Marquette Asset Management LLC Trims Stake in New York Community Bancorp, Inc. (NYSE:NYCB)

Marquette Asset Management LLC lessened its stake in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 66.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 3,333 shares of the financial services provider’s stock after selling 6,667 shares during the period. Marquette Asset Management LLC’s holdings in New York Community Bancorp were worth $37,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Renaissance Technologies LLC increased its stake in New York Community Bancorp by 995.2% in the 2nd quarter. Renaissance Technologies LLC now owns 4,116,786 shares of the financial services provider’s stock worth $13,256,000 after buying an additional 3,740,900 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in New York Community Bancorp by 353.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,830,195 shares of the financial services provider’s stock worth $28,953,000 after purchasing an additional 2,206,140 shares during the period. Private Management Group Inc. grew its holdings in New York Community Bancorp by 1,639.1% during the 1st quarter. Private Management Group Inc. now owns 1,899,114 shares of the financial services provider’s stock valued at $6,115,000 after buying an additional 1,789,914 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in New York Community Bancorp during the 2nd quarter valued at approximately $5,401,000. Finally, SG Americas Securities LLC lifted its holdings in shares of New York Community Bancorp by 302.7% in the second quarter. SG Americas Securities LLC now owns 1,681,490 shares of the financial services provider’s stock worth $5,414,000 after buying an additional 1,263,905 shares in the last quarter. Hedge funds and other institutional investors own 67.88% of the company’s stock.

New York Community Bancorp Trading Up 0.4 %

Shares of NYSE:NYCB opened at $10.81 on Wednesday. The company has a market capitalization of $2.96 billion, a PE ratio of 360.33 and a beta of 1.00. The business has a 50 day moving average of $10.66 and a two-hundred day moving average of $12.02. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 3.66. New York Community Bancorp, Inc. has a 12-month low of $5.10 and a 12-month high of $34.47.

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

New York Community Bancorp Cuts Dividend

The company 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. 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 0.37%. New York Community Bancorp’s payout ratio is currently 133.33%.

Analysts Set New Price Targets

NYCB has been the topic of a number of research reports. Keefe, Bruyette & Woods lifted their price target on shares of New York Community Bancorp from $11.25 to $33.75 and gave the company a “market perform” rating in a report on Monday, July 15th. Raymond James raised New York Community Bancorp from an “underperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. StockNews.com raised New York Community Bancorp to a “sell” rating in a research note on Friday, July 19th. Barclays upgraded New York Community Bancorp from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $10.00 to $14.00 in a research report on Thursday, September 26th. Finally, Wedbush reiterated a “neutral” rating and set a $31.50 price objective on shares of New York Community Bancorp in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, New York Community Bancorp currently has a consensus rating of “Hold” and an average price target of $17.77.

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.