New York Community Bancorp, Inc. (NYCB) Shares Bought by Meadow Creek Investment Management LLC

Meadow Creek Investment Management LLC boosted its position in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 25.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 51,524 shares of the financial services provider’s stock after purchasing an additional 10,318 shares during the period. Meadow Creek Investment Management LLC’s holdings in New York Community Bancorp were worth $671,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NYCB. Nationwide Fund Advisors grew its holdings in shares of New York Community Bancorp by 1.6% during the 3rd quarter. Nationwide Fund Advisors now owns 868,455 shares of the financial services provider’s stock valued at $11,194,000 after acquiring an additional 13,860 shares in the last quarter. New York State Common Retirement Fund grew its holdings in shares of New York Community Bancorp by 8.5% during the 3rd quarter. New York State Common Retirement Fund now owns 1,157,400 shares of the financial services provider’s stock valued at $14,919,000 after acquiring an additional 90,700 shares in the last quarter. Toronto Dominion Bank grew its holdings in shares of New York Community Bancorp by 245.2% during the 3rd quarter. Toronto Dominion Bank now owns 20,654 shares of the financial services provider’s stock valued at $266,000 after acquiring an additional 14,670 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of New York Community Bancorp by 3.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,496,698 shares of the financial services provider’s stock valued at $83,743,000 after acquiring an additional 235,792 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of New York Community Bancorp during the 3rd quarter valued at $374,000. Hedge funds and other institutional investors own 60.17% of the company’s stock.

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Shares of NYCB stock opened at $13.01 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.05. New York Community Bancorp, Inc. has a 52 week low of $11.67 and a 52 week high of $14.53. The stock has a market cap of $6,608.09, a price-to-earnings ratio of 14.46, a P/E/G ratio of 1.57 and a beta of 0.65.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. New York Community Bancorp had a net margin of 25.91% and a return on equity of 6.81%. The business had revenue of $296.32 million during the quarter, compared to analyst estimates of $300.29 million. research analysts forecast that New York Community Bancorp, Inc. will post 0.86 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 5.23%. The ex-dividend date was Monday, February 12th. New York Community Bancorp’s payout ratio is presently 75.56%.

Several research firms have recently commented on NYCB. Zacks Investment Research cut shares of New York Community Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, December 20th. ValuEngine upgraded shares of New York Community Bancorp from a “hold” rating to a “buy” rating in a report on Friday, December 1st. TheStreet cut shares of New York Community Bancorp from a “b-” rating to a “c+” rating in a report on Tuesday, January 16th. Barclays boosted their price target on shares of New York Community Bancorp from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. Finally, Royal Bank of Canada began coverage on shares of New York Community Bancorp in a report on Thursday, December 21st. They set a “sector perform” rating and a $13.00 price target on the stock. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $13.19.

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New York Community Bancorp 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.

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

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