SG Americas Securities LLC Increases Stake in New York Community Bancorp, Inc. (NYCB)

Share on StockTwits

SG Americas Securities LLC grew its holdings in New York Community Bancorp, Inc. (NYSE:NYCB) by 17.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 252,294 shares of the financial services provider’s stock after buying an additional 36,579 shares during the quarter. SG Americas Securities LLC owned approximately 0.05% of New York Community Bancorp worth $2,374,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Rhumbline Advisers increased its holdings in shares of New York Community Bancorp by 43.8% during the 4th quarter. Rhumbline Advisers now owns 1,271,487 shares of the financial services provider’s stock worth $11,965,000 after acquiring an additional 387,173 shares during the last quarter. Kahn Brothers Group Inc. DE increased its holdings in shares of New York Community Bancorp by 9.5% during the 4th quarter. Kahn Brothers Group Inc. DE now owns 4,327,379 shares of the financial services provider’s stock worth $40,721,000 after acquiring an additional 375,473 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of New York Community Bancorp by 1.1% during the 4th quarter. Arizona State Retirement System now owns 351,936 shares of the financial services provider’s stock worth $3,312,000 after acquiring an additional 3,755 shares during the last quarter. Mondrian Investment Partners LTD increased its holdings in shares of New York Community Bancorp by 11.5% during the 4th quarter. Mondrian Investment Partners LTD now owns 6,688,679 shares of the financial services provider’s stock worth $62,940,000 after acquiring an additional 691,105 shares during the last quarter. Finally, Camarda Financial Advisors LLC acquired a new position in shares of New York Community Bancorp during the 4th quarter worth approximately $1,949,000. Institutional investors own 67.40% of the company’s stock.

NYCB has been the subject of several recent research reports. UBS Group upgraded New York Community Bancorp from a “neutral” rating to a “buy” rating and boosted their price target for the company from $10.00 to $15.00 in a research note on Wednesday, February 6th. Zacks Investment Research restated a “sell” rating on shares of New York Community Bancorp in a research note on Wednesday, November 14th. Piper Jaffray Companies upgraded New York Community Bancorp from an “underweight” rating to a “neutral” rating and reduced their price target for the company from $10.00 to $9.00 in a research note on Friday, October 26th. Credit Suisse Group restated a “hold” rating and issued a $11.00 price target on shares of New York Community Bancorp in a research note on Monday, January 7th. Finally, TheStreet upgraded New York Community Bancorp from a “c” rating to a “b-” rating in a research note on Wednesday, January 30th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.05.

NYSE:NYCB opened at $11.98 on Monday. The firm has a market cap of $5.87 billion, a PE ratio of 15.16, a P/E/G ratio of 1.50 and a beta of 0.95. The company has a quick ratio of 1.37, a current ratio of 1.35 and a debt-to-equity ratio of 2.31. New York Community Bancorp, Inc. has a fifty-two week low of $8.61 and a fifty-two week high of $14.53.

New York Community Bancorp (NYSE:NYCB) last released its earnings results on Wednesday, January 30th. The financial services provider reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. The firm had revenue of $270.31 million during the quarter, compared to the consensus estimate of $270.24 million. New York Community Bancorp had a return on equity of 6.76% and a net margin of 23.72%. During the same period in the prior year, the company posted $0.26 EPS. On average, research analysts expect that New York Community Bancorp, Inc. will post 0.8 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 26th. Stockholders of record on Tuesday, February 12th will be given a dividend of $0.17 per share. The ex-dividend date is Monday, February 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.68%. New York Community Bancorp’s payout ratio is 86.08%.

TRADEMARK VIOLATION NOTICE: “SG Americas Securities LLC Increases Stake in New York Community Bancorp, Inc. (NYCB)” was originally published by Ticker Report and is the property of of Ticker Report. If you are reading this piece on another website, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this piece can be read at https://www.tickerreport.com/banking-finance/4143483/sg-americas-securities-llc-increases-stake-in-new-york-community-bancorp-inc-nycb.html.

New York Community Bancorp Profile

New York Community Bancorp, Inc operates as a holding company for New York Community Bank and New York Commercial Bank that offer banking products and financial services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company offers various deposit products that include checking and savings accounts, individual retirement accounts, certificates of deposit, NOW and money market accounts, and non-interest-bearing accounts.

Featured Story: Why is the conference call important?

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)

Receive News & Ratings for New York Community Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Community Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Dupont Capital Management Corp Buys Shares of 6,975 Healthcare Services Group, Inc.
Dupont Capital Management Corp Buys Shares of 6,975 Healthcare Services Group, Inc.
4,931 Shares in Healthequity Inc  Purchased by Dupont Capital Management Corp
4,931 Shares in Healthequity Inc Purchased by Dupont Capital Management Corp
Parkside Financial Bank & Trust Grows Holdings in DowDuPont Inc
Parkside Financial Bank & Trust Grows Holdings in DowDuPont Inc
Oppenheimer Asset Management Inc. Takes $87,000 Position in Mohawk Industries, Inc.
Oppenheimer Asset Management Inc. Takes $87,000 Position in Mohawk Industries, Inc.
Oppenheimer Asset Management Inc. Sells 2,185 Shares of Concho Resources Inc
Oppenheimer Asset Management Inc. Sells 2,185 Shares of Concho Resources Inc
Oppenheimer Asset Management Inc. Sells 9,449 Shares of EQM Midstream Partners LP
Oppenheimer Asset Management Inc. Sells 9,449 Shares of EQM Midstream Partners LP


Leave a Reply

© 2006-2019 Ticker Report