Handelsbanken Fonder AB Has $976,000 Stake in New York Community Bancorp, Inc. (NYSE:NYCB)

Posted by Defense World Staff on May 5th, 2023

Handelsbanken Fonder AB increased its position in New York Community Bancorp, Inc. (NYSE:NYCB – Get Rating) by 53.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,447 shares of the financial services provider’s stock after purchasing an additional 39,347 shares during the period. Handelsbanken Fonder AB’s holdings in New York Community Bancorp were worth $976,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of NYCB. Spire Wealth Management grew its holdings in New York Community Bancorp by 4.2% during the fourth quarter. Spire Wealth Management now owns 25,823 shares of the financial services provider’s stock worth $222,000 after buying an additional 1,033 shares in the last quarter. Kestra Private Wealth Services LLC grew its holdings in New York Community Bancorp by 4.3% during the fourth quarter. Kestra Private Wealth Services LLC now owns 26,761 shares of the financial services provider’s stock worth $230,000 after buying an additional 1,091 shares in the last quarter. Commerce Bank lifted its holdings in New York Community Bancorp by 7.3% during the third quarter. Commerce Bank now owns 17,920 shares of the financial services provider’s stock worth $153,000 after acquiring an additional 1,224 shares during the period. Inspire Investing LLC lifted its holdings in New York Community Bancorp by 4.4% during the third quarter. Inspire Investing LLC now owns 29,329 shares of the financial services provider’s stock worth $250,000 after acquiring an additional 1,225 shares during the period. Finally, Herold Advisors Inc. lifted its holdings in New York Community Bancorp by 7.8% during the third quarter. Herold Advisors Inc. now owns 19,636 shares of the financial services provider’s stock worth $167,000 after acquiring an additional 1,418 shares during the period. 63.17% of the stock is currently owned by institutional investors.

New York Community Bancorp Trading Down 3.0 %

NYSE NYCB opened at $9.50 on Friday. The stock’s fifty day moving average price is $8.72 and its 200-day moving average price is $9.03. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 2.08. The stock has a market cap of $6.86 billion, a P/E ratio of 2.49, a P/E/G ratio of 0.77 and a beta of 1.06. New York Community Bancorp, Inc. has a 12 month low of $5.81 and a 12 month high of $11.02.

New York Community Bancorp (NYSE:NYCB – Get Rating) last announced its quarterly earnings data on Friday, April 28th. The financial services provider reported $0.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.23. New York Community Bancorp had a net margin of 49.74% and a return on equity of 8.25%. The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $623.11 million. During the same period in the previous year, the business earned $0.32 EPS. The firm’s revenue for the quarter was up 666.8% on a year-over-year basis. As a group, equities analysts forecast that New York Community Bancorp, Inc. will post 1.27 EPS for the current fiscal year.

New York Community Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 18th. Investors of record on Monday, May 8th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, May 5th. This represents a $0.68 dividend on an annualized basis and a yield of 7.16%. New York Community Bancorp’s dividend payout ratio (DPR) is 17.85%.

Analyst Ratings Changes

NYCB has been the subject of several research reports. Bank of America increased their price objective on New York Community Bancorp from $8.00 to $10.00 and gave the company a “buy” rating in a report on Tuesday, April 4th. JPMorgan Chase & Co. reduced their target price on New York Community Bancorp from $10.50 to $9.00 in a report on Thursday, April 6th. Wedbush raised shares of New York Community Bancorp from a “neutral” rating to an “outperform” rating in a research note on Monday, March 20th. Keefe, Bruyette & Woods upgraded shares of New York Community Bancorp from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $10.00 to $11.00 in a research note on Monday, March 20th. Finally, Morgan Stanley decreased their price target on shares of New York Community Bancorp from $10.50 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $10.54.

Insider Buying and Selling

In other New York Community Bancorp news, Director Ronald A. Rosenfeld bought 30,800 shares of New York Community Bancorp stock in a transaction on Monday, February 6th. The stock was acquired at an average cost of $24.57 per share, with a total value of $756,756.00. Following the completion of the acquisition, the director now owns 30,800 shares in the company, valued at $756,756. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Ronald A. Rosenfeld purchased 30,800 shares of the company’s stock in a transaction on Monday, February 6th. The stock was acquired at an average cost of $24.57 per share, for a total transaction of $756,756.00. Following the completion of the transaction, the director now directly owns 30,800 shares in the company, valued at approximately $756,756. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Reginald E. Davis sold 4,600 shares of the firm’s stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $9.97, for a total transaction of $45,862.00. Following the sale, the executive vice president now owns 123,033 shares in the company, valued at $1,226,639.01. The disclosure for this sale can be found here. 1.58% of the stock is currently owned by corporate insiders.

New York Community Bancorp Profile

(Get Rating)

New York Community Bancorp, Inc is a bank holding company, which engages in the provision of multi-family loans on non-luxury rent-regulated buildings that feature below-market rents. It also offers financial products and services to individuals and businesses. The company was founded on July 20, 1993 and is headquartered in Westbury, NY.