New York Community Bancorp, Inc. (NYSE:NYCB) Shares Sold by Cerity Partners LLC

Cerity Partners LLC cut its stake in New York Community Bancorp, Inc. (NYSE:NYCB) by 34.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,483,801 shares of the financial services provider’s stock after selling 787,666 shares during the period. Cerity Partners LLC’s holdings in New York Community Bancorp were worth $16,663,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of NYCB. Curi RMB Capital LLC acquired a new stake in New York Community Bancorp during the 3rd quarter worth about $2,244,000. Versor Investments LP acquired a new stake in shares of New York Community Bancorp during the third quarter worth about $636,000. Allworth Financial LP acquired a new position in New York Community Bancorp in the 3rd quarter worth approximately $29,000. Alaska Permanent Fund Corp acquired a new position in New York Community Bancorp in the 3rd quarter worth approximately $1,018,000. Finally, International Assets Investment Management LLC lifted its stake in New York Community Bancorp by 400.1% during the 3rd quarter. International Assets Investment Management LLC now owns 359,424 shares of the financial services provider’s stock valued at $4,036,000 after acquiring an additional 287,557 shares during the period. Hedge funds and other institutional investors own 67.88% of the company’s stock.

New York Community Bancorp Trading Down 8.3 %

Shares of NYSE:NYCB opened at $10.55 on Tuesday. The business’s 50 day moving average price is $11.06 and its 200-day moving average price is $12.25. New York Community Bancorp, Inc. has a 1 year low of $5.10 and a 1 year high of $34.47. The firm has a market capitalization of $4.38 billion, a price-to-earnings ratio of -2.42 and a beta of 1.00. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.14 and a quick ratio of 1.11.

New York Community Bancorp (NYSE:NYCB) last announced its earnings results on Friday, October 25th. The financial services provider reported ($0.69) earnings per share (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 company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $621.72 million. During the same quarter last year, the business earned $1.08 EPS. On average, equities research analysts forecast that New York Community Bancorp, Inc. will post -3 earnings per share for the current fiscal year.

New York Community Bancorp Announces Dividend

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

Wall Street Analyst Weigh In

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

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.