Campbell & CO Investment Adviser LLC Invests $152,000 in New York Community Bancorp, Inc. (NYSE:NYCB)

Campbell & CO Investment Adviser LLC bought a new position in New York Community Bancorp, Inc. (NYSE:NYCB) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,927 shares of the financial services provider’s stock, valued at approximately $152,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Pitcairn Co. purchased a new position in shares of New York Community Bancorp in the second quarter worth $110,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of New York Community Bancorp by 32.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 47,940 shares of the financial services provider’s stock worth $489,000 after buying an additional 11,727 shares during the period. Cubic Asset Management LLC increased its stake in shares of New York Community Bancorp by 31.5% in the second quarter. Cubic Asset Management LLC now owns 72,790 shares of the financial services provider’s stock worth $742,000 after buying an additional 17,440 shares during the period. Strs Ohio increased its stake in shares of New York Community Bancorp by 211.2% in the second quarter. Strs Ohio now owns 131,448 shares of the financial services provider’s stock worth $1,340,000 after buying an additional 89,204 shares during the period. Finally, Cerebellum GP LLC purchased a new position in New York Community Bancorp during the 2nd quarter valued at $3,333,000. 61.94% of the stock is currently owned by institutional investors.

A number of research analysts have issued reports on NYCB shares. ValuEngine downgraded shares of New York Community Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, May 19th. Wedbush boosted their price objective on shares of New York Community Bancorp from $12.00 to $12.50 and gave the company a “neutral” rating in a research report on Thursday. Bank of America reissued a “buy” rating and set a $13.00 price objective (up from $12.00) on shares of New York Community Bancorp in a research report on Thursday, April 30th. Deutsche Bank boosted their price objective on shares of New York Community Bancorp from $10.50 to $11.50 and gave the company a “hold” rating in a research report on Thursday. Finally, Morgan Stanley boosted their price objective on shares of New York Community Bancorp from $10.50 to $11.00 and gave the company an “underweight” rating in a research report on Monday, June 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $11.96.

Shares of NYCB stock opened at $10.53 on Friday. New York Community Bancorp, Inc. has a 12 month low of $8.19 and a 12 month high of $13.79. The stock has a market cap of $4.89 billion, a PE ratio of 13.16, a price-to-earnings-growth ratio of 1.25 and a beta of 0.94. The company has a current ratio of 1.38, a quick ratio of 1.36 and a debt-to-equity ratio of 2.47. The company’s fifty day moving average price is $10.15 and its 200-day moving average price is $10.42.

New York Community Bancorp (NYSE:NYCB) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.02. The company had revenue of $281.25 million for the quarter, compared to analysts’ expectations of $276.23 million. New York Community Bancorp had a net margin of 21.57% and a return on equity of 6.43%. During the same quarter in the previous year, the business posted $0.19 EPS. On average, sell-side analysts forecast that New York Community Bancorp, Inc. will post 0.85 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 18th. Investors of record on Saturday, August 8th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 6.46%. The ex-dividend date of this dividend is Thursday, August 6th. New York Community Bancorp’s payout ratio is 88.31%.

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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