Vima LLC Takes Position in New York Community Bancorp, Inc. (NYSE:NYCB)

Vima LLC purchased a new stake in shares of New York Community Bancorp, Inc. (NYSE:NYCB) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,380 shares of the financial services provider’s stock, valued at approximately $65,000.

Other large investors have also recently bought and sold shares of the company. Orion Capital Management LLC purchased a new stake in New York Community Bancorp in the 3rd quarter worth approximately $28,000. Loomis Sayles & Co. L P acquired a new stake in New York Community Bancorp during the third quarter valued at $29,000. Naples Money Management LLC purchased a new position in New York Community Bancorp in the fourth quarter valued at about $30,000. Wetzel Investment Advisors Inc. purchased a new position in New York Community Bancorp in the fourth quarter valued at about $40,000. Finally, Quarry LP increased its position in New York Community Bancorp by 585.5% in the 4th quarter. Quarry LP now owns 4,031 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 3,443 shares during the last quarter. 67.88% of the stock is owned by institutional investors and hedge funds.

New York Community Bancorp Stock Performance

Shares of New York Community Bancorp stock traded down $0.09 during midday trading on Friday, hitting $3.05. The company had a trading volume of 19,651,003 shares, compared to its average volume of 10,781,753. The stock has a market cap of $2.50 billion, a PE ratio of 305.00 and a beta of 0.98. New York Community Bancorp, Inc. has a 1-year low of $1.70 and a 1-year high of $14.22. The business’s 50 day simple moving average is $3.26 and its two-hundred day simple moving average is $5.73. The company has a debt-to-equity ratio of 3.39, a current ratio of 1.27 and a quick ratio of 1.26.

New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings results on Wednesday, May 1st. The financial services provider reported ($0.25) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.01. The company had revenue of $633.00 million for the quarter, compared to analyst estimates of $776.81 million. New York Community Bancorp had a net margin of 0.62% and a return on equity of 2.91%. The business’s quarterly revenue was down 76.1% on a year-over-year basis. During the same period last year, the business posted $0.23 EPS. As a group, equities analysts predict that New York Community Bancorp, Inc. will post -0.49 EPS for the current fiscal year.

New York Community Bancorp Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, June 7th will be issued a $0.01 dividend. The ex-dividend date is Friday, June 7th. This represents a $0.04 annualized dividend and a yield of 1.31%. New York Community Bancorp’s dividend payout ratio (DPR) is 400.00%.

Insiders Place Their Bets

In other New York Community Bancorp news, Director Marshall Lux purchased 27,100 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were purchased at an average price of $3.69 per share, for a total transaction of $99,999.00. Following the completion of the purchase, the director now directly owns 64,872 shares of the company’s stock, valued at $239,377.68. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 6.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NYCB. Piper Sandler raised New York Community Bancorp from a “neutral” rating to an “overweight” rating and set a $4.00 price target for the company in a research note on Wednesday, May 1st. StockNews.com upgraded shares of New York Community Bancorp to a “sell” rating in a research note on Monday, April 29th. Citigroup cut their price target on shares of New York Community Bancorp from $5.00 to $3.50 and set a “neutral” rating on the stock in a report on Thursday, March 7th. Royal Bank of Canada decreased their price objective on shares of New York Community Bancorp from $5.00 to $4.00 and set a “sector perform” rating for the company in a report on Tuesday, April 9th. Finally, Raymond James lowered New York Community Bancorp from a “market perform” rating to an “underperform” rating and set a $3.00 target price on the stock. in a report on Monday, March 18th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.39.

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.