SG Americas Securities LLC Has $564,000 Position in New York Community Bancorp, Inc. (NYCB)

SG Americas Securities LLC cut its holdings in New York Community Bancorp, Inc. (NYSE:NYCB) by 80.7% during the 1st quarter, HoldingsChannel reports. The fund owned 48,774 shares of the financial services provider’s stock after selling 203,520 shares during the period. SG Americas Securities LLC’s holdings in New York Community Bancorp were worth $564,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in NYCB. Advisory Services Network LLC increased its stake in shares of New York Community Bancorp by 20.1% in the 4th quarter. Advisory Services Network LLC now owns 5,960 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 999 shares in the last quarter. Greenwich Wealth Management LLC increased its stake in shares of New York Community Bancorp by 11.1% in the 4th quarter. Greenwich Wealth Management LLC now owns 12,872 shares of the financial services provider’s stock worth $121,000 after purchasing an additional 1,290 shares in the last quarter. First Mercantile Trust Co. increased its stake in shares of New York Community Bancorp by 129.6% in the 4th quarter. First Mercantile Trust Co. now owns 3,100 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 1,750 shares in the last quarter. ETF Managers Group LLC increased its stake in shares of New York Community Bancorp by 21.4% in the 4th quarter. ETF Managers Group LLC now owns 10,492 shares of the financial services provider’s stock worth $99,000 after purchasing an additional 1,847 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of New York Community Bancorp by 13.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 15,861 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 1,925 shares in the last quarter. 66.13% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Dominick Ciampa acquired 34,000 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was acquired at an average price of $11.61 per share, with a total value of $394,740.00. Following the acquisition, the director now directly owns 7,508 shares of the company’s stock, valued at $87,167.88. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 3.31% of the stock is owned by corporate insiders.

Several equities research analysts have recently commented on the company. B. Riley restated a “neutral” rating on shares of New York Community Bancorp in a research note on Wednesday, April 10th. Jefferies Financial Group started coverage on New York Community Bancorp in a research note on Monday, April 8th. They issued a “hold” rating and a $12.00 price target for the company. Zacks Investment Research lowered New York Community Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. Morgan Stanley lowered New York Community Bancorp from an “equal weight” rating to an “underweight” rating and set a $11.50 price target for the company. in a research note on Monday, March 11th. Finally, UBS Group upgraded New York Community Bancorp from a “neutral” rating to a “buy” rating and increased their price target for the stock from $10.00 to $15.00 in a research note on Wednesday, February 6th. Three analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. New York Community Bancorp has an average rating of “Hold” and a consensus target price of $12.06.

Shares of NYCB stock opened at $10.36 on Wednesday. New York Community Bancorp, Inc. has a 52-week low of $8.61 and a 52-week high of $12.72. The company has a quick ratio of 1.35, a current ratio of 1.31 and a debt-to-equity ratio of 2.16. The firm has a market capitalization of $4.89 billion, a price-to-earnings ratio of 13.11, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. New York Community Bancorp had a net margin of 22.65% and a return on equity of 6.65%. The business had revenue of $266.11 million during the quarter, compared to the consensus estimate of $268.24 million. During the same quarter in the prior year, the firm earned $0.20 EPS. The business’s revenue was down 9.2% on a year-over-year basis. Analysts expect that New York Community Bancorp, Inc. will post 0.79 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 6.56%. The ex-dividend date of this dividend is Monday, May 13th. New York Community Bancorp’s dividend payout ratio (DPR) is presently 86.08%.

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New York Community Bancorp Profile

New York Community Bancorp, Inc operates as a bank holding company for New York Community Bank that provides banking products and services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company offers various deposit products, including interest-bearing checking and money market, savings, non-interest-bearing, and individual retirement accounts, as well as certificates of deposit.

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Institutional Ownership by Quarter for New York Community Bancorp (NYSE:NYCB)

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