New York Community Bancorp, Inc. (NYSE:NYCB) Stock Position Decreased by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. cut its position in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 69.8% in the fourth quarter, Holdings Channel reports. The firm owned 28,841 shares of the financial services provider’s stock after selling 66,528 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in New York Community Bancorp were worth $295,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NYCB. Orion Capital Management LLC bought a new position in shares of New York Community Bancorp in the 3rd quarter valued at approximately $28,000. Naples Money Management LLC bought a new position in shares of New York Community Bancorp in the 4th quarter valued at approximately $30,000. Wetzel Investment Advisors Inc. bought a new position in shares of New York Community Bancorp in the 4th quarter valued at approximately $40,000. Quarry LP raised its stake in shares of New York Community Bancorp by 585.5% in the 4th quarter. Quarry LP now owns 4,031 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 3,443 shares in the last quarter. Finally, Lindbrook Capital LLC raised its stake in shares of New York Community Bancorp by 146.4% in the 4th quarter. Lindbrook Capital LLC now owns 6,346 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 3,770 shares in the last quarter. 67.88% of the stock is owned by hedge funds and other institutional investors.

New York Community Bancorp Price Performance

Shares of NYSE:NYCB opened at $3.07 on Thursday. New York Community Bancorp, Inc. has a 1-year low of $1.70 and a 1-year high of $14.22. The firm has a market capitalization of $2.52 billion, a PE ratio of 307.00 and a beta of 0.98. The business’s 50 day moving average is $3.27 and its 200-day moving average is $5.33. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 3.39.

New York Community Bancorp (NYSE:NYCB) last announced its quarterly earnings data on Wednesday, May 1st. The financial services provider reported ($0.25) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.01. The company had revenue of $633.00 million for the quarter, compared to analyst estimates 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 revenue for the quarter was down 76.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 EPS. Sell-side analysts predict that New York Community Bancorp, Inc. will post -0.49 earnings per share for the current year.

New York Community Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, June 7th were paid a $0.01 dividend. This represents a $0.04 annualized dividend 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 400.00%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NYCB. StockNews.com raised New York Community Bancorp to a “sell” rating in a research note on Monday, April 29th. Wedbush raised New York Community Bancorp from an “underperform” rating to a “neutral” rating and raised their target price for the company from $3.00 to $3.50 in a report on Wednesday, May 1st. Raymond James lowered New York Community Bancorp from a “market perform” rating to an “underperform” rating and set a $3.00 target price on the stock. in a report on Monday, March 18th. Morgan Stanley lowered their target price on New York Community Bancorp from $6.00 to $4.00 and set an “equal weight” rating on the stock in a report on Thursday, March 7th. Finally, Barclays lowered their target price on New York Community Bancorp from $5.00 to $4.00 and set an “equal weight” rating on the stock in a report on Monday. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $5.39.

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.