Private Advisor Group LLC Has $614,000 Position in New York Community Bancorp, Inc. (NYCB)

Private Advisor Group LLC increased its position in New York Community Bancorp, Inc. (NYSE:NYCB) by 21.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,892 shares of the financial services provider’s stock after purchasing an additional 8,356 shares during the period. Private Advisor Group LLC’s holdings in New York Community Bancorp were worth $614,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in NYCB. Pacer Advisors Inc. lifted its stake in New York Community Bancorp by 8.3% during the 2nd quarter. Pacer Advisors Inc. now owns 10,168 shares of the financial services provider’s stock valued at $134,000 after acquiring an additional 779 shares during the period. Sigma Planning Corp bought a new position in New York Community Bancorp during the 2nd quarter valued at about $135,000. BB&T Securities LLC bought a new position in New York Community Bancorp during the 2nd quarter valued at about $135,000. Brown Advisory Inc. bought a new position in New York Community Bancorp during the 3rd quarter valued at about $146,000. Finally, Sapphire Star Partners LP bought a new position in New York Community Bancorp during the 3rd quarter valued at about $155,000. Institutional investors own 58.50% of the company’s stock.

Shares of New York Community Bancorp, Inc. (NYCB) traded down $0.01 during trading hours on Monday, hitting $13.35. 3,024,000 shares of the stock traded hands, compared to its average volume of 4,034,706. New York Community Bancorp, Inc. has a 52-week low of $11.67 and a 52-week high of $17.68. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.98. The company has a market cap of $6,530.00, a PE ratio of 15.35 and a beta of 0.59.

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 for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.04. New York Community Bancorp had a net margin of 24.22% and a return on equity of 7.17%. The firm had revenue of $385.27 million for the quarter, compared to analysts’ expectations of $313.64 million. During the same quarter in the prior year, the business earned $0.26 EPS. equities analysts forecast that New York Community Bancorp, Inc. will post 0.68 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 5.09%. The ex-dividend date of this dividend was Monday, November 6th. New York Community Bancorp’s dividend payout ratio (DPR) is presently 78.16%.

Several equities analysts have issued reports on NYCB shares. FBR & Co restated a “sell” rating on shares of New York Community Bancorp in a research note on Wednesday, October 25th. Piper Jaffray Companies restated a “sell” rating and set a $11.00 target price on shares of New York Community Bancorp in a research note on Tuesday, September 19th. BidaskClub upgraded shares of New York Community Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Zacks Investment Research upgraded shares of New York Community Bancorp from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 30th. Finally, Barclays lowered their target price on shares of New York Community Bancorp from $14.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 11th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $12.45.

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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.

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

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