CIBC World Markets Inc. Takes $1.47 Million Position in New York Community Bancorp, Inc. (NYCB)

CIBC World Markets Inc. bought a new stake in shares of New York Community Bancorp, Inc. (NYSE:NYCB) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 141,989 shares of the financial services provider’s stock, valued at approximately $1,472,000.

Other large investors also recently made changes to their positions in the company. Cornerstone Wealth Management LLC bought a new stake in shares of New York Community Bancorp in the 2nd quarter valued at approximately $650,000. BNP Paribas Arbitrage SA lifted its stake in shares of New York Community Bancorp by 27.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 204,953 shares of the financial services provider’s stock valued at $2,263,000 after purchasing an additional 43,570 shares during the period. Aperio Group LLC lifted its stake in shares of New York Community Bancorp by 8.3% in the 2nd quarter. Aperio Group LLC now owns 265,977 shares of the financial services provider’s stock valued at $2,936,000 after purchasing an additional 20,483 shares during the period. TD Asset Management Inc. lifted its stake in shares of New York Community Bancorp by 2.0% in the 2nd quarter. TD Asset Management Inc. now owns 393,522 shares of the financial services provider’s stock valued at $4,344,000 after purchasing an additional 7,878 shares during the period. Finally, Commonwealth Equity Services LLC lifted its stake in shares of New York Community Bancorp by 13.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 175,002 shares of the financial services provider’s stock valued at $1,932,000 after purchasing an additional 21,148 shares during the period. Institutional investors and hedge funds own 65.95% of the company’s stock.

A number of research firms have recently weighed in on NYCB. Zacks Investment Research reissued a “sell” rating on shares of New York Community Bancorp in a research note on Wednesday, November 14th. Piper Jaffray Companies raised New York Community Bancorp from an “underweight” rating to a “neutral” rating and dropped their price objective for the stock from $10.00 to $9.00 in a research note on Friday, October 26th. ValuEngine raised New York Community Bancorp from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 4th. B. Riley set a $11.00 price objective on New York Community Bancorp and gave the stock a “hold” rating in a research note on Monday, October 15th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $12.00 price target on shares of New York Community Bancorp in a research note on Tuesday, August 28th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $12.32.

Shares of NYCB opened at $10.63 on Monday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 2.20. The firm has a market cap of $5.21 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 1.34 and a beta of 0.65. New York Community Bancorp, Inc. has a 12 month low of $8.88 and a 12 month high of $14.53.

New York Community Bancorp (NYSE:NYCB) last announced its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. New York Community Bancorp had a net margin of 26.41% and a return on equity of 6.60%. The firm had revenue of $272.43 million for the quarter, compared to analyst estimates 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 predict that New York Community Bancorp, Inc. will post 0.79 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 20th. Shareholders of record on Tuesday, November 6th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 6.40%. The ex-dividend date of this dividend was Monday, November 5th. New York Community Bancorp’s payout ratio is 83.95%.

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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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