AE Wealth Administration LLC diminished its stake in shares of New York Group Bancorp, Inc. (NYSE:NYCB – Get Score ) by 30.1% through the 4th quarter, in line with its most up-to-date 13F submitting with the Securities & Change Fee. The fund owned 28,809 shares of the monetary providers supplier’s inventory after promoting 12,386 shares through the quarter. AE Wealth Administration LLC’s holdings in New York Group Bancorp had been value $248,000 on the finish of the newest quarter.
The golden catalyst we have been ready for (From Stansberry Analysis)
Various different institutional traders and hedge funds additionally not too long ago made adjustments to their positions in NYCB. Bessemer Group Inc. bought a brand new place in New York Group Bancorp through the third quarter valued at $25,000. TFC Monetary Administration purchased a brand new place in shares of New York Group Bancorp through the third quarter value about $26,000. Point72 Hong Kong Ltd purchased a brand new place in shares of New York Group Bancorp through the 2nd quarter value about $27,000. Quadrant Capital Group LLC raised its stake in New York Group Bancorp by 181.0% within the third quarter. Quadrant Capital Group LLC now owns 3,347 shares of the monetary providers supplier’s inventory valued at $29,000 after buying an extra 2,156 shares through the interval. Lastly, TCI Wealth Advisors Inc. grew its stake in New York Group Bancorp by 48.4% through the third quarter. Now TCI Wealth Advisors Inc. owns 5,752 shares of the monetary providers supplier’s inventory valued at $49,000 after buying an extra 1,877 shares within the final quarter. Institutional traders personal 63.17% of the corporate’s shares.
New York Group Bancorp commerce rose 2.8%
Shares of New York Group Bancorp inventory traded up $0.24 throughout mid-day buying and selling on Friday, reaching $8.85. The corporate had a buying and selling quantity of 9,387,024 shares in comparison with its common quantity of 14,622,949 shares. The agency has a market cap of $6.04 billion, a PE ratio of 6.89, a P/E/G ratio of 0.82 and a beta of 1.06. The fifty day shifting common is $9.04 and the 200 day shifting common is $9.03. The corporate has a debt-to-equity ratio of two.56, a present ratio of 1.22, and a fast ratio of 1.20. New York Group Bancorp, Inc. has a fifty-two week low of $5.81 and a fifty-two week excessive of $11.18.
New York Group Bancorp (NYSE:NYCB – Get Score ) final posted its earnings outcomes on Tuesday, January thirty first. The monetary providers supplier reported $0.25 EPS for the quarter, lacking analysts’ consensus estimates of $0.27 by ($0.02). The corporate had income of $577.00 million for the quarter, in comparison with the consensus estimate of $410.71 million. New York Group Bancorp had a return on fairness of 9.32% and a internet margin of 27.79%. On common, equities analysts anticipate that New York Group Bancorp, Inc. will put up 1.14 earnings per share for the present yr.
New York Group Bancorp Declares Dividend
The corporate additionally not too long ago introduced a quarterly dividend, which was paid on Thursday, February sixteenth. Traders of report on Monday, February sixth got a dividend of $0.17 per share. The ex-dividend date was Friday, February third. This quantities to $0.68 in annualized dividends and a dividend yield of seven.68%. New York Group Bancorp presently has a payout ratio of 54.40%.
Insider shopping for and promoting
In different New York Group Bancorp information, EVP Reginald E. Davis offered 4,600 shares of New York Group Bancorp inventory in a transaction on Tuesday, February seventh. The shares had been offered at a mean value of $9.97 for a complete quantity of $45,862.00. Following the completion of the sale, the chief vp now immediately owns 123,033 shares within the firm, valued at $1,226,639.01. The transaction was disclosed in a authorized submitting with the SEC, which is on the market on the SEC’s web site. In associated information, EVP Reginald E. Davis offered 4,600 shares of New York Group Bancorp inventory in a transaction on Tuesday, February seventh. The shares had been offered at a mean value of $9.97 for a complete quantity of $45,862.00. Following the completion of the sale, the chief vp now owns 123,033 shares within the firm, valued at roughly $1,226,639.01. The transaction was disclosed in a authorized submitting with the SEC, which is on the market on the SEC’s web site. Additionally, Director Marshall Lux acquired 5,000 shares of the inventory in a transaction on Friday, February third. The shares had been bought at a mean value of $10.05 per share, for a complete transaction quantity of $50,250.00. Following the acquisition, the director now owns 17,000 shares within the firm, valued at roughly $170,850. Disclosures for this buy could be discovered right here. 1.58% of shares are owned by insiders.
Analysts set new value targets
Various brokerages not too long ago weighed in on NYCB. StockNews.com started protection on New York Group Bancorp in a analysis be aware on Thursday, March sixteenth. They set a “maintain” score on the inventory. UBS Group boosted their value goal on shares of New York Group Bancorp from $10.00 to $11.50 and gave the inventory a “purchase” score in a analysis report on Tuesday. Credit score Suisse Group boosted their value goal on shares of New York Group Bancorp from $10.00 to $11.00 and gave the corporate a “impartial” score in a analysis report on Tuesday. Stephens upgraded shares of New York Group Bancorp from an “underweight” score to an “equal weight” score and set a $8.50 goal value on the inventory in a analysis report on Friday, December ninth. Lastly, Piper Sandler lower their value goal on New York Group Bancorp from $14.00 to $11.00 and set an “obese” score for the corporate in a analysis report on Monday, December fifth. Six funding analysts have rated the inventory with a maintain score, 5 have issued a purchase score and one has issued a powerful purchase score to the inventory. New York Group Bancorp presently has a consensus score of “Reasonable Purchase” and a consensus value goal of $10.50, based mostly on knowledge from MarketBeat.
Profile of New York Group Bancorp
(Get Score)
New York Group Bancorp, Inc. is a financial institution holding firm that gives multifamily loans for the development of buildings that aren’t rent-regulated and have below-market rents. It additionally provides monetary services to people and companies. The corporate was based on July 20, 1993 and is headquartered in Westbury, New York.
Learn extra
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