First Republic Investment Management Inc. Sells 30,538 Shares of New York Community Bancorp, Inc. (NYCB)

First Republic Investment Management Inc. reduced its stake in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 3.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 756,040 shares of the financial services provider’s stock after selling 30,538 shares during the quarter. First Republic Investment Management Inc. owned 0.15% of New York Community Bancorp worth $9,745,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NYCB. Russell Investments Group Ltd. boosted its stake in New York Community Bancorp by 364.4% in 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 grew its stake in New York Community Bancorp by 40.0% in 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 acquiring an additional 1,517,864 shares during the period. Vanguard Group Inc. boosted its position in shares of 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 during the last quarter. Alecta Pensionsforsakring Omsesidigt boosted its position in shares of 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 during the last quarter. Finally, First Trust Advisors LP boosted its position in shares of 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 during the last quarter. 58.50% of the stock is currently owned by institutional investors.

Several research analysts recently issued reports on NYCB shares. Zacks Investment Research raised New York Community Bancorp from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 30th. BidaskClub cut New York Community Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Barclays cut their target price on New York Community Bancorp from $14.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 11th. Piper Jaffray Companies reaffirmed a “sell” rating and set a $11.00 target price on shares of New York Community Bancorp in a research report on Tuesday, October 24th. Finally, FBR & Co reissued a “sell” rating on shares of New York Community Bancorp in a research report on Wednesday, October 25th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $12.45.

New York Community Bancorp, Inc. (NYCB) traded down $0.01 during trading hours on Friday, hitting $13.35. The company had a trading volume of 2,464,196 shares, compared to its average volume of 4,532,195. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.41 and a current ratio of 1.41. New York Community Bancorp, Inc. has a 12 month low of $11.67 and a 12 month high of $17.68. The company has a market cap of $6,533.77, a price-to-earnings ratio of 15.36 and a beta of 0.59.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, beating 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 company had revenue of $385.27 million for the quarter, compared to analyst estimates of $313.64 million. During the same period in the previous year, the company posted $0.26 EPS. sell-side analysts predict that New York Community Bancorp, Inc. will post 0.68 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th were paid a $0.17 dividend. The ex-dividend date was Monday, November 6th. This represents a $0.68 dividend on an annualized basis and a yield of 5.09%. 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.

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

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