Amalgamated Bank Cuts Stock Position in New York Community Bancorp, Inc. (NYSE:NYCB)

Amalgamated Bank lessened its holdings in New York Community Bancorp, Inc. (NYSE:NYCB) by 15.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 376,613 shares of the financial services provider’s stock after selling 69,138 shares during the quarter. Amalgamated Bank owned 0.14% of New York Community Bancorp worth $1,213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Jump Financial LLC purchased a new stake in shares of New York Community Bancorp during the 4th quarter worth approximately $173,000. Orion Portfolio Solutions LLC increased its position in New York Community Bancorp by 9.0% in the fourth quarter. Orion Portfolio Solutions LLC now owns 227,141 shares of the financial services provider’s stock worth $2,405,000 after buying an additional 18,682 shares during the last quarter. Advisory Services Network LLC raised its stake in shares of New York Community Bancorp by 206.7% in the fourth quarter. Advisory Services Network LLC now owns 68,542 shares of the financial services provider’s stock valued at $701,000 after buying an additional 46,193 shares during the period. Hilltop Holdings Inc. purchased a new position in shares of New York Community Bancorp during the 4th quarter valued at $243,000. Finally, United Services Automobile Association increased its holdings in New York Community Bancorp by 14.6% in the 4th quarter. United Services Automobile Association now owns 57,075 shares of the financial services provider’s stock worth $584,000 after acquiring an additional 7,284 shares during the last quarter. 67.88% of the stock is currently owned by institutional investors.

New York Community Bancorp Trading Up 7.1 %

Shares of NYCB opened at $11.42 on Friday. 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, Inc. has a 1-year low of $5.10 and a 1-year high of $34.50. The company has a market capitalization of $3.12 billion, a P/E ratio of 380.67 and a beta of 1.00. The firm’s 50 day simple moving average is $14.18 and its 200 day simple moving average is $7.75.

New York Community Bancorp (NYSE:NYCB) last issued 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 firm’s quarterly revenue was down 44.2% compared to the same quarter last year. During the same period in the prior year, the company earned $4.23 EPS. Sell-side analysts forecast that New York Community Bancorp, Inc. will post -2.43 earnings per share for the current fiscal year.

New York Community Bancorp Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Saturday, September 7th were given a dividend of $0.01 per share. The ex-dividend date was Friday, September 6th. This represents a $0.04 annualized dividend and a dividend yield of 0.35%. New York Community Bancorp’s dividend payout ratio is presently 133.33%.

Wall Street Analysts Forecast Growth

Several research firms have commented on NYCB. Raymond James raised shares of New York Community Bancorp from an “underperform” rating to a “market perform” rating in a report on Tuesday, September 17th. StockNews.com upgraded New York Community Bancorp to a “sell” rating in a research report on Friday, July 19th. Keefe, Bruyette & Woods raised their price target on New York Community Bancorp from $11.25 to $33.75 and gave the stock a “market perform” rating in a report on Monday, July 15th. Citigroup boosted their price objective on New York Community Bancorp from $3.50 to $4.00 and gave the company a “neutral” rating in a research note on Wednesday, July 3rd. Finally, Wedbush reaffirmed a “neutral” rating and set a $31.50 target price on shares of New York Community Bancorp in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $9.70.

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.