Saxony Capital Management LLC Purchases Shares of 10,150 New York Community Bancorp, Inc. (NYSE:NYCB)

Saxony Capital Management LLC purchased a new stake in shares of New York Community Bancorp, Inc. (NYSE:NYCB) in the 4th quarter, HoldingsChannel reports. The firm purchased 10,150 shares of the financial services provider’s stock, valued at approximately $104,000.

Other institutional investors have also added to or reduced their stakes in the company. Orion Capital Management LLC bought a new position in shares of New York Community Bancorp during the third quarter valued at about $28,000. Loomis Sayles & Co. L P bought a new position in shares of New York Community Bancorp during the third quarter valued at about $29,000. Point72 Hong Kong Ltd bought a new position in shares of New York Community Bancorp during the second quarter valued at about $27,000. Point72 Asset Management L.P. bought a new position in shares of New York Community Bancorp during the second quarter valued at about $35,000. Finally, Authentikos Wealth Advisory LLC bought a new position in shares of New York Community Bancorp during the third quarter valued at about $35,000. 67.88% of the stock is currently owned by hedge funds and other institutional investors.

New York Community Bancorp Stock Down 5.3 %

Shares of NYCB stock traded down $0.16 during trading hours on Friday, hitting $2.84. 19,217,257 shares of the company’s stock traded hands, compared to its average volume of 23,267,180. The stock’s fifty day simple moving average is $3.85 and its two-hundred day simple moving average is $7.85. New York Community Bancorp, Inc. has a 12-month low of $1.70 and a 12-month high of $14.22. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 0.85 and a beta of 0.91. The company has a quick ratio of 1.17, a current ratio of 1.18 and a debt-to-equity ratio of 2.70.

New York Community Bancorp (NYSE:NYCB) last announced its quarterly earnings results on Wednesday, January 31st. The financial services provider reported ($0.27) earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.56). The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $935.90 million. New York Community Bancorp had a net margin of 28.96% and a return on equity of 6.22%. During the same period last year, the business earned $0.25 EPS.

New York Community Bancorp Cuts Dividend

The company 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 dividend yield of 7.04%. The ex-dividend date was Tuesday, February 13th. New York Community Bancorp’s dividend payout ratio (DPR) is currently 6.01%.

Insider Activity at New York Community Bancorp

In other news, Chairman Alessandro Dinello purchased 50,000 shares of New York Community Bancorp stock in a transaction that occurred on Friday, February 9th. The stock was bought at an average price of $4.19 per share, with a total value of $209,500.00. Following the completion of the transaction, the chairman now directly owns 114,305 shares of the company’s stock, valued at $478,937.95. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Chairman Alessandro Dinello bought 50,000 shares of the business’s stock in a transaction on Friday, February 9th. The stock was acquired at an average price of $4.19 per share, with a total value of $209,500.00. Following the transaction, the chairman now owns 114,305 shares in the company, valued at approximately $478,937.95. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas R. Cangemi bought 11,310 shares of the business’s stock in a transaction on Friday, February 9th. The stock was bought at an average cost of $4.41 per share, with a total value of $49,877.10. Following the transaction, the chief executive officer now owns 69,704 shares in the company, valued at approximately $307,394.64. The disclosure for this purchase can be found here. Insiders bought 213,410 shares of company stock valued at $875,626 over the last 90 days. Corporate insiders own 1.62% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of New York Community Bancorp from a “buy” rating to a “hold” rating and lowered their price objective for the company from $15.00 to $7.00 in a research note on Friday, February 2nd. Keefe, Bruyette & Woods lowered shares of New York Community Bancorp from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $14.00 to $12.00 in a report on Monday, December 18th. Citigroup lowered their price objective on shares of New York Community Bancorp from $5.00 to $3.50 and set a “neutral” rating for the company in a report on Thursday, March 7th. TheStreet lowered shares of New York Community Bancorp from a “b-” rating to a “c+” rating in a report on Monday, February 5th. Finally, UBS Group lowered shares of New York Community Bancorp from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Three investment analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus 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.