New York Community Bancorp, Inc. (NYSE:NYCB) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lessened its position in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 69.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,841 shares of the financial services provider’s stock after selling 66,528 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in New York Community Bancorp were worth $295,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in New York Community Bancorp by 24.6% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 44,726 shares of the financial services provider’s stock valued at $458,000 after purchasing an additional 8,817 shares during the last quarter. International Assets Investment Management LLC raised its stake in New York Community Bancorp by 1,237.8% in the 4th quarter. International Assets Investment Management LLC now owns 484,124 shares of the financial services provider’s stock valued at $47,324,000 after purchasing an additional 447,937 shares during the last quarter. Nordea Investment Management AB purchased a new stake in New York Community Bancorp in the 4th quarter valued at about $1,755,000. AQR Capital Management LLC grew its holdings in New York Community Bancorp by 212.7% in the 3rd quarter. AQR Capital Management LLC now owns 1,982,700 shares of the financial services provider’s stock valued at $22,444,000 after buying an additional 1,348,601 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in New York Community Bancorp by 79.2% in the 4th quarter. Pacer Advisors Inc. now owns 108,619 shares of the financial services provider’s stock valued at $1,111,000 after buying an additional 47,996 shares during the period. Institutional investors and hedge funds own 67.88% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on NYCB. Citigroup lowered their price target on New York Community Bancorp from $5.00 to $3.50 and set a “neutral” rating for the company in a report on Thursday, March 7th. Piper Sandler upgraded New York Community Bancorp from a “neutral” rating to an “overweight” rating and set a $4.00 price target for the company in a report on Wednesday, May 1st. Raymond James cut New York Community Bancorp from a “market perform” rating to an “underperform” rating and set a $3.00 price target for the company. in a report on Monday, March 18th. StockNews.com upgraded New York Community Bancorp to a “sell” rating in a report on Monday, April 29th. Finally, Barclays lowered their price target on New York Community Bancorp from $5.00 to $4.00 and set an “equal weight” rating for the company in a report on Monday. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $5.39.

New York Community Bancorp Stock Up 2.7 %

NYSE NYCB opened at $3.07 on Thursday. The stock has a market cap of $2.52 billion, a PE ratio of 307.00 and a beta of 0.98. New York Community Bancorp, Inc. has a fifty-two week low of $1.70 and a fifty-two week high of $14.22. The business has a 50 day moving average price of $3.27 and a two-hundred day moving average price of $5.33. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 3.39.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings results on Wednesday, May 1st. The financial services provider reported ($0.25) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.01. The firm had revenue of $633.00 million during the quarter, compared to analysts’ expectations of $776.81 million. New York Community Bancorp had a return on equity of 2.91% and a net margin of 0.62%. New York Community Bancorp’s quarterly revenue was down 76.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 EPS. As a group, sell-side analysts predict that New York Community Bancorp, Inc. will post -0.49 EPS for the current fiscal year.

New York Community Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, June 7th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Friday, June 7th. New York Community Bancorp’s dividend payout ratio is presently 400.00%.

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.