Creative Planning Has $4.31 Million Stock Position in New York Community Bancorp, Inc. (NYSE:NYCB)

Creative Planning lowered its holdings in New York Community Bancorp, Inc. (NYSE:NYCB) by 10.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 343,240 shares of the financial services provider’s stock after selling 39,932 shares during the quarter. Creative Planning owned 0.07% of New York Community Bancorp worth $4,308,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Captrust Financial Advisors lifted its position in shares of New York Community Bancorp by 57.8% during the 2nd quarter. Captrust Financial Advisors now owns 2,730 shares of the financial services provider’s stock worth $27,000 after buying an additional 1,000 shares during the period. TCI Wealth Advisors Inc. lifted its position in shares of New York Community Bancorp by 52.0% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 4,259 shares of the financial services provider’s stock worth $43,000 after buying an additional 1,457 shares during the period. Quantamental Technologies LLC bought a new position in shares of New York Community Bancorp during the 2nd quarter worth approximately $61,000. Advisory Services Network LLC lifted its position in shares of New York Community Bancorp by 18.1% during the 2nd quarter. Advisory Services Network LLC now owns 6,933 shares of the financial services provider’s stock worth $69,000 after buying an additional 1,063 shares during the period. Finally, FinTrust Capital Advisors LLC lifted its position in shares of New York Community Bancorp by 34.1% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 7,533 shares of the financial services provider’s stock worth $95,000 after buying an additional 1,915 shares during the period. 63.73% of the stock is currently owned by hedge funds and other institutional investors.

NYCB has been the subject of several analyst reports. JPMorgan Chase & Co. upgraded New York Community Bancorp from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $9.50 to $11.50 in a research report on Thursday, August 1st. Sandler O’Neill downgraded New York Community Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 31st. ValuEngine downgraded New York Community Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Royal Bank of Canada downgraded New York Community Bancorp from an “outperform” rating to a “sector perform” rating and set a $13.00 price objective for the company. in a research report on Thursday, October 31st. Finally, B. Riley set a $13.00 price objective on New York Community Bancorp and gave the company a “buy” rating in a research report on Wednesday, July 31st. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $12.60.

NYCB traded up $0.17 during trading on Friday, hitting $12.07. The company’s stock had a trading volume of 59,328 shares, compared to its average volume of 5,234,097. The firm’s 50 day moving average price is $12.73 and its two-hundred day moving average price is $11.35. The company has a quick ratio of 1.30, a current ratio of 1.32 and a debt-to-equity ratio of 2.25. New York Community Bancorp, Inc. has a 12 month low of $8.61 and a 12 month high of $13.79. The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of 15.28, a price-to-earnings-growth ratio of 1.57 and a beta of 0.99.

New York Community Bancorp (NYSE:NYCB) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.19 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. The company had revenue of $260.03 million during the quarter, compared to analysts’ expectations of $255.13 million. New York Community Bancorp had a return on equity of 6.42% and a net margin of 20.96%. The business’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same period last year, the firm earned $0.20 EPS. On average, sell-side analysts forecast that New York Community Bancorp, Inc. will post 0.77 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Monday, November 11th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.68 annualized dividend and a dividend yield of 5.63%. New York Community Bancorp’s dividend payout ratio (DPR) is currently 86.08%.

New York Community Bancorp Company 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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