Watershed Asset Management L.L.C. Purchases New Position in New York Community Bancorp, Inc. (NYSE:NYCB)

Watershed Asset Management L.L.C. purchased a new stake in New York Community Bancorp, Inc. (NYSE:NYCB) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 25,289 shares of the financial services provider’s stock, valued at approximately $259,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Moody Lynn & Lieberson LLC increased its stake in New York Community Bancorp by 7.1% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 15,150 shares of the financial services provider’s stock valued at $155,000 after purchasing an additional 1,000 shares during the period. Kestra Private Wealth Services LLC increased its stake in New York Community Bancorp by 5.0% in the third quarter. Kestra Private Wealth Services LLC now owns 23,282 shares of the financial services provider’s stock valued at $264,000 after purchasing an additional 1,118 shares during the period. Avantax Advisory Services Inc. increased its stake in New York Community Bancorp by 3.5% in the third quarter. Avantax Advisory Services Inc. now owns 35,779 shares of the financial services provider’s stock valued at $406,000 after purchasing an additional 1,204 shares during the period. HB Wealth Management LLC increased its stake in New York Community Bancorp by 7.2% in the fourth quarter. HB Wealth Management LLC now owns 20,299 shares of the financial services provider’s stock valued at $208,000 after purchasing an additional 1,371 shares during the period. Finally, Treasurer of the State of North Carolina increased its stake in shares of New York Community Bancorp by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 312,764 shares of the financial services provider’s stock worth $3,547,000 after acquiring an additional 1,590 shares during the period. 67.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Morgan Stanley dropped their price target on shares of New York Community Bancorp from $6.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 7th. UBS Group lowered shares of New York Community Bancorp from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. JPMorgan Chase & Co. lowered shares of New York Community Bancorp from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $11.50 to $5.50 in a research note on Wednesday, February 7th. StockNews.com upgraded shares of New York Community Bancorp to a “sell” rating in a research note on Monday, April 15th. Finally, Jefferies Financial Group lowered shares of New York Community Bancorp from a “buy” rating to a “hold” rating and dropped their price target for the stock from $13.00 to $7.00 in a research note on Thursday, February 1st. Three 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 stock presently has a consensus rating of “Hold” and a consensus target price of $5.43.

Insider Buying and Selling

In other New York Community Bancorp news, Director Peter Schoels acquired 100,000 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was bought at an average price of $4.15 per share, with a total value of $415,000.00. Following the completion of the transaction, the director now directly owns 147,438 shares of the company’s stock, valued at $611,867.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other New York Community Bancorp news, Director Peter Schoels acquired 100,000 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was bought at an average price of $4.15 per share, with a total value of $415,000.00. Following the completion of the transaction, the director now directly owns 147,438 shares of the company’s stock, valued at $611,867.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Marshall Lux acquired 27,100 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was acquired at an average cost of $3.69 per share, with a total value 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 disclosure for this purchase can be found here. Over the last quarter, insiders purchased 213,410 shares of company stock valued at $875,626. Insiders own 1.62% of the company’s stock.

New York Community Bancorp Trading Down 3.8 %

NYCB stock traded down $0.12 on Wednesday, hitting $3.06. 11,698,706 shares of the company were exchanged, compared to its average volume of 34,651,496. New York Community Bancorp, Inc. has a twelve month low of $1.70 and a twelve 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. The business’s fifty day moving average is $3.61 and its two-hundred day moving average is $7.40. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 0.90 and a beta of 0.91.

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

New York Community Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 6.54%. The ex-dividend date of this dividend was Tuesday, February 13th. New York Community Bancorp’s dividend payout ratio (DPR) is 6.01%.

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.