12,880 Shares in New York Community Bancorp, Inc. (NYSE:NYCB) Acquired by Magnolia Capital Advisors LLC

Magnolia Capital Advisors LLC acquired a new stake in New York Community Bancorp, Inc. (NYSE:NYCB) during the second quarter, according to its most recent filing with the SEC. The firm acquired 12,880 shares of the financial services provider’s stock, valued at approximately $41,000.

A number of other hedge funds have also recently bought and sold shares of NYCB. Steward Partners Investment Advisory LLC boosted its position in New York Community Bancorp by 93.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 46,984 shares of the financial services provider’s stock valued at $481,000 after buying an additional 22,650 shares during the last quarter. Stifel Financial Corp boosted its position in New York Community Bancorp by 6.8% in the 4th quarter. Stifel Financial Corp now owns 2,051,809 shares of the financial services provider’s stock valued at $20,990,000 after buying an additional 129,889 shares during the last quarter. Allianz Asset Management GmbH boosted its position in New York Community Bancorp by 911.4% in the 4th quarter. Allianz Asset Management GmbH now owns 1,431,402 shares of the financial services provider’s stock valued at $14,643,000 after buying an additional 1,289,874 shares during the last quarter. Treasurer of the State of North Carolina boosted its position in New York Community Bancorp by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 315,844 shares of the financial services provider’s stock valued at $3,231,000 after buying an additional 3,080 shares during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new position in New York Community Bancorp in the 4th quarter valued at $123,000. 67.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NYCB. Keefe, Bruyette & Woods increased their price objective on New York Community Bancorp from $11.25 to $33.75 and gave the company a “market perform” rating in a research report on Monday, July 15th. Barclays raised New York Community Bancorp from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $10.00 to $14.00 in a research note on Thursday, September 26th. Raymond James raised New York Community Bancorp from an “underperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. Citigroup lifted their price objective on New York Community Bancorp from $3.50 to $4.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 3rd. Finally, Wedbush reaffirmed a “neutral” rating and set a $31.50 price objective on shares of New York Community Bancorp in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, New York Community Bancorp presently has a consensus rating of “Hold” and an average target price of $9.70.

New York Community Bancorp Stock Performance

NYCB stock opened at $11.23 on Tuesday. The business’s 50-day moving average price is $13.30 and its two-hundred day moving average price is $7.90. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 3.66. The firm has a market cap of $3.07 billion, a PE ratio of 374.33 and a beta of 1.00. New York Community Bancorp, Inc. has a 1-year low of $5.10 and a 1-year high of $34.47.

New York Community Bancorp (NYSE:NYCB) last posted its earnings results on Thursday, July 25th. The financial services provider reported ($3.15) earnings per share for the quarter, missing the consensus estimate of ($1.26) by ($1.89). The business had revenue of $671.00 million for the quarter, compared to the consensus estimate of $722.47 million. New York Community Bancorp had a negative return on equity of 4.49% and a negative net margin of 10.78%. The business’s revenue was down 44.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.23 earnings per share. As a group, research analysts forecast that New York Community Bancorp, Inc. will post -2.43 earnings per share for the current year.

New York Community Bancorp Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Saturday, September 7th were issued a $0.01 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.36%. New York Community Bancorp’s dividend payout ratio (DPR) is 133.33%.

New York Community Bancorp Profile

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.