Inspire Advisors LLC Has $225,000 Stake in New York Community Bancorp, Inc. (NYSE:NYCB)

Inspire Advisors LLC reduced its holdings in New York Community Bancorp, Inc. (NYSE:NYCB) by 67.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,077 shares of the financial services provider’s stock after selling 42,108 shares during the quarter. Inspire Advisors LLC’s holdings in New York Community Bancorp were worth $225,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Legacy Capital Group California Inc. grew its position in New York Community Bancorp by 1.2% during the second quarter. Legacy Capital Group California Inc. now owns 81,618 shares of the financial services provider’s stock worth $263,000 after buying an additional 934 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in New York Community Bancorp by 6.2% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 19,642 shares of the financial services provider’s stock worth $63,000 after buying an additional 1,146 shares in the last quarter. CIBC Asset Management Inc increased its holdings in New York Community Bancorp by 7.6% in the 2nd quarter. CIBC Asset Management Inc now owns 20,405 shares of the financial services provider’s stock valued at $66,000 after buying an additional 1,436 shares during the period. Family Asset Management LLC raised its stake in shares of New York Community Bancorp by 9.2% in the 2nd quarter. Family Asset Management LLC now owns 18,010 shares of the financial services provider’s stock valued at $58,000 after buying an additional 1,510 shares in the last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of New York Community Bancorp by 4.4% during the 2nd quarter. ProShare Advisors LLC now owns 36,769 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 1,544 shares during the period. 67.88% of the stock is currently owned by institutional investors.

New York Community Bancorp Stock Down 1.6 %

Shares of NYSE:NYCB opened at $12.18 on Friday. The company has a 50 day moving average of $10.99 and a 200-day moving average of $12.12. New York Community Bancorp, Inc. has a one year low of $5.10 and a one year high of $34.47. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of -4.41 and a beta of 1.00. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.27 and a quick ratio of 1.17.

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 the consensus estimate 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 business had revenue of $671.00 million for the quarter, compared to the consensus estimate of $722.47 million. During the same quarter in the previous year, the firm posted $4.23 EPS. The business’s revenue was down 44.2% on a year-over-year basis. On average, sell-side analysts forecast that New York Community Bancorp, Inc. will post -2.41 earnings per share for the current year.

New York Community Bancorp Cuts Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NYCB shares. Citigroup upped their price objective on New York Community Bancorp from $10.50 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday, July 3rd. StockNews.com raised shares of New York Community Bancorp to a “sell” rating in a report on Friday, July 19th. Keefe, Bruyette & Woods increased their price target on New York Community Bancorp from $11.25 to $33.75 and gave the stock a “market perform” rating in a research report on Monday, July 15th. Wedbush reiterated a “neutral” rating and issued a $31.50 price objective on shares of New York Community Bancorp in a research report on Friday, July 26th. Finally, Raymond James raised New York Community Bancorp from an “underperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. One equities 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 data from MarketBeat, the company has an average rating of “Hold” and a consensus 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.