Sigma Planning Corp Has $657,000 Position in New York Community Bancorp, Inc. (NYSE:NYCB)

Sigma Planning Corp reduced its stake in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 55.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 64,195 shares of the financial services provider’s stock after selling 81,202 shares during the quarter. Sigma Planning Corp’s holdings in New York Community Bancorp were worth $657,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in NYCB. Wellington Management Group LLP boosted its holdings in shares of New York Community Bancorp by 7.5% during the third quarter. Wellington Management Group LLP now owns 67,668,954 shares of the financial services provider’s stock worth $767,366,000 after purchasing an additional 4,723,876 shares during the period. Westfield Capital Management Co. LP boosted its holdings in shares of New York Community Bancorp by 154.0% during the third quarter. Westfield Capital Management Co. LP now owns 5,135,955 shares of the financial services provider’s stock worth $58,242,000 after purchasing an additional 3,114,070 shares during the period. AQR Capital Management LLC boosted its holdings in shares of New York Community Bancorp by 212.7% during the third quarter. AQR Capital Management LLC now owns 1,982,700 shares of the financial services provider’s stock worth $22,444,000 after purchasing an additional 1,348,601 shares during the period. Picton Mahoney Asset Management acquired a new stake in shares of New York Community Bancorp during the third quarter worth approximately $10,581,000. Finally, The Manufacturers Life Insurance Company raised its position in New York Community Bancorp by 52.7% during the third quarter. The Manufacturers Life Insurance Company now owns 2,136,886 shares of the financial services provider’s stock valued at $24,232,000 after acquiring an additional 737,643 shares in the last quarter. 67.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at New York Community Bancorp

In related news, CEO Thomas R. Cangemi acquired 11,310 shares of the stock in a transaction dated Friday, February 9th. The shares were acquired at an average price of $4.41 per share, for a total transaction of $49,877.10. Following the completion of the purchase, the chief executive officer now owns 69,704 shares in the company, valued at approximately $307,394.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other New York Community Bancorp news, CEO Thomas R. Cangemi purchased 11,310 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were purchased at an average price of $4.41 per share, for a total transaction of $49,877.10. Following the completion of the purchase, the chief executive officer now directly owns 69,704 shares of the company’s stock, valued at $307,394.64. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Alessandro Dinello purchased 50,000 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were acquired at an average price of $4.19 per share, for a total transaction of $209,500.00. Following the purchase, the chairman now directly owns 114,305 shares of the company’s stock, valued at $478,937.95. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 213,410 shares of company stock worth $875,626. Insiders own 1.62% of the company’s stock.

New York Community Bancorp Trading Down 3.8 %

Shares of New York Community Bancorp stock opened at $3.06 on Thursday. The company’s fifty day simple moving average is $3.58 and its 200-day simple moving average is $7.37. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 0.92 and a beta of 0.91. The company has a current ratio of 1.18, a quick ratio of 1.17 and a debt-to-equity ratio of 2.70. New York Community Bancorp, Inc. has a 1 year low of $1.70 and a 1 year high of $14.22.

New York Community Bancorp (NYSE:NYCB) last announced its quarterly earnings data on Wednesday, January 31st. The financial services provider reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.56). The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $935.90 million. New York Community Bancorp had a return on equity of 6.22% and a net margin of 28.96%. During the same quarter in the previous year, the business posted $0.25 EPS. As a group, sell-side analysts expect that New York Community Bancorp, Inc. will post -0.08 EPS for the current year.

New York Community Bancorp Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were paid a $0.05 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $0.20 annualized dividend and a dividend yield of 6.54%. New York Community Bancorp’s payout ratio is 6.01%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on NYCB shares. Bank of America lowered shares of New York Community Bancorp from a “buy” rating to a “neutral” rating and cut their price objective for the company from $8.50 to $5.00 in a research report on Wednesday, February 7th. Citigroup cut their price objective on shares of New York Community Bancorp from $5.00 to $3.50 and set a “neutral” rating on the stock in a research report on Thursday, March 7th. Deutsche Bank Aktiengesellschaft lowered shares of New York Community Bancorp from a “buy” rating to a “hold” rating and cut their price objective for the company from $15.00 to $7.00 in a research report on Friday, February 2nd. Wedbush cut their price objective on shares of New York Community Bancorp from $3.50 to $3.00 and set an “underperform” rating on the stock in a research report on Thursday, March 7th. Finally, DA Davidson lowered shares of New York Community Bancorp from a “buy” rating to a “neutral” rating and cut their price objective for the company from $8.50 to $5.00 in a research report on Thursday, February 8th. Three analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.43.

New York Community Bancorp 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.