New York Community Bancorp, (NYCB) Stake Increased by Texas Permanent School Fund

(NYSE:NYCB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. Mn Services Vermogensbeheer B.V. has an ownership of 12,989 stocks of the financial services provider's shares valued $170,000 after scooping up an extra 506 shares through out the quarter. Edwards & Company Inc.'s holdings in New York Community Bancorp were worth $430,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Pacer Advisors boosted its position in New York Community Bancorp by 3.1% in the Q1. The investment company owned 357,061 stocks of the financial services provider's shares after purchasing an extra 3,412 shares through out the quarter. Quantbot Technologies LP purchased a new stake in New York Community Bancorp during the first quarter worth approximately $140,000. Pacer Advisors has an ownership of 9,389 stocks of the financial services provider's shares valued $131,000 after scooping up an extra 284 stocks in the previous period.

Kempen Capital Management N.v. reports that it increased its position in New York Community Bancorp, Inc stock by 10.7% in the last quarter. Finally, Capstone Asset Management Co. raised its position in shares of New York Community Bancorp by 2.3% in the first quarter. Bank of New York Mellon Corp now owns 6,164,092 shares of the financial services provider's stock worth $86,111,000 after buying an additional 248,015 shares during the period.

New York Community Bancorp, Inc. had its "equal-weight" rating reiterated by analysts at Morgan Stanley. Forte Capital LLC ADV now owns 27,765 shares of the financial services provider's stock worth $388,000 after buying an additional 1,050 shares during the period. Mutual Of America Cap Limited Liability, a New York-based fund reported 376,659 shares. (NYSE:NYCB) shares closed down -1.91% to finish at $12.31. The stock had a trading volume of 4,009,044 shares.

The company is now down since yesterday's close of $12.31. The firm has a market capitalization of $5.98 billion, a P/E ratio of 13.30 and a beta of 0.58. Additionally New York Community Bancorp, Inc announced a dividend that will be paid on Fri Aug 18, 2017.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings results on Wednesday, July 26th. Analysts expect next quarter's EPS will be $0.19 with next year's EPS projected to be $0.87. New York Community Bancorp had a return on equity of 7.46% and a net margin of 25.67%. The firm had revenue of $338.21 million for the quarter, compared to analyst estimates of $326.36 million. During the same quarter a year ago, the company earned $0.26 earnings per share. Analysts anticipate that New York Community Bancorp, Inc. will post $0.83 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. The dividend payment will be $0.170 per share for the quarter or $0.68 on an annualized basis. The ex-dividend date will be Thursday August 3rd, 2017. Rhumbline Advisers invested 0.04% in New York Community Bancorp, Inc. The Firm operates through its subsidiaries, New York Community Bank and New York Commercial Bank (the Commercial Bank) (collectively, the Banks). "(NYCB) Stake Raised by World Asset Management Inc" was first published by Markets Daily and is owned by of Markets Daily. If you are reading this story on another site, it was copied illegally and reposted in violation of US and worldwide copyright law.

Several research firms have issued reports on NYCB. BidaskClub downgraded shares of New York Community Bancorp from a "sell" rating to a "strong sell" rating in a research note on Thursday. ValuEngine lowered shares of New York Community Bancorp from a "buy" rating to a "hold" rating in a research note on Friday, June 2nd.

Shares are trading at $12.31 much lower than $12.98, the stock's 50 day moving average and which is significantly below the 200 day moving average of $13.75. New York Community Bancorp presently has an average rating of "Hold" and an average target price of $14.46. Two investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company's stock. New York Community Bancorp has an average rating of "Hold" and an average price target of $14.46.

New York Community Bancorp, Inc is a multi-bank holding company.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.