New York Community Bancorp, Inc. (NYCB) Stake Lowered by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. reduced its holdings in New York Community Bancorp, Inc. (NYSE:NYCB) by 13.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,088 shares of the financial services provider’s stock after selling 4,464 shares during the quarter. Pinnacle Associates Ltd.’s holdings in New York Community Bancorp were worth $362,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of NYCB. Aperio Group LLC lifted its holdings in shares of New York Community Bancorp by 97.4% in the 2nd quarter. Aperio Group LLC now owns 143,877 shares of the financial services provider’s stock valued at $1,889,000 after buying an additional 70,995 shares during the period. US Bancorp DE raised its holdings in New York Community Bancorp by 12.8% during the second quarter. US Bancorp DE now owns 41,972 shares of the financial services provider’s stock worth $551,000 after purchasing an additional 4,757 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in New York Community Bancorp by 1,031.7% during the second quarter. Russell Investments Group Ltd. now owns 1,104,261 shares of the financial services provider’s stock worth $14,500,000 after purchasing an additional 1,006,684 shares during the last quarter. Hartford Investment Management Co. acquired a new position in New York Community Bancorp during the second quarter worth $138,000. Finally, NGAM Advisors L.P. raised its holdings in New York Community Bancorp by 8.5% during the second quarter. NGAM Advisors L.P. now owns 80,283 shares of the financial services provider’s stock worth $1,054,000 after purchasing an additional 6,259 shares during the last quarter. 58.50% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently issued reports on the company. BidaskClub raised New York Community Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Zacks Investment Research cut New York Community Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, September 27th. ValuEngine raised New York Community Bancorp from a “hold” rating to a “buy” rating in a report on Friday. Piper Jaffray Companies set a $11.00 price objective on New York Community Bancorp and gave the stock a “sell” rating in a report on Thursday, August 17th. Finally, FBR & Co reissued a “sell” rating on shares of New York Community Bancorp in a report on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $12.45.

New York Community Bancorp, Inc. (NYSE:NYCB) traded up $0.37 during midday trading on Tuesday, hitting $13.63. The stock had a trading volume of 6,264,800 shares, compared to its average volume of 4,040,211. New York Community Bancorp, Inc. has a 12 month low of $11.67 and a 12 month high of $17.68. The firm has a market capitalization of $6,484.86, a PE ratio of 15.24 and a beta of 0.59. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.41 and a current ratio of 1.41.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.04. New York Community Bancorp had a return on equity of 7.17% and a net margin of 24.22%. The company had revenue of $385.27 million during the quarter, compared to analysts’ expectations of $313.64 million. During the same period in the previous year, the firm posted $0.26 earnings per share. analysts forecast that New York Community Bancorp, Inc. will post 0.68 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th were issued a $0.17 dividend. The ex-dividend date was Monday, November 6th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.99%. New York Community Bancorp’s dividend payout ratio (DPR) is 78.16%.

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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.

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

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