Allspring Global Investments Holdings LLC Has $9.73 Million Holdings in New York Community Bancorp, Inc. (NYSE:NYCB)

Allspring Global Investments Holdings LLC raised its stake in New York Community Bancorp, Inc. (NYSE:NYCB - Free Report) by 135.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 950,942 shares of the financial services provider's stock after acquiring an additional 546,821 shares during the period. Allspring Global Investments Holdings LLC owned 0.13% of New York Community Bancorp worth $9,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Point72 Hong Kong Ltd acquired a new stake in shares of New York Community Bancorp during the second quarter worth about $27,000. Orion Capital Management LLC purchased a new position in New York Community Bancorp in the third quarter valued at about $28,000. Loomis Sayles & Co. L P purchased a new position in New York Community Bancorp in the third quarter valued at about $29,000. Lazard Asset Management LLC purchased a new position in New York Community Bancorp in the fourth quarter valued at about $29,000. Finally, Authentikos Wealth Advisory LLC purchased a new position in shares of New York Community Bancorp during the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 67.88% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NYCB. Raymond James cut shares of New York Community Bancorp from a "market perform" rating to an "underperform" rating and set a $3.00 price objective for the company. in a research note on Monday, March 18th. Morgan Stanley decreased 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 report on Thursday, March 7th. Royal Bank of Canada decreased their price target on shares of New York Community Bancorp from $5.00 to $4.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 9th. Compass Point downgraded shares of New York Community Bancorp from a "buy" rating to a "neutral" rating and cut their target price for the company from $16.00 to $8.00 in a research note on Thursday, February 1st. Finally, Citigroup cut their target price on shares of New York Community Bancorp from $5.00 to $3.50 and set a "neutral" rating on the stock in a research note on Thursday, March 7th. 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, the stock has a consensus rating of "Hold" and an average price target of $5.43.

Insider Buying and Selling

In other New York Community Bancorp news, Director Marshall Lux bought 27,100 shares of the company's stock in a transaction that occurred on Thursday, March 21st. The shares were acquired at an average cost of $3.69 per share, for a total transaction of $99,999.00. Following the acquisition, the director now directly owns 64,872 shares of the company's stock, valued at $239,377.68. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In other New York Community Bancorp news, Chairman Alessandro Dinello bought 50,000 shares of the firm's stock in a transaction on Friday, February 9th. The stock was bought at an average cost 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 approximately $478,937.95. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Marshall Lux acquired 27,100 shares of the firm's stock in a transaction that occurred on Thursday, March 21st. The shares were purchased at an average cost of $3.69 per share, with a total value of $99,999.00. Following the completion of the acquisition, the director now owns 64,872 shares in the company, valued at approximately $239,377.68. The disclosure for this purchase can be found here. Insiders have acquired 213,410 shares of company stock worth $875,626 in the last ninety days. 1.62% of the stock is currently owned by corporate insiders.

New York Community Bancorp Price Performance

Shares of NYSE:NYCB traded up $0.05 during trading on Wednesday, reaching $2.97. The company had a trading volume of 13,419,655 shares, compared to its average volume of 36,207,355. The firm's fifty day moving average is $3.74 and its 200 day moving average is $7.65. The firm has a market capitalization of $2.37 billion, a PE ratio of 0.89, a price-to-earnings-growth ratio of 32.38 and a beta of 0.91. 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 quick ratio of 1.17 and a current ratio of 1.18.

New York Community Bancorp (NYSE:NYCB - Get Free Report) last released its earnings results on Wednesday, January 31st. The financial services provider reported ($0.27) EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $935.90 million. During the same quarter in the previous year, the firm earned $0.25 earnings per share.

New York Community Bancorp Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.73%. New York Community Bancorp's payout ratio is currently 6.01%.

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.