M Holdings Securities Inc. acquired a new position in shares of New York Community Bancorp, Inc. (NYSE:NYCB – Get Rating) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,050 shares of the financial services provider's stock, valued at approximately $204,000.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Wedbush Securities Inc. lifted its position in New York Community Bancorp by 5.2% during the first quarter. Wedbush Securities Inc. now owns 23,131 shares of the financial services provider's stock worth $248,000 after purchasing an additional 1,133 shares during the period. Crawford Investment Counsel Inc. lifted its holdings in shares of New York Community Bancorp by 0.3% in the first quarter. Crawford Investment Counsel Inc. now owns 383,335 shares of the financial services provider's stock worth $4,109,000 after acquiring an additional 1,180 shares during the last quarter. CWM LLC lifted its holdings 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 acquiring an additional 1,335 shares during the last quarter. Titleist Asset Management LTD. lifted its holdings 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 acquiring an additional 1,350 shares during the last quarter. Finally, Stratos Wealth Partners LTD. lifted its holdings in shares of New York Community Bancorp by 5.6% in the first quarter. Stratos Wealth Partners LTD. now owns 27,866 shares of the financial services provider's stock worth $299,000 after acquiring an additional 1,477 shares during the last quarter. Institutional investors own 62.84% of the company's stock.
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Analysts Set New Price Targets
A number of research analysts have recently commented on NYCB shares. B. Riley dropped their target price on shares of New York Community Bancorp from $11.00 to $10.00 in a report on Monday, July 11th. 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 for the company. in a report on Thursday, June 2nd. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat.com, New York Community Bancorp currently has an average rating of "Hold" and an average price target of $10.00.
New York Community Bancorp Stock Performance
New York Community Bancorp stock opened at $9.49 on Monday. The business has a 50 day moving average of $10.00 and a 200-day moving average of $9.94. New York Community Bancorp, Inc. has a 1 year low of $8.50 and a 1 year high of $14.33. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market capitalization of $4.42 billion, a P/E ratio of 7.59, a P/E/G ratio of 0.73 and a beta of 1.00.
New York Community Bancorp (NYSE:NYCB – Get Rating) last released its quarterly earnings data on Wednesday, July 27th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. The company had revenue of $377.00 million during the quarter, compared to the consensus estimate of $353.96 million. New York Community Bancorp had a return on equity of 10.00% and a net margin of 34.72%. The firm's revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 earnings per share. On average, equities research analysts predict that New York Community Bancorp, Inc. will post 1.3 earnings per share for the current year.
New York Community Bancorp Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, August 18th. Shareholders of record on Monday, August 8th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 7.17%. The ex-dividend date of this dividend was Friday, August 5th. New York Community Bancorp's dividend payout ratio is presently 54.40%.
New York Community Bancorp Company 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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