Point72 Asia Singapore Pte. Ltd. Makes New Investment in New York Community Bancorp, Inc. (NYSE:NYCB)

Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of New York Community Bancorp, Inc. (NYSE:NYCB) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 21,703 shares of the financial services provider’s stock, valued at approximately $70,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP boosted its holdings in New York Community Bancorp by 585.5% during the fourth quarter. Quarry LP now owns 4,031 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 3,443 shares during the last quarter. Vima LLC acquired a new position in shares of New York Community Bancorp during the 4th quarter worth about $65,000. 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 worth $27,000 after buying an additional 8,026 shares during the last quarter. Hantz Financial Services Inc. bought a new position in shares of New York Community Bancorp in the 2nd quarter valued at about $28,000. Finally, AlphaMark Advisors LLC increased its position in shares of 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 during the last quarter. Institutional investors and hedge funds own 67.88% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Raymond James raised New York Community Bancorp from an “underperform” rating to a “market perform” rating in a research report on Tuesday, September 17th. Wedbush reissued a “neutral” rating and issued a $31.50 price objective on shares of New York Community Bancorp in a report on Friday, July 26th. StockNews.com upgraded shares of New York Community Bancorp to a “sell” rating in a report on Friday, July 19th. Keefe, Bruyette & Woods increased 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 research note on Monday, July 15th. Finally, Citigroup lifted their price objective on shares of New York Community Bancorp from $10.50 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $17.77.

New York Community Bancorp Stock Performance

New York Community Bancorp stock opened at $10.90 on Friday. The business has a 50 day moving average of $11.07 and a 200-day moving average of $12.00. The company has a market capitalization of $2.98 billion, a P/E ratio of 363.33 and a beta of 1.00. New York Community Bancorp, Inc. has a 1 year low of $5.10 and a 1 year 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.

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

New York Community Bancorp Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Saturday, September 7th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date of this dividend was Friday, September 6th. New York Community Bancorp’s dividend payout ratio is 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.