Mutual of America Capital Management LLC Sells 23,178 Shares of New York Community Bancorp, Inc. (NYSE:NYCB)

Mutual of America Capital Management LLC decreased its holdings in New York Community Bancorp, Inc. (NYSE:NYCB) by 4.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 445,768 shares of the financial services provider’s stock after selling 23,178 shares during the period. Mutual of America Capital Management LLC owned about 0.06% of New York Community Bancorp worth $4,560,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of NYCB. JPMorgan Chase & Co. raised its stake in New York Community Bancorp by 6.2% in the first quarter. JPMorgan Chase & Co. now owns 1,081,423 shares of the financial services provider’s stock worth $11,593,000 after buying an additional 63,418 shares in the last quarter. American Century Companies Inc. increased its position in shares of New York Community Bancorp by 95.1% during the first quarter. American Century Companies Inc. now owns 146,581 shares of the financial services provider’s stock worth $1,571,000 after purchasing an additional 71,460 shares in the last quarter. US Bancorp DE increased its position in shares of New York Community Bancorp by 2.7% during the first quarter. US Bancorp DE now owns 60,084 shares of the financial services provider’s stock worth $644,000 after purchasing an additional 1,587 shares in the last quarter. AlphaCrest Capital Management LLC increased its position in shares of New York Community Bancorp by 122.0% during the first quarter. AlphaCrest Capital Management LLC now owns 36,608 shares of the financial services provider’s stock worth $392,000 after purchasing an additional 20,121 shares in the last quarter. Finally, Natixis Advisors L.P. acquired a new position in shares of New York Community Bancorp during the first quarter worth $235,000. Institutional investors own 67.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NYCB. TheStreet downgraded New York Community Bancorp from a “b-” rating to a “c+” rating in a research report on Monday, February 5th. StockNews.com raised New York Community Bancorp to a “sell” rating in a research report on Monday. Keefe, Bruyette & Woods downgraded New York Community Bancorp from an “outperform” rating to a “market perform” rating and cut their target price for the company from $14.00 to $12.00 in a research report on Monday, December 18th. Citigroup cut their target price on New York Community Bancorp from $5.00 to $3.50 and set a “neutral” rating on the stock in a research report on Thursday, March 7th. Finally, Royal Bank of Canada cut their target price on New York Community Bancorp from $5.00 to $4.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 9th. Three research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.43.

New York Community Bancorp Trading Up 2.6 %

NYCB stock opened at $2.92 on Tuesday. The company’s 50-day simple moving average is $3.80 and its 200-day simple moving average is $7.74. The company has a quick ratio of 1.17, a current ratio of 1.18 and a debt-to-equity ratio of 2.70. New York Community Bancorp, Inc. has a 52-week low of $1.70 and a 52-week high of $14.22. The firm has a market cap of $2.33 billion, a P/E ratio of 0.88, a PEG ratio of 31.60 and a beta of 0.92.

New York Community Bancorp (NYSE:NYCB) last posted its earnings results on Wednesday, January 31st. The financial services provider reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.56). The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $935.90 million. New York Community Bancorp had a return on equity of 6.22% and a net margin of 28.96%. During the same period in the previous year, the company earned $0.25 earnings per share. As a group, equities analysts forecast that New York Community Bancorp, Inc. will post 0.01 EPS for the current fiscal year.

New York Community Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 6.86%. The ex-dividend date was Tuesday, February 13th. New York Community Bancorp’s dividend payout ratio is presently 6.01%.

Insider Activity at New York Community Bancorp

In related news, Director Peter Schoels purchased 100,000 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were purchased at an average cost of $4.15 per share, with a total value of $415,000.00. Following the purchase, the director now owns 147,438 shares of the company’s stock, valued at approximately $611,867.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other New York Community Bancorp news, Director Peter Schoels acquired 100,000 shares of the business’s stock in a transaction on Friday, February 9th. The stock was bought at an average price of $4.15 per share, for a total transaction of $415,000.00. Following the acquisition, the director now owns 147,438 shares in the company, valued at $611,867.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lee Matthew Smith acquired 25,000 shares of the business’s stock in a transaction on Friday, February 9th. The stock was acquired at an average price of $4.05 per share, with a total value of $101,250.00. Following the acquisition, the executive vice president now owns 1,440,683 shares in the company, valued at approximately $5,834,766.15. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 213,410 shares of company stock valued at $875,626. 1.62% of the stock is owned by corporate insiders.

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.