New York Community Bancorp, Inc. (NYSE:NYCB) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. decreased its holdings in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 28.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,195 shares of the financial services provider’s stock after selling 15,731 shares during the period. Oppenheimer & Co. Inc.’s holdings in New York Community Bancorp were worth $492,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. California Public Employees Retirement System boosted its stake in shares of New York Community Bancorp by 23.9% during the third quarter. California Public Employees Retirement System now owns 999,066 shares of the financial services provider’s stock worth $12,538,000 after buying an additional 192,970 shares during the period. Commonwealth Equity Services LLC raised its holdings in New York Community Bancorp by 25.9% during the third quarter. Commonwealth Equity Services LLC now owns 178,137 shares of the financial services provider’s stock worth $2,235,000 after purchasing an additional 36,650 shares in the last quarter. State of Tennessee Treasury Department purchased a new position in New York Community Bancorp during the third quarter worth about $5,622,000. Janney Montgomery Scott LLC raised its holdings in New York Community Bancorp by 2.3% during the third quarter. Janney Montgomery Scott LLC now owns 142,858 shares of the financial services provider’s stock worth $1,793,000 after purchasing an additional 3,256 shares in the last quarter. Finally, FinTrust Capital Advisors LLC raised its holdings in New York Community Bancorp by 34.1% during the third quarter. FinTrust Capital Advisors LLC now owns 7,533 shares of the financial services provider’s stock worth $95,000 after purchasing an additional 1,915 shares in the last quarter. Institutional investors and hedge funds own 63.73% of the company’s stock.

Shares of New York Community Bancorp stock opened at $12.10 on Friday. New York Community Bancorp, Inc. has a 12-month low of $8.61 and a 12-month high of $13.79. The company has a current ratio of 1.32, a quick ratio of 1.30 and a debt-to-equity ratio of 2.25. The stock has a market cap of $5.56 billion, a PE ratio of 15.32, a price-to-earnings-growth ratio of 1.57 and a beta of 0.99. The company has a 50-day moving average of $12.72 and a two-hundred day moving average of $11.36.

New York Community Bancorp (NYSE:NYCB) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.19. New York Community Bancorp had a net margin of 20.96% and a return on equity of 6.42%. The company had revenue of $260.03 million during the quarter, compared to analysts’ expectations of $255.13 million. During the same period last year, the company posted $0.20 earnings per share. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. On average, sell-side analysts forecast that New York Community Bancorp, Inc. will post 0.77 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Monday, November 11th will be issued a $0.17 dividend. The ex-dividend date is Thursday, November 7th. This represents a $0.68 dividend on an annualized basis and a yield of 5.62%. New York Community Bancorp’s dividend payout ratio (DPR) is presently 86.08%.

Several research firms recently issued reports on NYCB. Royal Bank of Canada cut shares of New York Community Bancorp from an “outperform” rating to a “sector perform” rating and set a $13.00 price target for the company. in a report on Thursday, October 31st. TheStreet raised shares of New York Community Bancorp from a “c+” rating to a “b-” rating in a report on Thursday, August 15th. Stephens set a $12.00 price target on shares of New York Community Bancorp and gave the stock a “hold” rating in a report on Friday, November 1st. ValuEngine cut shares of New York Community Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Finally, Sandler O’Neill cut shares of New York Community Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $12.60.

New York Community Bancorp Company 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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