American Assets Investment Management LLC Trims Stock Holdings in New York Community Bancorp, Inc. (NYSE:NYCB)

American Assets Investment Management LLC lessened its position in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 66.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,333 shares of the financial services provider’s stock after selling 66,667 shares during the quarter. American Assets Investment Management LLC’s holdings in New York Community Bancorp were worth $374,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. AlphaMark Advisors LLC raised its holdings in shares of New York Community Bancorp by 26.0% during the second quarter. AlphaMark Advisors LLC now owns 8,734 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 1,803 shares during the last quarter. Hantz Financial Services Inc. purchased a new position in shares of New York Community Bancorp during the 2nd quarter valued at about $28,000. Carmichael Hill & Associates Inc. lifted its holdings in shares of New York Community Bancorp by 201.0% in the 2nd quarter. Carmichael Hill & Associates Inc. now owns 9,029 shares of the financial services provider’s stock valued at $29,000 after buying an additional 6,029 shares during the period. Allworth Financial LP purchased a new stake in shares of New York Community Bancorp in the third quarter worth about $29,000. Finally, Nisa Investment Advisors LLC grew its holdings in New York Community Bancorp by 4,665.0% during the second quarter. Nisa Investment Advisors LLC now owns 9,530 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 9,330 shares during the period. 67.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NYCB has been the subject of a number of analyst reports. 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. Raymond James raised shares of New York Community Bancorp from an “underperform” rating to a “market perform” rating in a report on Tuesday, September 17th. Barclays upgraded shares of New York Community Bancorp from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $10.00 to $14.00 in a research report on Thursday, September 26th. StockNews.com started coverage on shares of New York Community Bancorp in a research report on Wednesday, November 6th. They issued a “sell” rating for the company. Finally, JPMorgan Chase & Co. raised their target price on New York Community Bancorp from $11.50 to $12.50 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $17.48.

New York Community Bancorp Price Performance

Shares of New York Community Bancorp stock traded down $0.95 during mid-day trading on Tuesday, reaching $10.55. 18,531,300 shares of the stock traded hands, compared to its average volume of 8,349,293. The stock has a market capitalization of $4.38 billion, a PE ratio of -2.42 and a beta of 1.00. The business has a 50-day moving average of $11.08 and a 200 day moving average of $12.21. New York Community Bancorp, Inc. has a fifty-two week low of $5.10 and a fifty-two week high of $34.47. The company has a quick ratio of 1.11, a current ratio of 1.14 and a debt-to-equity ratio of 2.52.

New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings data on Friday, October 25th. The financial services provider reported ($0.69) EPS for the quarter, missing the consensus estimate of ($0.40) by ($0.29). New York Community Bancorp had a negative net margin of 18.40% and a negative return on equity of 11.35%. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $621.72 million. During the same period in the prior year, the company posted $1.08 earnings per share. On average, analysts predict that New York Community Bancorp, Inc. will post -3 EPS for the current year.

New York Community Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Saturday, December 7th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.38%. New York Community Bancorp’s payout ratio is presently -0.92%.

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.