State Board of Administration of Florida Retirement System Sells 21,697 Shares of New York Community Bancorp, Inc. (NYSE:NYCB)

State Board of Administration of Florida Retirement System cut its holdings in New York Community Bancorp, Inc. (NYSE:NYCB) by 3.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 537,410 shares of the financial services provider’s stock after selling 21,697 shares during the period. State Board of Administration of Florida Retirement System owned 0.12% of New York Community Bancorp worth $6,916,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NYCB. Millennium Management LLC boosted its holdings in New York Community Bancorp by 550.2% in the 2nd quarter. Millennium Management LLC now owns 3,461,241 shares of the financial services provider’s stock worth $38,143,000 after buying an additional 2,928,921 shares during the period. Brandywine Global Investment Management LLC boosted its holdings in New York Community Bancorp by 3,237.9% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 2,695,860 shares of the financial services provider’s stock worth $29,708,000 after buying an additional 2,615,095 shares during the period. Dimensional Fund Advisors LP boosted its holdings in New York Community Bancorp by 16.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 17,189,026 shares of the financial services provider’s stock valued at $189,422,000 after purchasing an additional 2,405,190 shares during the period. Renaissance Technologies LLC bought a new position in New York Community Bancorp in the 2nd quarter valued at $22,369,000. Finally, Marshall Wace North America L.P. boosted its holdings in New York Community Bancorp by 198.6% in the 2nd quarter. Marshall Wace North America L.P. now owns 1,947,903 shares of the financial services provider’s stock valued at $21,465,000 after purchasing an additional 1,295,456 shares during the period. 62.32% of the stock is owned by institutional investors.

Separately, Zacks Investment Research downgraded shares of New York Community Bancorp from a “buy” rating to a “hold” rating and set a $14.50 price target for the company. in a report on Monday, October 11th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $13.44.

New York Community Bancorp stock opened at $13.26 on Friday. The firm’s fifty day moving average price is $12.39 and its 200-day moving average price is $12.39. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market cap of $6.17 billion, a P/E ratio of 10.36, a price-to-earnings-growth ratio of 1.03 and a beta of 0.97. New York Community Bancorp, Inc. has a fifty-two week low of $10.28 and a fifty-two week high of $14.33.

New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings data on Tuesday, October 26th. The financial services provider reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). The company had revenue of $318.00 million for the quarter, compared to analysts’ expectations of $346.15 million. New York Community Bancorp had a net margin of 36.25% and a return on equity of 9.38%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 EPS. On average, analysts predict that New York Community Bancorp, Inc. will post 1.24 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 16th. Stockholders of record on Saturday, November 6th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 5.13%. The ex-dividend date of this dividend was Thursday, November 4th. New York Community Bancorp’s dividend payout ratio (DPR) is currently 53.13%.

New York Community Bancorp Company Profile

New York Community Bancorp, Inc is a bank holding company, which engages in the provision of multi-family loans on non-luxury rent-regulated buildings that feature below-market rents. It also offers financial products and services to individuals and businesses. The company was founded on July 20, 1993 and is headquartered in Westbury, NY.

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

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