Signaturefd LLC Cuts Holdings in New York Community Bancorp, Inc. (NYSE:NYCB)

Signaturefd LLC cut its holdings in New York Community Bancorp, Inc. (NYSE:NYCB) by 67.3% during the third quarter, Holdings Channel reports. The institutional investor owned 51,063 shares of the financial services provider’s stock after selling 104,858 shares during the quarter. Signaturefd LLC’s holdings in New York Community Bancorp were worth $573,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Renaissance Technologies LLC lifted its position in shares of New York Community Bancorp by 995.2% during 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 acquiring an additional 3,740,900 shares during the period. Private Management Group Inc. raised its holdings in New York Community Bancorp by 1,639.1% during the first quarter. Private Management Group Inc. now owns 1,899,114 shares of the financial services provider’s stock worth $6,115,000 after purchasing an additional 1,789,914 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in New York Community Bancorp during the second quarter worth $5,401,000. SG Americas Securities LLC grew its holdings in New York Community Bancorp by 302.7% in the second quarter. SG Americas Securities LLC now owns 1,681,490 shares of the financial services provider’s stock valued at $5,414,000 after purchasing an additional 1,263,905 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of New York Community Bancorp in the second quarter valued at $2,879,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

New York Community Bancorp Trading Down 2.6 %

NYSE NYCB opened at $11.50 on Friday. The company has a market cap of $4.78 billion, a P/E ratio of -4.17 and a beta of 1.00. 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 debt-to-equity ratio of 3.66, a current ratio of 1.27 and a quick ratio of 1.17. The company has a 50-day moving average of $11.12 and a 200-day moving average of $12.16.

New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported ($3.15) EPS for the quarter, missing the consensus estimate of ($1.26) by ($1.89). The company 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 business’s revenue for the quarter was down 44.2% on a year-over-year basis. During the same period last year, the company posted $4.23 EPS. As a group, equities analysts predict that New York Community Bancorp, Inc. will post -2.41 earnings per share for the current year.

New York Community Bancorp Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Saturday, September 7th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.35%. The ex-dividend date was Friday, September 6th. New York Community Bancorp’s dividend payout ratio (DPR) is currently -1.45%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on NYCB shares. StockNews.com raised shares of New York Community Bancorp to a “sell” rating in a research note on Friday, July 19th. Raymond James upgraded shares of New York Community Bancorp from an “underperform” rating to a “market perform” rating in a research report on Tuesday, September 17th. Barclays upgraded New York Community Bancorp from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $10.00 to $14.00 in a research report on Thursday, September 26th. JPMorgan Chase & Co. increased their target price on New York Community Bancorp from $11.50 to $12.50 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Finally, 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. 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 stock. According to data from MarketBeat, New York Community Bancorp currently has a consensus rating of “Hold” and a consensus target price of $17.48.

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.