Cullen Investment Group LTD. Has $123,000 Stock Holdings in New York Community Bancorp, Inc. (NYSE:NYCB)

Cullen Investment Group LTD. trimmed its holdings in New York Community Bancorp, Inc. (NYSE:NYCB) by 66.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,941 shares of the financial services provider’s stock after selling 21,856 shares during the period. Cullen Investment Group LTD.’s holdings in New York Community Bancorp were worth $123,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Moody National Bank Trust Division lifted its holdings in New York Community Bancorp by 49.6% in the 1st quarter. Moody National Bank Trust Division now owns 32,481 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 10,770 shares during the last quarter. Virtu Financial LLC lifted its stake in shares of New York Community Bancorp by 24.6% in the fourth quarter. Virtu Financial LLC now owns 70,945 shares of the financial services provider’s stock worth $726,000 after buying an additional 14,011 shares during the last quarter. Fulton Bank N.A. acquired a new stake in shares of New York Community Bancorp in the first quarter worth $111,000. Intech Investment Management LLC bought a new stake in shares of New York Community Bancorp during the 2nd quarter worth $575,000. Finally, Algert Global LLC grew its stake in New York Community Bancorp by 144.5% in the 2nd quarter. Algert Global LLC now owns 461,902 shares of the financial services provider’s stock valued at $1,487,000 after buying an additional 273,002 shares during the last quarter. Institutional investors and hedge funds own 67.88% of the company’s stock.

New York Community Bancorp Price Performance

NYSE NYCB traded up $0.02 on Friday, hitting $10.90. 5,366,175 shares of the company were exchanged, compared to its average volume of 7,520,653. New York Community Bancorp, Inc. has a 1-year low of $5.10 and a 1-year high of $34.47. The firm has a 50 day moving average of $11.07 and a two-hundred day moving average of $12.01. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 3.66. The company has a market cap of $4.53 billion, a P/E ratio of 363.33 and a beta of 1.00.

New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates 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 posted $4.23 EPS. On average, equities analysts predict that New York Community Bancorp, Inc. will post -2.43 EPS for the current year.

New York Community Bancorp Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors 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 annualized dividend and a yield of 0.37%. New York Community Bancorp’s dividend payout ratio is currently 133.33%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on NYCB shares. StockNews.com raised New York Community Bancorp to a “sell” rating in a report on Friday, July 19th. Barclays raised shares of New York Community Bancorp from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $10.00 to $14.00 in a research report on Thursday, September 26th. Wedbush reissued a “neutral” rating and issued a $31.50 price target on shares of New York Community Bancorp in a report on Friday, July 26th. Citigroup raised their price target on shares of New York Community Bancorp from $10.50 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 3rd. Finally, Raymond James upgraded shares of New York Community Bancorp from an “underperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $17.77.

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.