Resources Management Corp CT ADV Takes Position in New York Community Bancorp, Inc. (NYSE:NYCB)

Resources Management Corp CT ADV acquired a new stake in shares of New York Community Bancorp, Inc. (NYSE:NYCB) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 144,540 shares of the financial services provider’s stock, valued at approximately $1,814,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Edgestream Partners L.P. purchased a new stake in New York Community Bancorp during the 2nd quarter valued at $3,879,000. Strs Ohio raised its position in New York Community Bancorp by 20.7% in the second quarter. Strs Ohio now owns 47,580 shares of the financial services provider’s stock worth $474,000 after acquiring an additional 8,148 shares during the period. Nuveen Asset Management LLC purchased a new position in shares of New York Community Bancorp during the 2nd quarter worth $12,988,000. Cerebellum GP LLC purchased a new position in shares of New York Community Bancorp during the 3rd quarter worth $3,333,000. Finally, Brookstone Capital Management boosted its stake in shares of New York Community Bancorp by 6.5% during the 2nd quarter. Brookstone Capital Management now owns 45,186 shares of the financial services provider’s stock worth $451,000 after acquiring an additional 2,765 shares during the last quarter. 60.66% of the stock is currently owned by institutional investors.

Several equities research analysts have recently commented on NYCB shares. TheStreet upgraded New York Community Bancorp from a “c+” rating to a “b-” rating in a research note on Thursday, August 15th. B. Riley reaffirmed a “buy” rating and issued a $13.00 price objective on shares of New York Community Bancorp in a research note on Wednesday, November 13th. Royal Bank of Canada downgraded New York Community Bancorp from an “outperform” rating to a “sector perform” rating and set a $13.00 price objective on the stock. in a research note on Thursday, October 31st. ValuEngine cut New York Community Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Finally, Stephens set a $12.00 price objective on New York Community Bancorp and gave the company a “hold” rating in a research note on Friday, November 1st. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $12.60.

New York Community Bancorp stock remained flat at $$11.76 during mid-day trading on Wednesday. 3,778,698 shares of the company traded hands, compared to its average volume of 5,159,311. The stock has a market cap of $5.52 billion, a price-to-earnings ratio of 14.89, a P/E/G ratio of 1.55 and a beta of 1.00. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.32 and a quick ratio of 1.32. The company has a 50 day moving average of $12.39 and a 200 day moving average of $11.44. New York Community Bancorp, Inc. has a one year low of $8.61 and a one year high of $13.79.

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

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 11th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 5.78%. The ex-dividend date was Thursday, November 7th. New York Community Bancorp’s dividend payout ratio is currently 86.08%.

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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