Ensign Peak Advisors Inc Reduces Position in New York Community Bancorp, Inc. (NYSE:NYCB)

Ensign Peak Advisors Inc lowered its holdings in New York Community Bancorp, Inc. (NYSE:NYCB) by 26.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 244,167 shares of the financial services provider’s stock after selling 86,625 shares during the period. Ensign Peak Advisors Inc owned about 0.09% of New York Community Bancorp worth $786,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of NYCB. Versant Capital Management Inc boosted its stake in shares of New York Community Bancorp by 3,583.0% during the 1st quarter. Versant Capital Management Inc now owns 8,250 shares of the financial services provider’s stock valued at $27,000 after buying an additional 8,026 shares during the last quarter. AlphaMark Advisors LLC raised its holdings in New York Community Bancorp by 26.0% in the second quarter. AlphaMark Advisors LLC now owns 8,734 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 1,803 shares in the last quarter. Hantz Financial Services Inc. bought a new position in New York Community Bancorp during the 2nd quarter valued at $28,000. Carmichael Hill & Associates Inc. grew its holdings in New York Community Bancorp by 201.0% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 9,029 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 6,029 shares in the last quarter. Finally, FinTrust Capital Advisors LLC lifted its position in shares of New York Community Bancorp by 66.9% during the first quarter. FinTrust Capital Advisors LLC now owns 9,673 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 3,876 shares during the last quarter. Institutional investors and hedge funds own 67.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Barclays upgraded New York Community Bancorp from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $10.00 to $14.00 in a report on Thursday. Wedbush reiterated a “neutral” rating and set a $31.50 target price on shares of New York Community Bancorp in a research note on Friday, July 26th. Raymond James upgraded shares of New York Community Bancorp from an “underperform” rating to a “market perform” rating in a research report on Tuesday, September 17th. StockNews.com raised shares of New York Community Bancorp to a “sell” rating in a research report on Friday, July 19th. Finally, Citigroup raised their target price on shares of New York Community Bancorp from $3.50 to $4.00 and gave the stock a “neutral” rating in a report on Wednesday, July 3rd. 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 company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $9.70.

New York Community Bancorp Stock Performance

NYCB stock opened at $11.46 on Friday. The company has a market capitalization of $4.27 billion, a P/E ratio of 382.00 and a beta of 1.00. The company has a quick ratio of 1.17, a current ratio of 1.27 and a debt-to-equity ratio of 3.66. The company has a 50-day simple moving average of $13.30 and a 200 day simple moving average of $7.84. New York Community Bancorp, Inc. has a fifty-two week low of $5.10 and a fifty-two week high of $34.50.

New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported ($3.15) EPS for the quarter, missing analysts’ consensus estimates of ($1.26) by ($1.89). The company had revenue of $671.00 million for 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%. New York Community Bancorp’s revenue was down 44.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.23 EPS. Sell-side analysts predict that New York Community Bancorp, Inc. will post -2.43 earnings per share for the current fiscal year.

New York Community Bancorp Cuts Dividend

The company also recently disclosed 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 was Friday, September 6th. This represents a $0.04 annualized dividend and a dividend yield of 0.35%. New York Community Bancorp’s dividend payout ratio (DPR) is 133.33%.

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.