Amalgamated Bank trimmed its stake in New York Community Bancorp, Inc. (NYSE:NYCB – Get Rating) by 3.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 319,243 shares of the financial services provider's stock after selling 11,670 shares during the quarter. Amalgamated Bank owned 0.07% of New York Community Bancorp worth $3,422,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the stock. Wedbush Securities Inc. boosted its holdings in 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 worth $248,000 after acquiring an additional 1,133 shares in the last quarter. Crawford Investment Counsel Inc. boosted its holdings in 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 in the last quarter. CWM LLC boosted its holdings in 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 in the last quarter. Titleist Asset Management LTD. boosted its holdings in 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 in the last quarter. Finally, Stratos Wealth Partners LTD. boosted its holdings in 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 in the last quarter. 62.84% of the stock is owned by institutional investors.
Get New York Community Bancorp alerts:Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on NYCB. Keefe, Bruyette & Woods downgraded New York Community Bancorp from an "outperform" rating to a "market perform" rating and set a $11.00 price target on the stock. in a report on Thursday, June 2nd. B. Riley lowered their price target on New York Community Bancorp from $11.00 to $10.00 in a report on Monday, July 11th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $10.00.
New York Community Bancorp Trading Down 3.6 %
Shares of NYSE:NYCB opened at $9.02 on Friday. The company has a market cap of $4.20 billion, a P/E ratio of 7.22, a PEG ratio of 0.73 and a beta of 1.00. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.25 and a quick ratio of 1.25. New York Community Bancorp, Inc. has a 1 year low of $8.50 and a 1 year high of $14.33. The stock's fifty day moving average price is $10.01 and its 200-day moving average price is $9.90.New York Community Bancorp (NYSE:NYCB – Get Rating) last posted its quarterly earnings data on Wednesday, July 27th. The financial services provider reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.03. The company had revenue of $377.00 million during the quarter, compared to analysts' expectations of $353.96 million. New York Community Bancorp had a return on equity of 10.00% and a net margin of 34.72%. New York Community Bancorp's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.33 earnings per share. Sell-side analysts expect that New York Community Bancorp, Inc. will post 1.3 earnings per share for the current year.
New York Community Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 18th. Investors 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 7.54%. The ex-dividend date was Friday, August 5th. New York Community Bancorp's dividend payout ratio (DPR) 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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