WBI Investments Inc. Takes $2.09 Million Position in New York Community Bancorp, Inc. (NYCB)

WBI Investments Inc. acquired a new stake in New York Community Bancorp, Inc. (NYSE:NYCB) in the third quarter, Holdings Channel reports. The firm acquired 201,875 shares of the financial services provider’s stock, valued at approximately $2,093,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. California Public Employees Retirement System lifted its stake in New York Community Bancorp by 17.3% in the second quarter. California Public Employees Retirement System now owns 1,587,433 shares of the financial services provider’s stock valued at $17,525,000 after buying an additional 234,681 shares during the last quarter. Worldquant Millennium Quantitative Strategies LLC purchased a new stake in New York Community Bancorp in the second quarter valued at approximately $381,000. State of Wisconsin Investment Board purchased a new stake in New York Community Bancorp in the second quarter valued at approximately $833,000. Schwab Charles Investment Management Inc. lifted its stake in New York Community Bancorp by 7.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,959,033 shares of the financial services provider’s stock valued at $21,628,000 after buying an additional 134,589 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in New York Community Bancorp by 6.6% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,429,623 shares of the financial services provider’s stock valued at $15,783,000 after buying an additional 88,510 shares during the last quarter. Institutional investors own 64.88% of the company’s stock.

NYCB has been the subject of several analyst reports. Credit Suisse Group restated a “neutral” rating and set a $12.00 price target on shares of New York Community Bancorp in a research note on Tuesday, August 28th. ValuEngine upgraded New York Community Bancorp from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 4th. Royal Bank of Canada restated a “hold” rating and set a $11.00 price target on shares of New York Community Bancorp in a research note on Thursday, July 26th. B. Riley set a $11.00 price target on New York Community Bancorp and gave the stock a “hold” rating in a research note on Monday, October 15th. Finally, Sandler O’Neill set a $14.00 price target on New York Community Bancorp and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $12.32.

New York Community Bancorp stock opened at $9.81 on Friday. New York Community Bancorp, Inc. has a 12 month low of $8.88 and a 12 month high of $14.53. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.37 and a quick ratio of 1.40. The company has a market cap of $4.70 billion, a PE ratio of 12.44, a P/E/G ratio of 1.20 and a beta of 0.65.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.20 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.20. New York Community Bancorp had a return on equity of 6.60% and a net margin of 26.41%. The business had revenue of $272.43 million during the quarter, compared to analysts’ expectations of $285.05 million. During the same quarter in the prior year, the business earned $0.21 earnings per share. As a group, sell-side analysts anticipate that New York Community Bancorp, Inc. will post 0.8 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Tuesday, November 6th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 6.93%. The ex-dividend date is Monday, November 5th. New York Community Bancorp’s dividend payout ratio is presently 83.95%.

About New York Community Bancorp

New York Community Bancorp, Inc operates as a holding company for New York Community Bank and New York Commercial Bank that offer banking products and financial services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company offers various deposit products that include checking and savings accounts, individual retirement accounts, certificates of deposit, NOW and money market accounts, and non-interest-bearing accounts.

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

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