New York Community Bancorp, Inc. (NYSE:NYCB) Holdings Lifted by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its position in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 30.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,750 shares of the financial services provider’s stock after buying an additional 15,400 shares during the quarter. Nisa Investment Advisors LLC’s holdings in New York Community Bancorp were worth $683,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Wellington Management Group LLP boosted its position in shares of New York Community Bancorp by 7.5% in the 3rd quarter. Wellington Management Group LLP now owns 67,668,954 shares of the financial services provider’s stock valued at $767,366,000 after purchasing an additional 4,723,876 shares during the period. Vanguard Group Inc. boosted its position in shares of New York Community Bancorp by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 44,302,719 shares of the financial services provider’s stock valued at $377,902,000 after purchasing an additional 444,458 shares during the period. State Street Corp boosted its position in shares of New York Community Bancorp by 61.4% in the 1st quarter. State Street Corp now owns 35,348,227 shares of the financial services provider’s stock valued at $319,548,000 after purchasing an additional 13,450,558 shares during the period. Geode Capital Management LLC boosted its position in shares of New York Community Bancorp by 3.6% in the 1st quarter. Geode Capital Management LLC now owns 9,577,580 shares of the financial services provider’s stock valued at $86,581,000 after purchasing an additional 336,233 shares during the period. Finally, Brandywine Global Investment Management LLC boosted its position in shares of New York Community Bancorp by 30.0% in the 1st quarter. Brandywine Global Investment Management LLC now owns 7,932,246 shares of the financial services provider’s stock valued at $71,708,000 after purchasing an additional 1,829,923 shares during the period. Institutional investors own 67.88% of the company’s stock.

New York Community Bancorp Stock Up 0.5 %

NYCB opened at $2.93 on Wednesday. New York Community Bancorp, Inc. has a fifty-two week low of $1.70 and a fifty-two week high of $14.22. The business has a 50-day moving average of $3.77 and a 200-day moving average of $7.68. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.18 and a quick ratio of 1.17. The company has a market capitalization of $2.33 billion, a PE ratio of 0.88, a price-to-earnings-growth ratio of 31.60 and a beta of 0.92.

New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings results on Wednesday, January 31st. The financial services provider reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.56). New York Community Bancorp had a return on equity of 6.22% and a net margin of 28.96%. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $935.90 million. During the same period last year, the business earned $0.25 earnings per share. Equities research 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 announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.20 annualized dividend and a yield of 6.84%. New York Community Bancorp’s dividend payout ratio (DPR) is currently 6.01%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on NYCB shares. Morgan Stanley decreased their price target on New York Community Bancorp from $6.00 to $4.00 and set an “equal weight” rating for the company in a research report on Thursday, March 7th. TheStreet downgraded New York Community Bancorp from a “b-” rating to a “c+” rating in a research note on Monday, February 5th. Raymond James downgraded New York Community Bancorp from a “market perform” rating to an “underperform” rating and set a $3.00 price objective for the company. in a research note on Monday, March 18th. Deutsche Bank Aktiengesellschaft downgraded New York Community Bancorp from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $15.00 to $7.00 in a research note on Friday, February 2nd. Finally, JPMorgan Chase & Co. downgraded New York Community Bancorp from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $11.50 to $5.50 in a research note on Wednesday, February 7th. Three research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the stock. Based on data from MarketBeat.com, New York Community Bancorp has a consensus rating of “Hold” and an average price target of $5.43.

Insider Buying and Selling

In related news, Director Marshall Lux bought 27,100 shares of New York Community Bancorp stock in a transaction that occurred on Thursday, March 21st. The stock was purchased at an average cost of $3.69 per share, for a total transaction of $99,999.00. Following the acquisition, the director now owns 64,872 shares in the company, valued at $239,377.68. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other New York Community Bancorp news, CEO Thomas R. Cangemi purchased 11,310 shares of the company’s stock in a transaction on Friday, February 9th. The shares were bought at an average cost of $4.41 per share, with a total value of $49,877.10. Following the transaction, the chief executive officer now directly owns 69,704 shares in the company, valued at approximately $307,394.64. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Marshall Lux purchased 27,100 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was acquired at an average cost of $3.69 per share, for a total transaction of $99,999.00. Following the completion of the transaction, the director now owns 64,872 shares in the company, valued at $239,377.68. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 213,410 shares of company stock worth $875,626. 1.62% of the stock is currently owned by insiders.

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.