Aperio Group LLC Acquires 70,995 Shares of New York Community Bancorp, Inc. (NYCB)

Aperio Group LLC raised its stake in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 97.4% during the second quarter, Holdings Channel reports. The institutional investor owned 143,877 shares of the financial services provider’s stock after buying an additional 70,995 shares during the period. Aperio Group LLC’s holdings in New York Community Bancorp were worth $1,889,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in NYCB. FMR LLC raised its position in New York Community Bancorp by 172.4% in the fourth quarter. FMR LLC now owns 291,200 shares of the financial services provider’s stock valued at $4,633,000 after buying an additional 184,300 shares in the last quarter. Macquarie Group Ltd. boosted its stake in shares of New York Community Bancorp by 18.6% in the fourth quarter. Macquarie Group Ltd. now owns 15,300 shares of the financial services provider’s stock valued at $244,000 after buying an additional 2,400 shares during the last quarter. Gulf International Bank UK Ltd boosted its stake in shares of New York Community Bancorp by 2.1% in the first quarter. Gulf International Bank UK Ltd now owns 138,557 shares of the financial services provider’s stock valued at $1,935,000 after buying an additional 2,900 shares during the last quarter. Capstone Asset Management Co. boosted its stake in shares of New York Community Bancorp by 2.3% in the first quarter. Capstone Asset Management Co. now owns 42,587 shares of the financial services provider’s stock valued at $595,000 after buying an additional 960 shares during the last quarter. Finally, BLB&B Advisors LLC boosted its stake in shares of New York Community Bancorp by 0.6% in the first quarter. BLB&B Advisors LLC now owns 62,203 shares of the financial services provider’s stock valued at $869,000 after buying an additional 392 shares during the last quarter. 58.67% of the stock is currently owned by institutional investors.

New York Community Bancorp, Inc. (NYCB) traded down 1.27% during midday trading on Thursday, hitting $12.39. 1,354,611 shares of the stock traded hands. New York Community Bancorp, Inc. has a 52-week low of $12.35 and a 52-week high of $17.68. The firm’s 50-day moving average is $12.98 and its 200-day moving average is $13.75. The company has a market cap of $6.06 billion, a price-to-earnings ratio of 13.50 and a beta of 0.58.

New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.03. New York Community Bancorp had a net margin of 25.67% and a return on equity of 7.46%. The business had revenue of $338.21 million for the quarter, compared to analysts’ expectations of $326.36 million. During the same quarter in the previous year, the business posted $0.26 earnings per share. Analysts predict that New York Community Bancorp, Inc. will post $0.83 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Monday, August 7th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date of this dividend is Thursday, August 3rd. New York Community Bancorp’s dividend payout ratio (DPR) is 73.91%.

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Several equities research analysts have weighed in on NYCB shares. Keefe, Bruyette & Woods reissued a “hold” rating and set a $13.50 price target on shares of New York Community Bancorp in a research report on Wednesday, April 26th. FBR & Co dropped their price target on shares of New York Community Bancorp from $13.00 to $12.00 and set an “underperform” rating for the company in a research report on Thursday, April 27th. ValuEngine raised shares of New York Community Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, May 11th. Morgan Stanley increased their price target on shares of New York Community Bancorp from $13.50 to $14.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 6th. Finally, BidaskClub raised shares of New York Community Bancorp from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Two investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $14.46.

New York Community Bancorp Company Profile

New York Community Bancorp, Inc is a multi-bank holding company. The Company operates through its subsidiaries, New York Community Bank (the Community Bank) and New York Commercial Bank (the Commercial Bank) (collectively, the Banks). The Company’s operations are divided into two segments: Banking Operations and Residential Mortgage Banking.

Want to see what other hedge funds are holding NYCB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for New York Community Bancorp, Inc. (NYSE:NYCB).

Institutional Ownership by Quarter for New York Community Bancorp (NYSE:NYCB)

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