third quarter valued at $35,000. Finally, Wetzel Investment Advisors Inc. purchased a new stake in shares of New York Community Bancorp during the 4th quarter worth $40,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

Insider Buying and Selling at New York Community Bancorp

In other news, Director Marshall Lux acquired 27,100 shares of New York Community Bancorp stock in a transaction dated Thursday, March 21st. The shares were acquired at an average cost of $3.69 per share, with a total value of $99,999.00. Following the purchase, the director now directly owns 64,872 shares of the company’s stock, valued at approximately $239,377.68. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.38% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently commented on NYCB. Royal Bank of Canada reduced their price objective on shares of New York Community Bancorp from $5.00 to $4.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 9th. Raymond James lowered New York Community Bancorp from a “market perform” rating to an “underperform” rating and set a $3.00 price target on the stock. in a research note on Monday, March 18th. JPMorgan Chase & Co. downgraded New York Community Bancorp from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $11.50 to $5.50 in a research note on Wednesday, February 7th. Compass Point cut New York Community Bancorp from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $16.00 to $8.00 in a report on Thursday, February 1st. Finally, Morgan Stanley lowered their target price on New York Community Bancorp from $6.00 to $4.00 and set an “equal weight” rating on the stock in a report on Thursday, March 7th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, New York Community Bancorp presently has a consensus rating of “Hold” and an average price target of $5.39.

Get Our Latest Report on NYCB

New York Community Bancorp Trading Up 2.2 %

Shares of NYSE NYCB traded up $0.07 on Friday, reaching $3.30. 5,281,064 shares of the company traded hands, compared to its average volume of 31,256,080. The stock has a market capitalization of $2.71 billion, a PE ratio of 330.00 and a beta of 0.95. New York Community Bancorp, Inc. has a fifty-two week low of $1.70 and a fifty-two week high of $14.22. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 3.39. The company has a 50 day moving average of $3.31 and a 200 day moving average of $6.40.

New York Community Bancorp (NYSE:NYCBGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The financial services provider reported ($0.25) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.01. The firm had revenue of $633.00 million during the quarter, compared to analyst estimates of $776.81 million. New York Community Bancorp had a net margin of 0.62% and a return on equity of 2.91%. New York Community Bancorp’s revenue for the quarter was down 76.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.23 earnings per share. On average, equities research analysts forecast that New York Community Bancorp, Inc. will post -0.49 earnings per share for the current fiscal year.

New York Community Bancorp Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, June 7th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Friday, June 7th. New York Community Bancorp’s dividend payout ratio (DPR) is presently 2,000.00%.

New York Community Bancorp Company Profile

(Free Report)

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.

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

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