Alps Advisors Inc. Purchases Shares of 23,449 New York Community Bancorp, Inc. (NYCB)

Alps Advisors Inc. purchased a new position in New York Community Bancorp, Inc. (NYSE:NYCB) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 23,449 shares of the financial services provider’s stock, valued at approximately $305,000.

Several other large investors also recently made changes to their positions in NYCB. Gotham Asset Management LLC lifted its position in shares of New York Community Bancorp by 6.6% during the 2nd quarter. Gotham Asset Management LLC now owns 28,852 shares of the financial services provider’s stock worth $379,000 after purchasing an additional 1,794 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of New York Community Bancorp by 3.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,496,698 shares of the financial services provider’s stock worth $83,743,000 after purchasing an additional 235,792 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of New York Community Bancorp during the 3rd quarter worth about $374,000. Janus Henderson Group PLC lifted its position in shares of New York Community Bancorp by 141.2% during the 2nd quarter. Janus Henderson Group PLC now owns 168,156 shares of the financial services provider’s stock worth $2,208,000 after purchasing an additional 98,442 shares during the last quarter. Finally, Stevens Capital Management LP acquired a new position in shares of New York Community Bancorp during the 3rd quarter worth about $356,000. 59.13% of the stock is owned by institutional investors.

Several equities analysts recently weighed in on the company. Zacks Investment Research cut New York Community Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, December 20th. ValuEngine raised New York Community Bancorp from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Barclays upped their price target on New York Community Bancorp from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. TheStreet cut New York Community Bancorp from a “b-” rating to a “c+” rating in a report on Tuesday, January 16th. Finally, Royal Bank of Canada initiated coverage on New York Community Bancorp in a report on Thursday, December 21st. They issued a “sector perform” rating and a $13.00 price target for the company. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. New York Community Bancorp presently has an average rating of “Hold” and an average target price of $13.22.

New York Community Bancorp, Inc. (NYSE:NYCB) opened at $13.54 on Wednesday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $6,620.00, a P/E ratio of 15.04, a price-to-earnings-growth ratio of 1.60 and a beta of 0.65. New York Community Bancorp, Inc. has a twelve month low of $11.67 and a twelve month high of $15.59.

New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. The firm had revenue of $296.32 million during the quarter, compared to analysts’ expectations of $300.29 million. New York Community Bancorp had a return on equity of 6.81% and a net margin of 25.91%. equities research analysts expect that New York Community Bancorp, Inc. will post 0.85 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Monday, February 12th. This represents a $0.68 annualized dividend and a yield of 5.02%. New York Community Bancorp’s dividend payout ratio (DPR) is 75.56%.

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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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