Sumitomo Mitsui Trust Holdings Inc. cut its stake in New York Community Bancorp, Inc. (NYSE:NYCB) by 1.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,323,471 shares of the financial services provider’s stock after selling 16,150 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.27% of New York Community Bancorp worth $17,060,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Pacer Advisors Inc. grew its stake in New York Community Bancorp by 8.3% during the second quarter. Pacer Advisors Inc. now owns 10,168 shares of the financial services provider’s stock worth $134,000 after buying an additional 779 shares in the last quarter. Sigma Planning Corp acquired a new stake in New York Community Bancorp during the second quarter worth about $135,000. BB&T Securities LLC acquired a new stake in New York Community Bancorp during the second quarter worth about $135,000. Hartford Investment Management Co. acquired a new stake in New York Community Bancorp during the second quarter worth about $138,000. Finally, Sapphire Star Partners LP acquired a new stake in shares of New York Community Bancorp in the 3rd quarter valued at approximately $155,000. 58.50% of the stock is currently owned by institutional investors.
Several research firms have issued reports on NYCB. BidaskClub upgraded shares of New York Community Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. ValuEngine upgraded shares of New York Community Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research lowered shares of New York Community Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, September 27th. Barclays reduced their price target on shares of New York Community Bancorp from $14.00 to $12.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 11th. Finally, Piper Jaffray Companies set a $11.00 price target on shares of New York Community Bancorp and gave the company a “sell” rating in a research report on Thursday, August 17th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $12.45.
New York Community Bancorp (NYSE:NYCB) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.04. New York Community Bancorp had a return on equity of 7.17% and a net margin of 24.22%. The business had revenue of $385.27 million for the quarter, compared to analysts’ expectations of $313.64 million. During the same period in the previous year, the business posted $0.26 EPS. analysts predict that New York Community Bancorp, Inc. will post 0.68 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date was Monday, November 6th. New York Community Bancorp’s dividend payout ratio is currently 78.16%.
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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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