International Assets Investment Management LLC Boosts Holdings in New York Community Bancorp, Inc. (NYSE:NYCB)

International Assets Investment Management LLC raised its stake in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 71.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,918 shares of the financial services provider’s stock after purchasing an additional 33,594 shares during the period. International Assets Investment Management LLC’s holdings in New York Community Bancorp were worth $260,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Moody Lynn & Lieberson LLC raised its position in shares of New York Community Bancorp by 7.1% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 15,150 shares of the financial services provider’s stock valued at $155,000 after buying an additional 1,000 shares during the last quarter. HB Wealth Management LLC raised its position in shares of New York Community Bancorp by 7.2% in the fourth quarter. HB Wealth Management LLC now owns 20,299 shares of the financial services provider’s stock valued at $208,000 after buying an additional 1,371 shares during the last quarter. Treasurer of the State of North Carolina raised its position in shares of New York Community Bancorp by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 312,764 shares of the financial services provider’s stock valued at $3,547,000 after buying an additional 1,590 shares during the last quarter. Xponance Inc. raised its position in shares of New York Community Bancorp by 1.9% in the fourth quarter. Xponance Inc. now owns 88,491 shares of the financial services provider’s stock valued at $905,000 after buying an additional 1,651 shares during the last quarter. Finally, Resources Management Corp CT ADV raised its position in shares of New York Community Bancorp by 1.4% in the third quarter. Resources Management Corp CT ADV now owns 128,785 shares of the financial services provider’s stock valued at $1,460,000 after buying an additional 1,810 shares during the last quarter. 67.88% of the stock is currently owned by institutional investors and hedge funds.

New York Community Bancorp Trading Down 3.1 %

NYSE NYCB opened at $3.01 on Wednesday. The firm has a 50 day simple moving average of $3.26 and a 200-day simple moving average of $5.35. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.26 and a current ratio of 1.27. New York Community Bancorp, Inc. has a one year low of $1.70 and a one year high of $14.22. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 300.50 and a beta of 0.98.

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

New York Community Bancorp Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, June 7th were paid a $0.01 dividend. The ex-dividend date was Friday, June 7th. This represents a $0.04 dividend on an annualized basis and a yield of 1.33%. New York Community Bancorp’s dividend payout ratio is currently 400.00%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on NYCB shares. Morgan Stanley cut their price objective on shares of New York Community Bancorp from $6.00 to $4.00 and set an “equal weight” rating for the company in a research report on Thursday, March 7th. Citigroup cut their price objective on shares of New York Community Bancorp from $5.00 to $3.50 and set a “neutral” rating for the company in a research report on Thursday, March 7th. Wedbush upgraded shares of New York Community Bancorp from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $3.00 to $3.50 in a research report on Wednesday, May 1st. Barclays cut their price objective on shares of New York Community Bancorp from $5.00 to $4.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Raymond James cut shares of New York Community Bancorp from a “market perform” rating to an “underperform” rating and set a $3.00 price objective for the company. in a research report on Monday, March 18th. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $5.39.

About New York Community Bancorp

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.