Engineers Gate Manager LP Invests $4.08 Million in New York Community Bancorp, Inc. (NYCB)

Engineers Gate Manager LP purchased a new position in New York Community Bancorp, Inc. (NYSE:NYCB) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 316,694 shares of the financial services provider’s stock, valued at approximately $4,082,000. Engineers Gate Manager LP owned approximately 0.06% of New York Community Bancorp as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its stake in New York Community Bancorp by 364.4% during the third quarter. Russell Investments Group Ltd. now owns 5,127,649 shares of the financial services provider’s stock valued at $66,095,000 after buying an additional 4,023,388 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in New York Community Bancorp by 40.0% during the second quarter. Dimensional Fund Advisors LP now owns 5,311,010 shares of the financial services provider’s stock valued at $69,738,000 after buying an additional 1,517,864 shares in the last quarter. Vanguard Group Inc. raised its stake in New York Community Bancorp by 2.3% during the second quarter. Vanguard Group Inc. now owns 40,770,549 shares of the financial services provider’s stock valued at $535,317,000 after buying an additional 910,170 shares in the last quarter. Alecta Pensionsforsakring Omsesidigt raised its stake in New York Community Bancorp by 8.6% during the third quarter. Alecta Pensionsforsakring Omsesidigt now owns 11,400,000 shares of the financial services provider’s stock valued at $146,946,000 after buying an additional 900,000 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in New York Community Bancorp by 52.9% during the second quarter. First Trust Advisors LP now owns 2,301,781 shares of the financial services provider’s stock valued at $30,222,000 after buying an additional 796,799 shares in the last quarter. Institutional investors and hedge funds own 58.50% of the company’s stock.

Several equities analysts have recently commented on the company. BidaskClub raised New York Community Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Piper Jaffray Companies reaffirmed a “sell” rating and set a $11.00 target price on shares of New York Community Bancorp in a report on Tuesday, September 19th. ValuEngine raised New York Community Bancorp from a “hold” rating to a “buy” rating in a report on Friday. FBR & Co reaffirmed a “sell” rating on shares of New York Community Bancorp in a report on Wednesday, October 25th. Finally, Zacks Investment Research lowered New York Community Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, November 23rd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $12.45.

Shares of New York Community Bancorp, Inc. (NYCB) traded up $0.37 during mid-day trading on Tuesday, reaching $13.63. The company had a trading volume of 6,264,800 shares, compared to its average volume of 4,040,211. New York Community Bancorp, Inc. has a 1-year low of $11.67 and a 1-year high of $17.68. The company has a market cap of $6,484.86, a price-to-earnings ratio of 15.24 and a beta of 0.59. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.41 and a quick ratio of 1.41.

New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $313.64 million. During the same period in the prior year, the company posted $0.26 EPS. sell-side analysts forecast that New York Community Bancorp, Inc. will post 0.68 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date of this dividend was Monday, November 6th. New York Community Bancorp’s dividend payout ratio (DPR) is 78.16%.

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New York Community Bancorp 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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