Strs Ohio Has $1.34 Million Stock Position in New York Community Bancorp, Inc. (NYSE:NYCB)

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Strs Ohio boosted its stake in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 211.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 131,448 shares of the financial services provider’s stock after buying an additional 89,204 shares during the period. Strs Ohio’s holdings in New York Community Bancorp were worth $1,340,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in NYCB. Norges Bank acquired a new stake in shares of New York Community Bancorp in the fourth quarter valued at approximately $48,734,000. Nuveen Asset Management LLC raised its holdings in shares of New York Community Bancorp by 178.4% in the first quarter. Nuveen Asset Management LLC now owns 3,082,391 shares of the financial services provider’s stock valued at $28,944,000 after purchasing an additional 1,975,143 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of New York Community Bancorp by 36.2% in the first quarter. Russell Investments Group Ltd. now owns 4,985,361 shares of the financial services provider’s stock valued at $47,225,000 after purchasing an additional 1,324,709 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of New York Community Bancorp by 88,797.6% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,103,219 shares of the financial services provider’s stock valued at $11,252,000 after purchasing an additional 1,101,978 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of New York Community Bancorp by 16.6% in the first quarter. Geode Capital Management LLC now owns 5,982,786 shares of the financial services provider’s stock valued at $56,177,000 after purchasing an additional 850,851 shares during the last quarter. Hedge funds and other institutional investors own 61.94% of the company’s stock.

NYCB has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of New York Community Bancorp from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Tuesday, April 14th. B. Riley reiterated a “buy” rating and issued a $14.00 price objective on shares of New York Community Bancorp in a report on Tuesday, June 23rd. Deutsche Bank lifted their price objective on shares of New York Community Bancorp from $10.50 to $11.50 and gave the company a “hold” rating in a report on Thursday. Morgan Stanley boosted their target price on shares of New York Community Bancorp from $10.50 to $11.00 and gave the stock an “underweight” rating in a report on Monday, June 8th. Finally, Wedbush increased their price target on shares of New York Community Bancorp from $12.00 to $12.50 and gave the company a “neutral” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $11.96.

New York Community Bancorp stock opened at $10.53 on Friday. The stock has a market cap of $4.89 billion, a P/E ratio of 13.16, a P/E/G ratio of 1.27 and a beta of 0.94. The company has a quick ratio of 1.36, a current ratio of 1.38 and a debt-to-equity ratio of 2.47. New York Community Bancorp, Inc. has a twelve month low of $8.19 and a twelve month high of $13.79. The company’s 50-day moving average price is $10.15 and its two-hundred day moving average price is $10.42.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.02. The firm had revenue of $281.25 million for the quarter, compared to analysts’ expectations of $276.23 million. New York Community Bancorp had a net margin of 21.57% and a return on equity of 6.43%. During the same period in the prior year, the firm earned $0.19 EPS. Equities analysts anticipate that New York Community Bancorp, Inc. will post 0.85 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 18th. Shareholders of record on Saturday, August 8th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $0.68 annualized dividend and a yield of 6.46%. New York Community Bancorp’s dividend payout ratio is currently 88.31%.

New York Community Bancorp Profile

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

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

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