Dimensional Fund Advisors LP Sells 3,004,737 Shares of New York Community Bancorp, Inc. (NYSE:NYCB)

Dimensional Fund Advisors LP decreased its stake in shares of New York Community Bancorp, Inc. (NYSE:NYCB - Free Report) by 9.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 28,848,154 shares of the financial services provider's stock after selling 3,004,737 shares during the period. Dimensional Fund Advisors LP owned 3.99% of New York Community Bancorp worth $295,126,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Orion Capital Management LLC bought a new stake in New York Community Bancorp in the 3rd quarter valued at about $28,000. Loomis Sayles & Co. L P bought a new stake in New York Community Bancorp during the third quarter worth $29,000. Naples Money Management LLC acquired a new position in shares of New York Community Bancorp during the 4th quarter worth $30,000. Authentikos Wealth Advisory LLC acquired a new stake in New York Community Bancorp in the third quarter valued at about $35,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in New York Community Bancorp in the fourth quarter valued at about $40,000. Institutional investors own 67.88% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on NYCB shares. TheStreet cut shares of New York Community Bancorp from a "b-" rating to a "c+" rating in a report on Monday, February 5th. Barclays began coverage on shares of New York Community Bancorp in a research note on Friday, March 8th. They issued an "equal weight" rating and a $4.00 price objective for the company. Piper Sandler raised shares of New York Community Bancorp from a "neutral" rating to an "overweight" rating and set a $4.00 target price on the stock in a research note on Wednesday, May 1st. Royal Bank of Canada dropped their price target on New York Community Bancorp from $5.00 to $4.00 and set a "sector perform" rating for the company in a research note on Tuesday, April 9th. Finally, Jefferies Financial Group lowered New York Community Bancorp from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $13.00 to $7.00 in a research report on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $5.39.

Insider Activity

In other news, Director Marshall Lux acquired 27,100 shares of New York Community Bancorp stock in a transaction dated Thursday, March 21st. The shares were bought at an average cost of $3.69 per share, with a total value of $99,999.00. Following the purchase, the director now owns 64,872 shares in the company, valued at approximately $239,377.68. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.62% of the company's stock.

New York Community Bancorp Trading Up 7.2 %

Shares of New York Community Bancorp stock traded up $0.25 during midday trading on Monday, reaching $3.70. The company had a trading volume of 17,188,556 shares, compared to its average volume of 33,069,172. The firm has a market cap of $2.95 billion, a PE ratio of 365.00 and a beta of 0.95. The stock has a fifty day moving average price of $3.28 and a 200 day moving average price of $6.74. 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 fifty-two week low of $1.70 and a fifty-two week high of $14.22.

New York Community Bancorp (NYSE:NYCB - Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The financial services provider reported ($0.25) EPS for the quarter, beating analysts' consensus estimates of ($0.26) by $0.01. New York Community Bancorp had a net margin of 0.62% and a return on equity of 2.78%. The company had revenue of $633.00 million for the quarter, compared to analyst estimates of $776.81 million. During the same period in the prior year, the firm posted $0.23 EPS. The company's quarterly revenue was down 76.1% on a year-over-year basis. On average, equities analysts anticipate that New York Community Bancorp, Inc. will post -0.48 earnings per share for the current year.

New York Community Bancorp Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, June 7th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Thursday, June 6th. New York Community Bancorp's dividend payout ratio is currently 2,000.00%.

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.