Xponance Inc. Raises Holdings in New York Community Bancorp, Inc. (NYSE:NYCB)

Xponance Inc. grew its position in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 19.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 104,616 shares of the financial services provider’s stock after purchasing an additional 17,237 shares during the quarter. Xponance Inc.’s holdings in New York Community Bancorp were worth $337,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc boosted its stake in shares of New York Community Bancorp by 3,583.0% during the first quarter. Versant Capital Management Inc now owns 8,250 shares of the financial services provider’s stock worth $27,000 after buying an additional 8,026 shares during the period. AlphaMark Advisors LLC boosted its stake in shares of New York Community Bancorp by 26.0% during the second quarter. AlphaMark Advisors LLC now owns 8,734 shares of the financial services provider’s stock worth $28,000 after buying an additional 1,803 shares during the period. Hantz Financial Services Inc. acquired a new stake in shares of New York Community Bancorp during the second quarter worth about $28,000. Carmichael Hill & Associates Inc. boosted its stake in shares of New York Community Bancorp by 201.0% during the second quarter. Carmichael Hill & Associates Inc. now owns 9,029 shares of the financial services provider’s stock worth $29,000 after buying an additional 6,029 shares during the period. Finally, FinTrust Capital Advisors LLC boosted its stake 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 buying an additional 3,876 shares during the period. Hedge funds and other institutional investors own 67.88% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NYCB. Barclays upgraded shares of New York Community Bancorp from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $10.00 to $14.00 in a research note on Thursday, September 26th. StockNews.com upgraded shares of New York Community Bancorp to a “sell” rating in a research note on Friday, July 19th. Wedbush restated a “neutral” rating and issued a $31.50 price objective on shares of New York Community Bancorp in a research report on Friday, July 26th. Keefe, Bruyette & Woods raised their price objective on shares of New York Community Bancorp from $11.25 to $33.75 and gave the company a “market perform” rating in a research report on Monday, July 15th. Finally, 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. 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $9.70.

New York Community Bancorp Trading Down 4.0 %

Shares of NYCB opened at $10.78 on Wednesday. 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 50 day simple moving average of $12.86 and a 200-day simple moving average of $7.95. New York Community Bancorp, Inc. has a 1-year low of $5.10 and a 1-year high of $34.47. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 359.33 and a beta of 1.00.

New York Community Bancorp (NYSE:NYCB) last released its earnings results on Thursday, July 25th. The financial services provider reported ($3.15) EPS for the quarter, missing the consensus estimate of ($1.26) by ($1.89). The firm had revenue of $671.00 million during the quarter, compared to analysts’ expectations 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 firm’s revenue was down 44.2% on a year-over-year basis. During the same period in the previous year, the firm posted $4.23 earnings per share. Equities analysts forecast that New York Community Bancorp, Inc. will post -2.43 EPS for the current fiscal year.

New York Community Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.37%. New York Community Bancorp’s dividend payout ratio (DPR) is presently 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.