Mirador Capital Partners LP Has $496,000 Position in New York Community Bancorp, Inc. (NYSE:NYCB)

Mirador Capital Partners LP cut its holdings in New York Community Bancorp, Inc. (NYSE:NYCB) by 64.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 44,172 shares of the financial services provider’s stock after selling 80,549 shares during the period. Mirador Capital Partners LP’s holdings in New York Community Bancorp were worth $496,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Moody National Bank Trust Division lifted its stake in shares of New York Community Bancorp by 49.6% in the first quarter. Moody National Bank Trust Division now owns 32,481 shares of the financial services provider’s stock valued at $105,000 after buying an additional 10,770 shares during the period. Virtu Financial LLC lifted its position in shares of New York Community Bancorp by 24.6% in the 4th quarter. Virtu Financial LLC now owns 70,945 shares of the financial services provider’s stock worth $726,000 after acquiring an additional 14,011 shares during the period. Fulton Bank N.A. acquired a new stake in shares of New York Community Bancorp during the 1st quarter worth approximately $111,000. Intech Investment Management LLC acquired a new position in shares of New York Community Bancorp in the second quarter valued at $575,000. Finally, Algert Global LLC lifted its position in New York Community Bancorp by 144.5% in the second quarter. Algert Global LLC now owns 461,902 shares of the financial services provider’s stock worth $1,487,000 after purchasing an additional 273,002 shares during the period. Institutional investors and hedge funds own 67.88% of the company’s stock.

New York Community Bancorp Stock Up 0.2 %

Shares of NYCB opened at $10.90 on Friday. The business’s fifty day moving average price is $11.07 and its two-hundred day moving average price is $12.01. The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of 363.33 and a beta of 1.00. New York Community Bancorp, Inc. has a 52 week low of $5.10 and a 52 week high of $34.47. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.17 and a current ratio of 1.27.

New York Community Bancorp (NYSE:NYCB) last announced its quarterly earnings data 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 firm 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 for the quarter was down 44.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.23 earnings per share. On average, analysts predict that New York Community Bancorp, Inc. will post -2.43 earnings per share for the current year.

New York Community Bancorp Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Saturday, September 7th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date was Friday, September 6th. New York Community Bancorp’s dividend payout ratio is presently 133.33%.

Analyst Upgrades and Downgrades

NYCB has been the topic of several analyst reports. StockNews.com raised shares of New York Community Bancorp to a “sell” rating in a report on Friday, July 19th. Citigroup upped their target price on shares of New York Community Bancorp from $10.50 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday, July 3rd. Wedbush restated a “neutral” rating and set a $31.50 price target on shares of New York Community Bancorp in a research note on Friday, July 26th. Barclays upgraded New York Community Bancorp from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $10.00 to $14.00 in a research note on Thursday, September 26th. Finally, Raymond James upgraded New York Community Bancorp from an “underperform” rating to a “market perform” rating in a research report on Tuesday, September 17th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $17.77.

New York Community Bancorp Company 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.