Daiwa Securities Group Inc. maintained its stake in New York Community Bancorp, Inc. (NYSE:NYCB) during the second quarter, according to its most recent filing with the SEC. The fund owned 13,400 shares of the financial services provider’s stock at the end of the second quarter. Daiwa Securities Group Inc.’s holdings in New York Community Bancorp were worth $176,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. increased its stake in New York Community Bancorp by 3.1% in the first quarter. Pacer Advisors Inc. now owns 9,389 shares of the financial services provider’s stock valued at $131,000 after buying an additional 284 shares in the last quarter. Hartford Investment Management Co. purchased a new stake in New York Community Bancorp during the second quarter valued at approximately $138,000. Quantbot Technologies LP purchased a new stake in New York Community Bancorp during the first quarter valued at approximately $140,000. National Asset Management Inc. purchased a new stake in New York Community Bancorp during the first quarter valued at approximately $161,000. Finally, Mn Services Vermogensbeheer B.V. increased its stake in New York Community Bancorp by 4.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 12,989 shares of the financial services provider’s stock valued at $170,000 after buying an additional 506 shares in the last quarter. Hedge funds and other institutional investors own 58.88% of the company’s stock.
New York Community Bancorp, Inc. (NYSE:NYCB) opened at 11.94 on Friday. The stock has a market cap of $5.84 billion, a PE ratio of 12.99 and a beta of 0.58. New York Community Bancorp, Inc. has a 12 month low of $11.91 and a 12 month high of $17.68. The company’s 50 day moving average price is $12.86 and its 200 day moving average price is $13.60.
New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.22 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $338.21 million during the quarter, compared to analyst estimates of $326.36 million. During the same quarter last year, the company earned $0.26 EPS. Equities analysts forecast that New York Community Bancorp, Inc. will post $0.82 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Monday, August 7th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 5.70%. The ex-dividend date was Thursday, August 3rd. New York Community Bancorp’s dividend payout ratio (DPR) is presently 73.91%.
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Several equities research analysts have recently commented on the company. BidaskClub upgraded New York Community Bancorp from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Zacks Investment Research upgraded New York Community Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. ValuEngine upgraded New York Community Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, May 11th. Keefe, Bruyette & Woods restated a “hold” rating and set a $13.50 price objective on shares of New York Community Bancorp in a report on Wednesday, April 26th. Finally, FBR & Co decreased their price objective on New York Community Bancorp from $13.00 to $12.00 and set an “underperform” rating for the company in a report on Thursday, April 27th. Three investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. New York Community Bancorp presently has an average rating of “Hold” and a consensus target price of $14.03.
About New York Community Bancorp
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.
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