New York Community Bancorp, Inc. (NYSE:NYCB) Position Lowered by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its stake in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 15.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 167,200 shares of the financial services provider’s stock after selling 31,000 shares during the period. Nisa Investment Advisors LLC’s holdings in New York Community Bancorp were worth $1,669,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Advisory Services Network LLC lifted its holdings in New York Community Bancorp by 20.1% in the fourth quarter. Advisory Services Network LLC now owns 5,960 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 999 shares during the last quarter. Cetera Advisor Networks LLC lifted its holdings in New York Community Bancorp by 4.7% in the first quarter. Cetera Advisor Networks LLC now owns 28,351 shares of the financial services provider’s stock worth $331,000 after acquiring an additional 1,270 shares during the last quarter. US Bancorp DE lifted its holdings in New York Community Bancorp by 3.6% in the first quarter. US Bancorp DE now owns 42,681 shares of the financial services provider’s stock worth $494,000 after acquiring an additional 1,464 shares during the last quarter. Joseph P. Lucia & Associates LLC bought a new position in New York Community Bancorp in the first quarter worth about $125,000. Finally, Crossmark Global Holdings Inc. lifted its holdings in New York Community Bancorp by 3.3% in the second quarter. Crossmark Global Holdings Inc. now owns 50,560 shares of the financial services provider’s stock worth $505,000 after acquiring an additional 1,633 shares during the last quarter. 62.86% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE NYCB traded down $0.04 during mid-day trading on Friday, reaching $11.55. 6,319,844 shares of the company traded hands, compared to its average volume of 4,748,567. New York Community Bancorp, Inc. has a fifty-two week low of $8.61 and a fifty-two week high of $12.72. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.31 and a current ratio of 1.30. The firm has a market capitalization of $5.40 billion, a price-to-earnings ratio of 14.62, a PEG ratio of 1.49 and a beta of 0.99. The company has a fifty day moving average of $10.29.

New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.19 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.19. New York Community Bancorp had a net margin of 21.73% and a return on equity of 6.52%. The business had revenue of $255.29 million for the quarter, compared to analyst estimates of $255.49 million. During the same quarter last year, the business earned $0.20 earnings per share. As a group, sell-side analysts predict that New York Community Bancorp, Inc. will post 0.77 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 26th. Shareholders of record on Monday, August 12th will be given a $0.17 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $0.68 annualized dividend and a yield of 5.89%. New York Community Bancorp’s dividend payout ratio (DPR) is 86.08%.

A number of equities analysts have issued reports on NYCB shares. Jefferies Financial Group began coverage on shares of New York Community Bancorp in a report on Monday, April 8th. They issued a “hold” rating and a $12.00 target price on the stock. B. Riley set a $13.00 price target on shares of New York Community Bancorp and gave the company a “buy” rating in a research note on Wednesday. TheStreet lowered shares of New York Community Bancorp from a “b-” rating to a “c+” rating in a research note on Thursday, June 13th. Royal Bank of Canada began coverage on shares of New York Community Bancorp in a research note on Friday, July 12th. They issued an “outperform” rating and a $12.00 price target on the stock. Finally, JPMorgan Chase & Co. upgraded shares of New York Community Bancorp from an “underweight” rating to a “neutral” rating and raised their price target for the company from $9.50 to $11.50 in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $12.20.

In other New York Community Bancorp news, Director Hanif Dahya purchased 1,640 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were purchased at an average price of $26.31 per share, for a total transaction of $43,148.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.31% of the company’s stock.

New York Community Bancorp Profile

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

Read More: Intrinsic Value

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

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