International Assets Investment Management LLC Has $47.32 Million Position in New York Community Bancorp, Inc. (NYSE:NYCB)

International Assets Investment Management LLC boosted its holdings in New York Community Bancorp, Inc. (NYSE:NYCB - Free Report) by 1,237.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 484,124 shares of the financial services provider's stock after acquiring an additional 447,937 shares during the period. International Assets Investment Management LLC owned 0.07% of New York Community Bancorp worth $47,324,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new stake in shares of New York Community Bancorp during the second quarter worth approximately $27,000. Orion Capital Management LLC acquired a new stake in New York Community Bancorp in the third quarter worth about $28,000. Loomis Sayles & Co. L P acquired a new stake in New York Community Bancorp in the third quarter worth about $29,000. Lazard Asset Management LLC acquired a new stake in New York Community Bancorp in the 4th quarter valued at about $29,000. Finally, Authentikos Wealth Advisory LLC acquired a new stake in New York Community Bancorp during the 3rd quarter worth about $35,000. 67.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at New York Community Bancorp

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Citigroup lowered their price target on New York Community Bancorp from $5.00 to $3.50 and set a "neutral" rating for the company in a research note on Thursday, March 7th. UBS Group lowered New York Community Bancorp from a "buy" rating to a "neutral" rating in a research note on Monday, January 8th. TheStreet lowered New York Community Bancorp from a "b-" rating to a "c+" rating in a research note on Monday, February 5th. Wedbush reduced their target price on New York Community Bancorp from $3.50 to $3.00 and set an "underperform" rating on the stock in a report on Thursday, March 7th. 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 research report on Monday, March 18th. Three investment analysts have rated the stock with a sell rating and thirteen have given a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $5.64.

New York Community Bancorp Stock Up 5.6 %

Shares of NYCB traded up $0.17 during mid-day trading on Monday, reaching $3.30. The company's stock had a trading volume of 15,022,637 shares, compared to its average volume of 37,977,500. The stock has a market cap of $2.63 billion, a PE ratio of 0.99, a price-to-earnings-growth ratio of 4.41 and a beta of 0.92. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.18 and a quick ratio of 1.17. New York Community Bancorp, Inc. has a 12-month low of $1.70 and a 12-month high of $14.22. The company's 50 day moving average is $4.18 and its 200 day moving average is $8.03.

New York Community Bancorp (NYSE:NYCB - Get Free Report) last released 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). 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 analysts' expectations of $935.90 million. During the same period in the previous year, the business posted $0.25 EPS. Equities analysts anticipate that New York Community Bancorp, Inc. will post 0.07 EPS for the current fiscal year.

New York Community Bancorp Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.07%. The ex-dividend date was Tuesday, February 13th. New York Community Bancorp's payout ratio is 6.01%.

About New York Community Bancorp

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.