Cookson Peirce & Co. Inc. lifted its holdings in shares of New York Community Bancorp, Inc. (NYSE:NYCB – Free Report) by 21.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,650 shares of the financial services provider’s stock after buying an additional 2,264 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in New York Community Bancorp were worth $143,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the business. Point72 Hong Kong Ltd acquired a new position in New York Community Bancorp during the second quarter valued at approximately $27,000. Lazard Asset Management LLC acquired a new position in New York Community Bancorp during the fourth quarter valued at approximately $29,000. Authentikos Wealth Advisory LLC acquired a new position in New York Community Bancorp during the third quarter valued at approximately $35,000. Point72 Asset Management L.P. bought a new position in New York Community Bancorp in the second quarter valued at approximately $35,000. Finally, Retirement Group LLC bought a new position in New York Community Bancorp in the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 67.52% of the company’s stock.
New York Community Bancorp Trading Down 0.7 %
NYCB stock opened at $10.37 on Wednesday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.09 and a current ratio of 1.12. The company’s 50-day simple moving average is $10.07 and its 200 day simple moving average is $10.87. New York Community Bancorp, Inc. has a 52 week low of $5.81 and a 52 week high of $14.22. The company has a market capitalization of $7.49 billion, a PE ratio of 2.60, a price-to-earnings-growth ratio of 0.78 and a beta of 1.10.
New York Community Bancorp Cuts Dividend
Insider Activity at New York Community Bancorp
In related news, EVP Reginald E. Davis sold 11,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $9.84, for a total value of $108,240.00. Following the transaction, the executive vice president now directly owns 70,416 shares in the company, valued at $692,893.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.62% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
NYCB has been the topic of a number of research reports. Jefferies Financial Group cut their price target on shares of New York Community Bancorp from $15.00 to $12.00 in a research note on Tuesday, October 10th. Raymond James cut their price objective on shares of New York Community Bancorp from $17.00 to $14.00 and set a “strong-buy” rating on the stock in a research report on Friday, October 27th. StockNews.com raised shares of New York Community Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, January 22nd. Morgan Stanley cut their price objective on shares of New York Community Bancorp from $12.00 to $10.50 and set an “equal weight” rating on the stock in a research report on Monday, December 4th. Finally, Keefe, Bruyette & Woods lowered shares of New York Community Bancorp from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $14.00 to $12.00 in a research report on Monday, December 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $12.35.
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.
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