Samalin Investment Counsel LLC Has $262,000 Stake in New York Community Bancorp, Inc. (NYSE:NYCB)

Samalin Investment Counsel LLC raised its stake in shares of New York Community Bancorp, Inc. (NYSE:NYCB – Get Rating) by 109.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,445 shares of the financial services provider’s stock after buying an additional 15,891 shares during the period. Samalin Investment Counsel LLC’s holdings in New York Community Bancorp were worth $262,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NYCB. Bessemer Group Inc. acquired a new stake in shares of New York Community Bancorp during the 3rd quarter valued at $25,000. Point72 Hong Kong Ltd acquired a new stake in shares of New York Community Bancorp in the 2nd quarter valued at $27,000. Quadrant Capital Group LLC lifted its stake in shares of New York Community Bancorp by 181.0% in the 3rd quarter. Quadrant Capital Group LLC now owns 3,347 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 2,156 shares during the last quarter. New Hampshire Trust acquired a new stake in shares of New York Community Bancorp in the 4th quarter valued at $32,000. Finally, Belpointe Asset Management LLC acquired a new stake in shares of New York Community Bancorp in the 4th quarter valued at $40,000. Institutional investors and hedge funds own 63.17% of the company’s stock.

New York Community Bancorp Stock Up 0.3 %

Shares of NYCB stock traded up $0.03 during trading hours on Friday, hitting $10.40. 1,977,667 shares of the company were exchanged, compared to its average volume of 14,983,069. The business has a 50 day moving average of $9.45 and a two-hundred day moving average of $9.20. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 2.74. New York Community Bancorp, Inc. has a 52 week low of $5.81 and a 52 week high of $11.21. The company has a market capitalization of $7.51 billion, a PE ratio of 2.72, a PEG ratio of 0.84 and a beta of 1.06.

New York Community Bancorp (NYSE:NYCB – Get Rating) last issued its quarterly earnings data on Friday, April 28th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23. New York Community Bancorp had a net margin of 49.74% and a return on equity of 8.25%. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $623.11 million. During the same quarter in the prior year, the firm earned $0.32 earnings per share. The firm’s revenue was up 666.8% compared to the same quarter last year. Analysts anticipate that New York Community Bancorp, Inc. will post 1.25 earnings per share for the current fiscal year.

New York Community Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 18th. Shareholders of record on Monday, May 8th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 6.54%. The ex-dividend date of this dividend was Friday, May 5th. New York Community Bancorp’s dividend payout ratio is currently 17.85%.

Analysts Set New Price Targets

Several research analysts recently commented on NYCB shares. StockNews.com upgraded shares of New York Community Bancorp from a “sell” rating to a “hold” rating in a report on Friday, May 12th. Bank of America upped their target price on shares of New York Community Bancorp from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, April 4th. Raymond James began coverage on shares of New York Community Bancorp in a research note on Wednesday, March 22nd. They issued a “strong-buy” rating and a $13.00 target price on the stock. Keefe, Bruyette & Woods upgraded shares of New York Community Bancorp from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $10.00 to $11.00 in a research report on Monday, March 20th. Finally, TheStreet upgraded shares of New York Community Bancorp from a “c+” rating to a “b-” rating in a research report on Tuesday, May 16th. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, New York Community Bancorp presently has an average rating of “Moderate Buy” and a consensus price target of $10.54.

About New York Community Bancorp

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New York Community Bancorp, Inc is a bank holding company, which engages in the provision of multi-family loans on non-luxury rent-regulated buildings that feature below-market rents. It also offers financial products and services to individuals and businesses. The company was founded on July 20, 1993 and is headquartered in Westbury, NY.