Sanctuary Advisors LLC Buys Shares of 22,944 New York Community Bancorp, Inc. (NYSE:NYCB)

Sanctuary Advisors LLC bought a new position in New York Community Bancorp, Inc. (NYSE:NYCB) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 22,944 shares of the financial services provider’s stock, valued at approximately $68,000.

Other hedge funds have also recently modified their holdings of the company. AlphaMark Advisors LLC lifted its holdings in shares of New York Community Bancorp by 26.0% during the 2nd quarter. AlphaMark Advisors LLC now owns 8,734 shares of the financial services provider’s stock valued at $28,000 after buying an additional 1,803 shares during the period. Hantz Financial Services Inc. bought a new position in New York Community Bancorp in the 2nd quarter worth $28,000. Carmichael Hill & Associates Inc. raised its stake 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 valued at $29,000 after purchasing an additional 6,029 shares during the period. FinTrust Capital Advisors LLC boosted 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 acquiring an additional 3,876 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in New York Community Bancorp by 4,665.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 9,530 shares of the financial services provider’s stock valued at $31,000 after buying an additional 9,330 shares in the last quarter. Hedge funds and other institutional investors own 67.88% of the company’s stock.

Wall Street Analyst Weigh In

NYCB has been the topic of several analyst reports. StockNews.com raised New York Community Bancorp to a “sell” rating in a research note on Friday, July 19th. Raymond James upgraded New York Community Bancorp from an “underperform” rating to a “market perform” rating in a research report on Tuesday, September 17th. Keefe, Bruyette & Woods upped their target price on 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. JPMorgan Chase & Co. raised their price target on New York Community Bancorp from $11.50 to $12.50 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Finally, Barclays raised New York Community Bancorp from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $10.00 to $14.00 in a research report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $17.48.

New York Community Bancorp Stock Performance

Shares of NYCB stock opened at $11.69 on Tuesday. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 389.67 and a beta of 1.00. 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 quick ratio of 1.17, a current ratio of 1.27 and a debt-to-equity ratio of 3.66. The company’s 50 day moving average is $11.04 and its 200 day moving average is $12.15.

New York Community Bancorp (NYSE:NYCB) last announced its quarterly earnings results 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 company had revenue of $671.00 million during the quarter, compared to analysts’ expectations 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 revenue was down 44.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.23 earnings per share. On average, sell-side analysts anticipate that New York Community Bancorp, Inc. will post -2.41 EPS for the current fiscal year.

New York Community Bancorp Cuts Dividend

The company also recently announced 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 yield of 0.34%. New York Community Bancorp’s dividend payout ratio is presently 133.33%.

New York Community Bancorp Company 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.