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

Onyx Bridge Wealth Group LLC boosted its holdings in New York Community Bancorp, Inc. (NYSE:NYCB – Get Rating) by 7.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,467 shares of the financial services provider’s stock after purchasing an additional 5,358 shares during the quarter. Onyx Bridge Wealth Group LLC’s holdings in New York Community Bancorp were worth $727,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in New York Community Bancorp by 1.0% in the third quarter. Vanguard Group Inc. now owns 44,302,719 shares of the financial services provider’s stock valued at $377,902,000 after acquiring an additional 444,458 shares in the last quarter. State Street Corp boosted its position in shares of New York Community Bancorp by 5.6% in the 3rd quarter. State Street Corp now owns 15,944,115 shares of the financial services provider’s stock valued at $136,003,000 after purchasing an additional 845,651 shares during the period. Cannell & Co. grew its stake in New York Community Bancorp by 0.7% during the 3rd quarter. Cannell & Co. now owns 6,514,139 shares of the financial services provider’s stock worth $55,566,000 after buying an additional 43,915 shares during the last quarter. Bank of New York Mellon Corp increased its position in New York Community Bancorp by 1.9% during the third quarter. Bank of New York Mellon Corp now owns 6,399,062 shares of the financial services provider’s stock worth $54,584,000 after buying an additional 120,929 shares during the period. Finally, Renaissance Technologies LLC increased its position in New York Community Bancorp by 14.6% during the second quarter. Renaissance Technologies LLC now owns 6,054,525 shares of the financial services provider’s stock worth $55,278,000 after buying an additional 770,300 shares during the period. 63.17% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at New York Community Bancorp

In other news, EVP Reginald E. Davis sold 4,600 shares of the company’s stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $9.97, for a total transaction of $45,862.00. Following the transaction, the executive vice president now directly owns 123,033 shares of the company’s stock, valued at approximately $1,226,639.01. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Ronald A. Rosenfeld purchased 30,800 shares of the stock in a transaction that occurred on Monday, February 6th. The shares were acquired at an average price of $24.57 per share, for a total transaction of $756,756.00. Following the acquisition, the director now directly owns 30,800 shares in the company, valued at approximately $756,756. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Reginald E. Davis sold 4,600 shares of New York Community Bancorp stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $9.97, for a total value of $45,862.00. Following the transaction, the executive vice president now directly owns 123,033 shares of the company’s stock, valued at $1,226,639.01. The disclosure for this sale can be found here. 1.58% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NYCB. StockNews.com began coverage on shares of New York Community Bancorp in a research report on Thursday. They set a “hold” rating on the stock. JPMorgan Chase & Co. lowered their price objective on shares of New York Community Bancorp from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 13th. Credit Suisse Group upped their target price on shares of New York Community Bancorp from $8.50 to $10.00 and gave the company a “neutral” rating in a report on Wednesday, February 1st. DA Davidson began coverage on shares of New York Community Bancorp in a research note on Tuesday, December 20th. They set a “neutral” rating and a $10.00 target price for the company. Finally, Morgan Stanley initiated coverage on New York Community Bancorp in a research report on Monday, December 5th. They issued an “equal weight” rating and a $10.00 price target on the stock. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $9.95.

New York Community Bancorp Trading Down 4.7 %

NYSE NYCB opened at $6.54 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 2.56. The stock has a market capitalization of $4.47 billion, a P/E ratio of 5.23, a P/E/G ratio of 0.61 and a beta of 1.06. New York Community Bancorp, Inc. has a 52-week low of $5.81 and a 52-week high of $11.28. The firm has a 50-day moving average price of $9.08 and a 200 day moving average price of $9.05.

New York Community Bancorp (NYSE:NYCB – Get Rating) last released its earnings results on Tuesday, January 31st. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). The business had revenue of $577.00 million for the quarter, compared to analyst estimates of $410.71 million. New York Community Bancorp had a return on equity of 9.32% and a net margin of 27.79%. Equities research analysts expect that New York Community Bancorp, Inc. will post 1.13 EPS for the current year.

New York Community Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 16th. Shareholders of record on Monday, February 6th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 10.40%. The ex-dividend date was Friday, February 3rd. New York Community Bancorp’s payout ratio is 54.40%.

About New York Community Bancorp

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New York Community Bancorp, Inc is a bank holding company, which engages in the provision of multi-family loans on non-luxury rent-regulated buildings that feature below-market rents. It also offers financial products and services to individuals and businesses. The company was founded on July 20, 1993 and is headquartered in Westbury, NY.