Arnhold LLC Grows Stock Holdings in New York Community Bancorp, Inc. (NYSE:NYCB)

Arnhold LLC boosted its holdings in New York Community Bancorp, Inc. (NYSE:NYCB) by 75.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,000 shares of the financial services provider’s stock after buying an additional 15,000 shares during the period. Arnhold LLC’s holdings in New York Community Bancorp were worth $358,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Orion Capital Management LLC purchased a new position in New York Community Bancorp in the third quarter worth $28,000. Loomis Sayles & Co. L P bought a new stake in New York Community Bancorp in the third quarter worth $29,000. Naples Money Management LLC bought a new stake in New York Community Bancorp in the fourth quarter worth $30,000. Authentikos Wealth Advisory LLC bought a new stake in New York Community Bancorp in the third quarter worth $35,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in New York Community Bancorp in the fourth quarter worth $40,000. 67.88% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Marshall Lux acquired 27,100 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were purchased at an average cost of $3.69 per share, for a total transaction of $99,999.00. Following the transaction, the director now directly owns 64,872 shares of the company’s stock, valued at $239,377.68. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Marshall Lux acquired 27,100 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were purchased at an average cost of $3.69 per share, for a total transaction of $99,999.00. Following the transaction, the director now directly owns 64,872 shares of the company’s stock, valued at $239,377.68. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Thomas R. Cangemi acquired 11,310 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were purchased at an average price of $4.41 per share, for a total transaction of $49,877.10. Following the completion of the transaction, the chief executive officer now directly owns 69,704 shares in the company, valued at $307,394.64. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 213,410 shares of company stock worth $875,626. Company insiders own 1.62% of the company’s stock.

New York Community Bancorp Stock Performance

New York Community Bancorp stock traded down $0.15 during midday trading on Tuesday, reaching $2.64. 24,299,390 shares of the company traded hands, compared to its average volume of 33,860,211. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 0.79 and a beta of 0.92. The business has a 50 day moving average of $3.42 and a two-hundred day moving average of $7.12. New York Community Bancorp, Inc. has a 12 month low of $1.70 and a 12 month high of $14.22. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.18 and a quick ratio of 1.17.

New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings data on Wednesday, January 31st. The financial services provider reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.56). New York Community Bancorp had a net margin of 28.96% and a return on equity of 6.22%. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $935.90 million. During the same quarter last year, the company earned $0.25 EPS. As a group, research analysts predict that New York Community Bancorp, Inc. will post -0.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NYCB shares. Raymond James downgraded shares of New York Community Bancorp from a “market perform” rating to an “underperform” rating and set a $3.00 price target for the company. in a research note on Monday, March 18th. UBS Group downgraded shares of New York Community Bancorp from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Royal Bank of Canada decreased their price target on shares of New York Community Bancorp from $5.00 to $4.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 9th. DA Davidson downgraded shares of New York Community Bancorp from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $8.50 to $5.00 in a research note on Thursday, February 8th. Finally, Piper Sandler reissued a “neutral” rating and issued a $5.00 price target (down from $8.00) on shares of New York Community Bancorp in a research note on Friday, March 1st. Three investment analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $5.43.

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.