SG Americas Securities LLC Has $702,000 Holdings in New York Community Bancorp, Inc. (NYSE:NYCB)

SG Americas Securities LLC decreased its position in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 96.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,547 shares of the financial services provider’s stock after selling 1,618,943 shares during the period. SG Americas Securities LLC’s holdings in New York Community Bancorp were worth $702,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its position in shares of New York Community Bancorp by 9.6% during the second quarter. Bank of New York Mellon Corp now owns 9,654,656 shares of the financial services provider’s stock worth $31,088,000 after purchasing an additional 844,785 shares in the last quarter. Kahn Brothers Group Inc. boosted its position in New York Community Bancorp by 0.9% in the 1st quarter. Kahn Brothers Group Inc. now owns 6,213,289 shares of the financial services provider’s stock valued at $20,007,000 after buying an additional 53,275 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of New York Community Bancorp by 995.2% in the 2nd quarter. Renaissance Technologies LLC now owns 4,116,786 shares of the financial services provider’s stock valued at $13,256,000 after buying an additional 3,740,900 shares during the period. Private Management Group Inc. lifted its position in shares of New York Community Bancorp by 69.4% during the 2nd quarter. Private Management Group Inc. now owns 3,216,505 shares of the financial services provider’s stock worth $10,357,000 after buying an additional 1,317,391 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of New York Community Bancorp by 353.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,830,195 shares of the financial services provider’s stock valued at $28,953,000 after acquiring an additional 2,206,140 shares in the last quarter. Institutional investors own 67.88% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Keefe, Bruyette & Woods boosted their price objective on New York Community Bancorp from $11.25 to $33.75 and gave the stock a “market perform” rating in a research report on Monday, July 15th. JPMorgan Chase & Co. raised their price objective on shares of New York Community Bancorp from $11.50 to $12.50 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. 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 set a $31.50 price target on shares of New York Community Bancorp in a research note on Friday, July 26th. Finally, Barclays upgraded 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 note on Thursday, September 26th. One equities 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $17.48.

New York Community Bancorp Trading Up 7.6 %

Shares of New York Community Bancorp stock opened at $11.78 on Monday. The company’s 50-day moving average price is $10.73 and its 200-day moving average price is $12.03. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 3.66. New York Community Bancorp, Inc. has a 12-month low of $5.10 and a 12-month high of $34.47. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 392.67 and a beta of 1.00.

New York Community Bancorp (NYSE:NYCB) last posted its earnings results on Thursday, July 25th. The financial services provider reported ($3.15) earnings per share (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 business’s revenue for the quarter was down 44.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.23 earnings per share. On average, equities analysts expect that New York Community Bancorp, Inc. will post -2.42 earnings per share for the current fiscal year.

New York Community Bancorp Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Saturday, September 7th were paid a $0.01 dividend. The ex-dividend date of this dividend 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 currently 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.