New York Community Bancorp, Inc. (NYSE:NYCB) Shares Sold by Southern Capital Advisors LLC

Southern Capital Advisors LLC lessened its holdings in New York Community Bancorp, Inc. (NYSE:NYCB) by 66.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,369 shares of the financial services provider’s stock after selling 24,719 shares during the period. Southern Capital Advisors LLC’s holdings in New York Community Bancorp were worth $139,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NYCB. Legacy Capital Group California Inc. grew its holdings in shares of New York Community Bancorp by 1.2% in the second quarter. Legacy Capital Group California Inc. now owns 81,618 shares of the financial services provider’s stock valued at $263,000 after purchasing an additional 934 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of New York Community Bancorp by 6.2% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 19,642 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 1,146 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in New York Community Bancorp by 7.6% in the second quarter. CIBC Asset Management Inc now owns 20,405 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 1,436 shares in the last quarter. Family Asset Management LLC increased its stake in New York Community Bancorp by 9.2% in the second quarter. Family Asset Management LLC now owns 18,010 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 1,510 shares during the last quarter. Finally, ProShare Advisors LLC raised its holdings in New York Community Bancorp by 4.4% during the second quarter. ProShare Advisors LLC now owns 36,769 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 1,544 shares in the last quarter. Hedge funds and other institutional investors own 67.88% of the company’s stock.

New York Community Bancorp Price Performance

NYSE NYCB opened at $10.55 on Monday. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 3.66. New York Community Bancorp, Inc. has a 1 year low of $5.10 and a 1 year high of $34.47. The company has a market cap of $2.89 billion, a PE ratio of 351.67 and a beta of 1.00. The stock’s 50-day moving average price is $11.11 and its two-hundred day moving average price is $12.19.

New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings results on Friday, October 25th. The financial services provider reported ($0.69) EPS for the quarter, missing the consensus estimate of ($0.40) by ($0.29). 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 $1.65 billion during the quarter, compared to analysts’ expectations of $621.72 million. During the same quarter last year, the company posted $1.08 EPS. On average, analysts predict that New York Community Bancorp, Inc. will post -2.41 EPS for the current year.

New York Community Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Saturday, December 7th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.38%. New York Community Bancorp’s dividend payout ratio is currently 133.33%.

Analyst Upgrades and Downgrades

NYCB has been the topic of a number of research reports. Citigroup raised their price target on New York Community Bancorp from $10.50 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 3rd. Wedbush reaffirmed a “neutral” rating and issued a $31.50 target price on shares of New York Community Bancorp in a report on Friday, July 26th. Raymond James upgraded shares of New York Community Bancorp from an “underperform” rating to a “market perform” rating in a research report on Tuesday, September 17th. StockNews.com upgraded shares of New York Community Bancorp to a “sell” rating in a research note on Friday, July 19th. Finally, Barclays upgraded shares of New York Community Bancorp from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $10.00 to $14.00 in a research note on Thursday, September 26th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, New York Community Bancorp presently has an average rating of “Hold” and a consensus price target of $17.48.

About New York Community Bancorp

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.