Fortitude Advisory Group L.L.C. boosted its position in shares of New York Community Bancorp, Inc. (NYSE:NYCB – Get Rating) by 71.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,818 shares of the financial services provider's stock after acquiring an additional 1,591 shares during the period. Fortitude Advisory Group L.L.C.'s holdings in New York Community Bancorp were worth $41,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Rinkey Investments bought a new stake in shares of New York Community Bancorp in the 4th quarter valued at $26,000. Exchange Traded Concepts LLC bought a new position in shares of New York Community Bancorp in the 1st quarter valued at about $30,000. CWM LLC grew its holdings in shares of New York Community Bancorp by 57.1% in the 1st quarter. CWM LLC now owns 3,675 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 1,335 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in New York Community Bancorp in the 1st quarter valued at about $45,000. Finally, Retirement Group LLC lifted its stake in New York Community Bancorp by 2,177.5% in the 1st quarter. Retirement Group LLC now owns 4,555 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 4,355 shares during the last quarter. 62.84% of the stock is currently owned by institutional investors.
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Wall Street Analysts Forecast Growth
Several research analysts have recently commented on NYCB shares. Keefe, Bruyette & Woods cut shares of New York Community Bancorp from an "outperform" rating to a "market perform" rating and set a $11.00 target price on the stock. in a report on Thursday, June 2nd. B. Riley decreased their price objective on shares of New York Community Bancorp from $11.00 to $10.00 in a research note on Monday, July 11th. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $10.00.
New York Community Bancorp Stock Performance
NYSE NYCB opened at $9.60 on Friday. The firm's fifty day moving average price is $9.99 and its two-hundred day moving average price is $9.97. The stock has a market cap of $4.48 billion, a PE ratio of 7.68, a PEG ratio of 0.74 and a beta of 1.00. New York Community Bancorp, Inc. has a fifty-two week low of $8.50 and a fifty-two week high of $14.33. The company has a debt-to-equity ratio of 2.26, a quick ratio of 1.25 and a current ratio of 1.25.
New York Community Bancorp (NYSE:NYCB – Get Rating) last issued its quarterly earnings results on Wednesday, July 27th. The financial services provider reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.03. The company had revenue of $377.00 million for the quarter, compared to analyst estimates of $353.96 million. New York Community Bancorp had a net margin of 34.72% and a return on equity of 10.00%. New York Community Bancorp's revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.33 earnings per share. On average, equities analysts expect that New York Community Bancorp, Inc. will post 1.3 EPS for the current fiscal year.
New York Community Bancorp Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 18th. Stockholders of record on Monday, August 8th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, August 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.08%. New York Community Bancorp's dividend payout ratio (DPR) is presently 54.40%.
New York Community Bancorp Profile
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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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