Sigma Planning Corp Sells 71,785 Shares of New York Community Bancorp, Inc. (NYSE:NYCB)

Sigma Planning Corp lowered its holdings in New York Community Bancorp, Inc. (NYSE:NYCB) by 79.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,538 shares of the financial services provider’s stock after selling 71,785 shares during the period. Sigma Planning Corp’s holdings in New York Community Bancorp were worth $208,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP bought a new stake in New York Community Bancorp during the third quarter valued at $29,000. Hantz Financial Services Inc. purchased a new position in shares of New York Community Bancorp during the 2nd quarter valued at about $28,000. AlphaMark Advisors LLC lifted its position in New York Community Bancorp by 26.0% in the 2nd quarter. AlphaMark Advisors LLC now owns 8,734 shares of the financial services provider’s stock worth $28,000 after buying an additional 1,803 shares during the last quarter. Carmichael Hill & Associates Inc. grew its position in New York Community Bancorp by 201.0% during the second quarter. Carmichael Hill & Associates Inc. now owns 9,029 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 6,029 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in shares of New York Community Bancorp by 4,665.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 9,530 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 9,330 shares during the last quarter. Hedge funds and other institutional investors own 67.88% of the company’s stock.

New York Community Bancorp Stock Down 8.3 %

NYCB stock opened at $10.55 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.14 and a debt-to-equity ratio of 2.52. The business has a 50 day moving average of $11.07 and a 200 day moving average of $12.22. New York Community Bancorp, Inc. has a twelve month low of $5.10 and a twelve month high of $34.47. The firm has a market cap of $4.38 billion, a PE ratio of -2.42 and a beta of 1.00.

New York Community Bancorp (NYSE:NYCB) last announced its quarterly earnings results on Friday, October 25th. The financial services provider reported ($0.69) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.29). The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $621.72 million. New York Community Bancorp had a negative return on equity of 11.35% and a negative net margin of 18.40%. During the same quarter in the previous year, the firm earned $1.08 EPS. On average, research analysts forecast that New York Community Bancorp, Inc. will post -3 EPS for the current fiscal 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 given 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 (DPR) is presently -0.92%.

Analysts Set New Price Targets

Several research analysts recently commented 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. Barclays raised New York Community Bancorp from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $10.00 to $14.00 in a research note on Thursday, September 26th. Wedbush reissued a “neutral” rating and set a $31.50 price objective on shares of New York Community Bancorp in a research report on Friday, July 26th. JPMorgan Chase & Co. raised their target price on shares of New York Community Bancorp from $11.50 to $12.50 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Finally, StockNews.com assumed coverage on shares of New York Community Bancorp in a research report on Thursday. They set a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.