New York Community Bancorp, Inc. (NYCB) Shares Sold by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC reduced its stake in New York Community Bancorp, Inc. (NYSE:NYCB) by 4.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,734 shares of the financial services provider’s stock after selling 984 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in New York Community Bancorp were worth $272,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Legal & General Group Plc boosted its stake in shares of New York Community Bancorp by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 2,575,938 shares of the financial services provider’s stock valued at $33,823,000 after purchasing an additional 39,629 shares in the last quarter. Bank of New York Mellon Corp boosted its position in New York Community Bancorp by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 6,260,906 shares of the financial services provider’s stock worth $82,205,000 after buying an additional 96,814 shares during the period. Daiwa Securities Group Inc. boosted its position in New York Community Bancorp by 12.6% during the 1st quarter. Daiwa Securities Group Inc. now owns 13,400 shares of the financial services provider’s stock worth $187,000 after buying an additional 1,500 shares during the period. Brookstone Capital Management acquired a new stake in New York Community Bancorp during the 2nd quarter worth approximately $288,000. Finally, Girard Partners LTD. boosted its position in New York Community Bancorp by 4.1% during the 2nd quarter. Girard Partners LTD. now owns 30,305 shares of the financial services provider’s stock worth $398,000 after buying an additional 1,205 shares during the period. Institutional investors own 57.50% of the company’s stock.

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Several research firms recently commented on NYCB. BidaskClub downgraded shares of New York Community Bancorp from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Piper Jaffray Companies set a $11.00 target price on shares of New York Community Bancorp and gave the stock a “sell” rating in a research report on Thursday, August 17th. ValuEngine downgraded shares of New York Community Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Morgan Stanley lifted their target price on shares of New York Community Bancorp from $13.50 to $14.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 6th. Finally, Zacks Investment Research upgraded shares of New York Community Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Three equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $14.03.

New York Community Bancorp, Inc. (NYSE NYCB) opened at 11.97 on Tuesday. New York Community Bancorp, Inc. has a 12 month low of $11.67 and a 12 month high of $17.68. The firm has a market cap of $5.85 billion, a P/E ratio of 13.03 and a beta of 0.59. The stock has a 50 day moving average of $12.39 and a 200-day moving average of $13.25.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. The firm had revenue of $338.21 million during the quarter, compared to analyst estimates of $326.36 million. New York Community Bancorp had a return on equity of 7.46% and a net margin of 25.67%. During the same quarter in the prior year, the firm posted $0.26 earnings per share. Equities research analysts predict that New York Community Bancorp, Inc. will post $0.79 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Monday, August 7th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.68%. The ex-dividend date of this dividend was Thursday, August 3rd. New York Community Bancorp’s dividend payout ratio (DPR) is presently 73.91%.

About New York Community Bancorp

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.

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

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