New York Community Bancorp, Inc. (NYCB) Stake Lifted by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 0.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,374 shares of the financial services provider’s stock after acquiring an additional 22 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in New York Community Bancorp were worth $937,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. lifted its holdings in shares of New York Community Bancorp by 3.1% during the 1st quarter. Pacer Advisors Inc. now owns 9,389 shares of the financial services provider’s stock worth $131,000 after acquiring an additional 284 shares during the period. Sigma Planning Corp purchased a new position in shares of New York Community Bancorp during the 2nd quarter worth about $135,000. BB&T Securities LLC purchased a new position in shares of New York Community Bancorp during the 2nd quarter worth about $135,000. Hartford Investment Management Co. purchased a new position in shares of New York Community Bancorp during the 2nd quarter worth about $138,000. Finally, Quantbot Technologies LP purchased a new position in New York Community Bancorp in the first quarter valued at approximately $140,000. Institutional investors and hedge funds own 57.50% of the company’s stock.

Shares of New York Community Bancorp, Inc. (NYCB) opened at 12.23 on Wednesday. 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 $5.98 billion, a P/E ratio of 13.31 and a beta of 0.59. The firm has a 50-day moving average of $12.37 and a 200 day moving average of $13.24.

New York Community Bancorp (NYSE:NYCB) last posted its earnings results on Wednesday, July 26th. The financial services provider reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.03. New York Community Bancorp had a return on equity of 7.46% and a net margin of 25.67%. The firm had revenue of $338.21 million during the quarter, compared to analyst estimates of $326.36 million. During the same period in the previous year, the company earned $0.26 EPS. On average, equities research analysts anticipate that New York Community Bancorp, Inc. will post $0.79 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Monday, August 7th were issued a $0.17 dividend. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $0.68 annualized dividend and a yield of 5.56%. New York Community Bancorp’s dividend payout ratio (DPR) is currently 73.91%.

Several research firms recently commented on NYCB. BidaskClub upgraded shares of New York Community Bancorp from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Zacks Investment Research upgraded shares of New York Community Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Morgan Stanley restated an “equal weight” rating and issued a $13.75 price target (down previously from $14.00) on shares of New York Community Bancorp in a report on Friday, July 7th. Piper Jaffray Companies set a $11.00 price target on shares of New York Community Bancorp and gave the company a “sell” rating in a report on Thursday, August 17th. Finally, ValuEngine lowered shares of New York Community Bancorp from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Three analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. New York Community Bancorp presently has an average rating of “Hold” and an average price target of $13.61.

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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.

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

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