New York Community Bancorp, Inc. (NYCB) Holdings Cut by IFP Advisors Inc

IFP Advisors Inc cut its position in New York Community Bancorp, Inc. (NYSE:NYCB) by 36.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,696 shares of the financial services provider’s stock after selling 12,314 shares during the quarter. IFP Advisors Inc’s holdings in New York Community Bancorp were worth $282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. SG Americas Securities LLC lifted its stake in New York Community Bancorp by 253.3% in the 4th quarter. SG Americas Securities LLC now owns 127,230 shares of the financial services provider’s stock worth $1,657,000 after purchasing an additional 91,219 shares in the last quarter. Cerebellum GP LLC purchased a new stake in shares of New York Community Bancorp during the 4th quarter valued at $3,333,000. Naples Global Advisors LLC purchased a new stake in shares of New York Community Bancorp during the 4th quarter valued at $435,000. State of Alaska Department of Revenue raised its position in shares of New York Community Bancorp by 56.1% during the 4th quarter. State of Alaska Department of Revenue now owns 91,533 shares of the financial services provider’s stock valued at $1,191,000 after buying an additional 32,900 shares in the last quarter. Finally, Mondrian Investment Partners LTD purchased a new stake in shares of New York Community Bancorp during the 4th quarter valued at $47,004,000. Institutional investors and hedge funds own 59.25% of the company’s stock.

Several research firms have recently weighed in on NYCB. Morgan Stanley raised their price objective on shares of New York Community Bancorp from $14.00 to $14.75 and gave the company an “equal weight” rating in a research report on Thursday, February 1st. ValuEngine cut shares of New York Community Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Investment Research cut shares of New York Community Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday. TheStreet cut shares of New York Community Bancorp from a “b-” rating to a “c+” rating in a research report on Tuesday, January 16th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $14.00 price objective on shares of New York Community Bancorp in a research report on Friday, December 22nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. New York Community Bancorp has an average rating of “Hold” and a consensus price target of $13.25.

New York Community Bancorp, Inc. (NYSE:NYCB) opened at $13.52 on Tuesday. The company has a market cap of $6,799.79, a price-to-earnings ratio of 17.18, a P/E/G ratio of 1.66 and a beta of 0.65. New York Community Bancorp, Inc. has a 52-week low of $11.67 and a 52-week high of $15.59. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.40 and a quick ratio of 1.40.

New York Community Bancorp (NYSE:NYCB) last issued its earnings results on Wednesday, January 31st. The financial services provider reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17. The company had revenue of $296.32 million for the quarter, compared to analysts’ expectations of $300.29 million. New York Community Bancorp had a net margin of 25.91% and a return on equity of 6.81%. analysts forecast that New York Community Bancorp, Inc. will post 0.84 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date of this dividend is Monday, February 12th. New York Community Bancorp’s payout ratio is presently 75.56%.

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About New York Community Bancorp

New York Community Bancorp, Inc is a multi-bank holding company. The Company operates through its subsidiaries, New York Community Bank (the Community Bank) and New York Commercial Bank (the Commercial Bank) (collectively, the Banks). The Company’s operations are divided into two segments: Banking Operations and Residential Mortgage Banking.

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

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