New York Community Bancorp, Inc. (NYSE:NYCB) Holdings Trimmed by Onyx Bridge Wealth Group LLC

Onyx Bridge Wealth Group LLC cut its holdings in New York Community Bancorp, Inc. (NYSE:NYCB) by 69.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,298 shares of the financial services provider’s stock after selling 28,514 shares during the quarter. Onyx Bridge Wealth Group LLC’s holdings in New York Community Bancorp were worth $138,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Bfsg LLC acquired a new position in shares of New York Community Bancorp in the 3rd quarter worth approximately $156,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in New York Community Bancorp during the second quarter worth approximately $2,879,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in New York Community Bancorp in the second quarter worth approximately $70,000. Sanctuary Advisors LLC bought a new position in shares of New York Community Bancorp in the second quarter valued at $68,000. Finally, Cetera Investment Advisers lifted its position in shares of New York Community Bancorp by 24.1% during the 2nd quarter. Cetera Investment Advisers now owns 385,449 shares of the financial services provider’s stock valued at $1,241,000 after acquiring an additional 74,811 shares during the last quarter. 67.88% of the stock is owned by institutional investors and hedge funds.

New York Community Bancorp Trading Down 1.7 %

New York Community Bancorp stock opened at $12.17 on Friday. New York Community Bancorp, Inc. has a 12 month low of $5.10 and a 12 month high of $34.47. The company has a quick ratio of 1.17, a current ratio of 1.27 and a debt-to-equity ratio of 3.66. The stock has a market cap of $5.05 billion, a P/E ratio of -4.41 and a beta of 1.00. The company’s fifty day simple moving average is $10.99 and its 200-day simple moving average is $12.10.

New York Community Bancorp (NYSE:NYCB) last issued its earnings results on Thursday, July 25th. The financial services provider reported ($3.15) EPS for the quarter, missing analysts’ consensus estimates of ($1.26) by ($1.89). New York Community Bancorp had a negative net margin of 10.78% and a negative return on equity of 4.49%. The firm had revenue of $671.00 million during the quarter, compared to analysts’ expectations of $722.47 million. During the same quarter last year, the firm earned $4.23 EPS. The business’s revenue for the quarter was down 44.2% compared to the same quarter last year. As a group, sell-side analysts forecast that New York Community Bancorp, Inc. will post -2.41 EPS for the current fiscal year.

New York Community Bancorp Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Saturday, September 7th were issued a $0.01 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.04 dividend on an annualized basis and a yield of 0.33%. New York Community Bancorp’s dividend payout ratio is currently -1.45%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NYCB. Raymond James upgraded New York Community Bancorp from an “underperform” rating to a “market perform” rating in a report on Tuesday, September 17th. StockNews.com upgraded New York Community Bancorp to a “sell” rating in a report on Friday, July 19th. Citigroup raised their target price on shares of New York Community Bancorp from $10.50 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, July 3rd. JPMorgan Chase & Co. boosted their price target on shares of New York Community Bancorp from $11.50 to $12.50 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $31.50 price objective on shares of New York Community Bancorp in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $17.48.

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.