Shufro Rose & Co. LLC cut its stake in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 4.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,700 shares of the financial services provider’s stock after selling 1,300 shares during the quarter. Shufro Rose & Co. LLC’s holdings in New York Community Bancorp were worth $286,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the stock. Joseph P. Lucia & Associates LLC bought a new position in New York Community Bancorp in the 1st quarter worth approximately $125,000. TCI Wealth Advisors Inc. boosted its stake in New York Community Bancorp by 52.0% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 4,259 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 1,457 shares during the period. Advisory Services Network LLC boosted its stake in 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 during the period. Colrain Capital LLC bought a new position in New York Community Bancorp in the 1st quarter worth approximately $93,000. Finally, Banco Santander S.A. bought a new position in New York Community Bancorp in the 1st quarter worth approximately $129,000. Institutional investors own 62.89% of the company’s stock.
New York Community Bancorp stock traded down $0.06 during mid-day trading on Monday, hitting $11.49. The company’s stock had a trading volume of 118,953 shares, compared to its average volume of 5,206,205. The company has a 50 day simple moving average of $10.29. The company has a market capitalization of $5.37 billion, a PE ratio of 14.53, a PEG ratio of 1.49 and a beta of 0.99. The company has a current ratio of 1.30, a quick ratio of 1.31 and a debt-to-equity ratio of 2.17. New York Community Bancorp, Inc. has a one year low of $8.61 and a one year high of $12.72.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 26th. Stockholders of record on Monday, August 12th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.92%. The ex-dividend date is Friday, August 9th. New York Community Bancorp’s payout ratio is 86.08%.
In related news, Director Hanif Dahya acquired 1,640 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were bought at an average price of $26.31 per share, with a total value of $43,148.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.31% of the stock is currently owned by corporate insiders.
NYCB has been the subject of several recent analyst reports. TheStreet downgraded New York Community Bancorp from a “b-” rating to a “c+” rating in a research note on Thursday, June 13th. Jefferies Financial Group initiated 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. JPMorgan Chase & Co. upgraded New York Community Bancorp from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $9.50 to $11.50 in a research note on Thursday. B. Riley set a $13.00 price objective on New York Community Bancorp and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Royal Bank of Canada began coverage on New York Community Bancorp in a report on Friday, July 12th. They set an “outperform” rating and a $12.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. New York Community Bancorp currently has a consensus rating of “Hold” and an average target price of $12.20.
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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