New York Community Bancorp, Inc. (NYCB) Stake Boosted by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. boosted its stake in New York Community Bancorp, Inc. (NYSE:NYCB) by 68.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,730 shares of the financial services provider’s stock after buying an additional 13,355 shares during the period. Benjamin F. 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 also recently modified their holdings of NYCB. FMR LLC boosted its position in shares of New York Community Bancorp by 172.4% in the fourth quarter. FMR LLC now owns 291,200 shares of the financial services provider’s stock worth $4,633,000 after buying an additional 184,300 shares in the last quarter. Macquarie Group Ltd. boosted its stake in shares of New York Community Bancorp by 18.6% in the fourth quarter. Macquarie Group Ltd. now owns 15,300 shares of the financial services provider’s stock worth $244,000 after buying an additional 2,400 shares during the period. Private Asset Management Inc. boosted its stake in shares of New York Community Bancorp by 28.5% in the first quarter. Private Asset Management Inc. now owns 46,125 shares of the financial services provider’s stock worth $644,000 after buying an additional 10,225 shares during the period. New England Research & Management Inc. boosted its stake in shares of New York Community Bancorp by 45.3% in the first quarter. New England Research & Management Inc. now owns 23,250 shares of the financial services provider’s stock worth $325,000 after buying an additional 7,250 shares during the period. Finally, Forte Capital LLC ADV boosted its stake in shares of New York Community Bancorp by 3.9% in the first quarter. 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. 58.67% of the stock is owned by hedge funds and other institutional investors.

Shares of New York Community Bancorp, Inc. (NYSE:NYCB) traded down 0.73% during trading on Friday, reaching $12.22. 4,009,117 shares of the company were exchanged. The firm’s 50 day moving average price is $12.96 and its 200 day moving average price is $13.72. The company has a market capitalization of $5.98 billion, a PE ratio of 13.30 and a beta of 0.58. New York Community Bancorp, Inc. has a one year low of $12.17 and a one year high of $17.68.

New York Community Bancorp (NYSE:NYCB) last released its earnings results on Wednesday, July 26th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.03. 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 during the quarter, compared to analysts’ expectations of $326.36 million. During the same quarter last year, the business posted $0.26 earnings per share. Equities research analysts forecast that New York Community Bancorp, Inc. will post $0.83 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Monday, August 7th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 5.56%. The ex-dividend date of this dividend is Thursday, August 3rd. New York Community Bancorp’s payout ratio is presently 73.91%.

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Several brokerages have recently issued reports on NYCB. BidaskClub lowered 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. FBR & Co reduced their price objective on shares of New York Community Bancorp from $13.00 to $12.00 and set an “underperform” rating on the stock in a research note on Thursday, April 27th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $13.50 price objective on shares of New York Community Bancorp in a research note on Wednesday, April 26th. Finally, Morgan Stanley lifted their price objective on shares of New York Community Bancorp from $13.50 to $14.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 6th. Two research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $14.46.

New York Community Bancorp Company Profile

New York Community Bancorp, Inc is a multi-bank holding company. The Company operates through its subsidiaries, New York Community Bank (the Community Bank) and New York Commercial Bank (the Commercial Bank) (collectively, the Banks). The Company’s operations are divided into two segments: Banking Operations and Residential Mortgage Banking.

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

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