New York Community Bancorp, Inc. (NYSE:NYCB) Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers raised its holdings in New York Community Bancorp, Inc. (NYSE:NYCB) by 24.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 385,449 shares of the financial services provider’s stock after buying an additional 74,811 shares during the period. Cetera Investment Advisers owned about 0.11% of New York Community Bancorp worth $1,241,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of NYCB. Bank of New York Mellon Corp increased its stake in shares of New York Community Bancorp by 9.6% during the second quarter. Bank of New York Mellon Corp now owns 9,654,656 shares of the financial services provider’s stock worth $31,088,000 after acquiring an additional 844,785 shares during the period. Kahn Brothers Group Inc. increased its position in New York Community Bancorp by 0.9% during the 1st quarter. Kahn Brothers Group Inc. now owns 6,213,289 shares of the financial services provider’s stock worth $20,007,000 after purchasing an additional 53,275 shares during the period. Renaissance Technologies LLC raised its stake in shares of New York Community Bancorp by 995.2% during 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. Private Management Group Inc. raised its stake in shares of New York Community Bancorp by 69.4% during the 2nd quarter. Private Management Group Inc. now owns 3,216,505 shares of the financial services provider’s stock worth $10,357,000 after buying an additional 1,317,391 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of 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 valued at $28,953,000 after buying an additional 2,206,140 shares during the period. 67.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Raymond James upgraded shares of New York Community Bancorp from an “underperform” rating to a “market perform” rating in a report on Tuesday, September 17th. JPMorgan Chase & Co. increased their target price on shares of New York Community Bancorp from $11.50 to $12.50 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods boosted their price target on New York Community Bancorp from $11.25 to $33.75 and gave the stock a “market perform” rating in a research note on Monday, July 15th. Barclays raised New York Community Bancorp from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $10.00 to $14.00 in a research note on Thursday, September 26th. Finally, Citigroup boosted their target price on New York Community Bancorp from $10.50 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 3rd. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $17.48.

New York Community Bancorp Stock Performance

NYSE NYCB opened at $12.38 on Thursday. The company’s fifty day moving average is $10.88 and its two-hundred day moving average is $12.08. 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 current ratio of 1.27 and a quick ratio of 1.17. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 412.67 and a beta of 1.00.

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 (EPS) for the quarter, missing analysts’ consensus estimates of ($1.26) by ($1.89). The business had revenue of $671.00 million during the quarter, compared to analyst estimates 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 company’s quarterly revenue was down 44.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.23 EPS. Equities research analysts forecast that New York Community Bancorp, Inc. will post -2.42 EPS for the current year.

New York Community Bancorp Cuts Dividend

The business also recently disclosed 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 0.32%. The ex-dividend date of this dividend was Friday, September 6th. New York Community Bancorp’s dividend payout ratio is currently 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.