New York Community Bancorp, Inc. (NYSE:NYCB) Shares Sold by W.E. Donoghue & Co. LLC

W.E. Donoghue & Co. LLC lessened its position in New York Community Bancorp, Inc. (NYSE:NYCB) by 16.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 67,850 shares of the financial services provider’s stock after selling 13,746 shares during the period. W.E. Donoghue & Co. LLC’s holdings in New York Community Bancorp were worth $677,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Joseph P. Lucia & Associates LLC acquired a new position in New York Community Bancorp during the 1st quarter valued at about $125,000. TCI Wealth Advisors Inc. boosted its position in shares of New York Community Bancorp by 52.0% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 4,259 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 1,457 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of New York Community Bancorp by 20.1% during the 4th quarter. Advisory Services Network LLC now owns 5,960 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 999 shares in the last quarter. Colrain Capital LLC bought a new position in shares of New York Community Bancorp during the 1st quarter valued at about $93,000. Finally, Banco Santander S.A. bought a new position in shares of New York Community Bancorp during the 1st quarter valued at about $129,000. 62.86% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Hanif Dahya bought 1,640 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was bought at an average cost of $26.31 per share, for a total transaction of $43,148.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.31% of the company’s stock.

Several equities analysts have recently weighed in on the stock. B. Riley set a $13.00 price objective on shares of New York Community Bancorp and gave the company a “buy” rating in a research report on Wednesday. Jefferies Financial Group assumed coverage on shares of New York Community Bancorp in a research report on Monday, April 8th. They set a “hold” rating and a $12.00 price objective for the company. Royal Bank of Canada assumed coverage on shares of New York Community Bancorp in a research report on Friday, July 12th. They set an “outperform” rating and a $12.00 price objective for the company. Bank of America set a $13.00 price objective on shares of New York Community Bancorp and gave the company a “buy” rating in a research report on Wednesday. Finally, TheStreet lowered shares of New York Community Bancorp from a “b-” rating to a “c+” rating in a research report on Thursday, June 13th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $12.20.

Shares of NYCB traded down $0.04 during midday trading on Friday, hitting $11.55. The stock had a trading volume of 6,319,844 shares, 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 stock’s 50-day moving average price is $10.29. The company has a market capitalization of $5.40 billion, a price-to-earnings ratio of 14.62, a P/E/G ratio of 1.49 and a beta of 0.99. The company has a current ratio of 1.30, a quick ratio of 1.31 and a debt-to-equity ratio of 2.12.

New York Community Bancorp (NYSE:NYCB) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $0.19 EPS for the quarter, hitting the 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 company had revenue of $255.29 million during the quarter, compared to analysts’ expectations of $255.49 million. During the same period last year, the company posted $0.20 earnings per share. On average, equities analysts anticipate that New York Community Bancorp, Inc. will post 0.77 earnings per share for the current year.

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

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.

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

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