Commonwealth Equity Services LLC Has $1.36 Million Position in New York Community Bancorp, Inc. (NYCB)

Commonwealth Equity Services LLC cut its stake in New York Community Bancorp, Inc. (NYSE:NYCB) by 10.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 144,374 shares of the financial services provider’s stock after selling 17,649 shares during the period. Commonwealth Equity Services LLC’s holdings in New York Community Bancorp were worth $1,358,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NYCB. Private Advisor Group LLC boosted its holdings in shares of New York Community Bancorp by 52.7% in the 3rd quarter. Private Advisor Group LLC now owns 24,141 shares of the financial services provider’s stock valued at $250,000 after purchasing an additional 8,331 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of New York Community Bancorp in the 3rd quarter valued at $1,647,000. SG Americas Securities LLC boosted its holdings in shares of New York Community Bancorp by 47.6% in the 3rd quarter. SG Americas Securities LLC now owns 215,715 shares of the financial services provider’s stock valued at $2,237,000 after purchasing an additional 69,571 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of New York Community Bancorp by 2.9% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,470,407 shares of the financial services provider’s stock valued at $15,248,000 after acquiring an additional 40,784 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of New York Community Bancorp by 1.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,696,955 shares of the financial services provider’s stock valued at $17,597,000 after acquiring an additional 31,311 shares in the last quarter. Institutional investors and hedge funds own 64.15% of the company’s stock.

NYSE:NYCB opened at $12.03 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 2.31. The firm has a market cap of $5.62 billion, a P/E ratio of 15.23, a price-to-earnings-growth ratio of 1.50 and a beta of 1.00. New York Community Bancorp, Inc. has a twelve month low of $8.61 and a twelve month high of $14.31.

New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings data on Wednesday, January 30th. The financial services provider reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. New York Community Bancorp had a net margin of 23.72% and a return on equity of 6.76%. The firm had revenue of $270.31 million for the quarter, compared to analyst estimates of $270.24 million. During the same quarter in the previous year, the business posted $0.26 EPS. Sell-side analysts forecast that New York Community Bancorp, Inc. will post 0.8 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 26th. Shareholders of record on Tuesday, February 12th were issued a $0.17 dividend. The ex-dividend date was Monday, February 11th. This represents a $0.68 dividend on an annualized basis and a yield of 5.65%. New York Community Bancorp’s dividend payout ratio is currently 86.08%.

Several equities analysts recently weighed in on NYCB shares. Zacks Investment Research restated a “hold” rating on shares of New York Community Bancorp in a report on Monday, December 31st. Credit Suisse Group restated a “hold” rating and set a $11.00 target price on shares of New York Community Bancorp in a report on Monday, January 7th. UBS Group upgraded shares of New York Community Bancorp from a “sell” rating to a “neutral” rating and lifted their target price for the company from $9.50 to $10.00 in a report on Tuesday, January 8th. Barclays lowered shares of New York Community Bancorp from an “equal weight” rating to an “underweight” rating in a report on Thursday, January 10th. Finally, TheStreet upgraded shares of New York Community Bancorp from a “c” rating to a “b-” rating in a report on Wednesday, January 30th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $11.85.

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About New York Community Bancorp

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.

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

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