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

Onyx Bridge Wealth Group LLC reduced its stake in New York Community Bancorp, Inc. (NYSE:NYCB) by 69.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,298 shares of the financial services provider’s stock after selling 28,514 shares during the period. Onyx Bridge Wealth Group LLC’s holdings in New York Community Bancorp were worth $138,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its holdings in shares of New York Community Bancorp by 353.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,830,195 shares of the financial services provider’s stock valued at $28,953,000 after buying an additional 2,206,140 shares during the period. HighPoint Advisor Group LLC acquired a new stake in New York Community Bancorp in the fourth quarter valued at approximately $315,000. Alaska Permanent Fund Corp raised its stake in shares of New York Community Bancorp by 67.7% during the first quarter. Alaska Permanent Fund Corp now owns 362,300 shares of the financial services provider’s stock valued at $1,167,000 after purchasing an additional 146,290 shares during the period. Fulton Bank N.A. acquired a new position in shares of New York Community Bancorp during the first quarter worth $111,000. Finally, BTC Capital Management Inc. purchased a new position in shares of New York Community Bancorp in the first quarter valued at $32,000. 67.88% of the stock is owned by hedge funds and other institutional investors.

New York Community Bancorp Stock Performance

Shares of NYSE NYCB opened at $12.17 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.27 and a debt-to-equity ratio of 3.66. The firm’s 50-day moving average price is $10.99 and its two-hundred day moving average price is $12.10. New York Community Bancorp, Inc. has a 52-week low of $5.10 and a 52-week high of $34.47. The stock has a market capitalization of $5.05 billion, a P/E ratio of -4.41 and a beta of 1.00.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported ($3.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $671.00 million for the quarter, compared to analyst estimates of $722.47 million. During the same quarter in the prior year, the firm earned $4.23 EPS. The company’s revenue for the quarter was down 44.2% compared to the same quarter last year. As a group, 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Saturday, September 7th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.33%. New York Community Bancorp’s dividend payout ratio (DPR) is presently -1.45%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on NYCB shares. Raymond James raised shares of New York Community Bancorp from an “underperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. JPMorgan Chase & Co. boosted their price target on 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 raised New York Community Bancorp from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $10.00 to $14.00 in a report on Thursday, September 26th. StockNews.com upgraded New York Community Bancorp to a “sell” rating in a report on Friday, July 19th. Finally, Citigroup increased their target price 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. One 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 stock. Based on data from MarketBeat.com, the stock currently has an average 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.