Herold Advisors Inc. Has $441,000 Position in New York Community Bancorp, Inc. (NYSE:NYCB)

Herold Advisors Inc. boosted its position in New York Community Bancorp, Inc. (NYSE:NYCB) by 16.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,065 shares of the financial services provider’s stock after purchasing an additional 6,079 shares during the period. Herold Advisors Inc.’s holdings in New York Community Bancorp were worth $441,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Orion Capital Management LLC acquired a new position in New York Community Bancorp in the 3rd quarter worth about $28,000. Loomis Sayles & Co. L P acquired a new position in New York Community Bancorp in the 3rd quarter worth about $29,000. Naples Money Management LLC bought a new stake in shares of New York Community Bancorp in the 4th quarter valued at about $30,000. Authentikos Wealth Advisory LLC bought a new stake in shares of New York Community Bancorp in the 3rd quarter valued at about $35,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in shares of New York Community Bancorp in the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

Insider Activity

In related news, Director Peter Schoels purchased 100,000 shares of New York Community Bancorp stock in a transaction dated Friday, February 9th. The stock was bought at an average cost of $4.15 per share, for a total transaction of $415,000.00. Following the completion of the transaction, the director now owns 147,438 shares in the company, valued at $611,867.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other New York Community Bancorp news, Director Peter Schoels bought 100,000 shares of New York Community Bancorp stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average cost of $4.15 per share, for a total transaction of $415,000.00. Following the completion of the transaction, the director now directly owns 147,438 shares in the company, valued at $611,867.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas R. Cangemi bought 11,310 shares of New York Community Bancorp stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average price of $4.41 per share, with a total value of $49,877.10. Following the completion of the transaction, the chief executive officer now owns 69,704 shares of the company’s stock, valued at $307,394.64. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 213,410 shares of company stock worth $875,626. 1.62% of the stock is owned by corporate insiders.

New York Community Bancorp Stock Performance

Shares of NYCB traded down $0.11 during mid-day trading on Friday, hitting $2.96. The stock had a trading volume of 19,381,793 shares, compared to its average volume of 34,170,973. The firm has a market cap of $2.36 billion, a P/E ratio of 0.89 and a beta of 0.91. The business has a fifty day moving average price of $3.51 and a 200-day moving average price of $7.29. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.18 and a quick ratio of 1.17. New York Community Bancorp, Inc. has a 52 week low of $1.70 and a 52 week high of $14.22.

New York Community Bancorp (NYSE:NYCB) last announced its quarterly earnings results on Wednesday, January 31st. The financial services provider reported ($0.27) earnings per share 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 analysts’ expectations of $935.90 million. New York Community Bancorp had a net margin of 28.96% and a return on equity of 6.22%. During the same quarter last year, the firm posted $0.25 earnings per share. On average, equities research 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 declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 6.76%. The ex-dividend date of this dividend was Tuesday, February 13th. New York Community Bancorp’s dividend payout ratio (DPR) is presently 6.01%.

Wall Street Analyst Weigh In

A number of research firms have commented on NYCB. Citigroup reduced their price target on 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. Jefferies Financial Group lowered New York Community Bancorp from a “buy” rating to a “hold” rating and reduced their price target for the company from $13.00 to $7.00 in a research report on Thursday, February 1st. Morgan Stanley cut their target price on New York Community Bancorp from $6.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 7th. Bank of America lowered New York Community Bancorp from a “buy” rating to a “neutral” rating and cut their target price for the company from $8.50 to $5.00 in a research report on Wednesday, February 7th. Finally, Barclays started coverage on New York Community Bancorp in a research report on Friday, March 8th. They set an “equal weight” rating and a $4.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $5.43.

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.