Grimes & Company Inc. increased its stake in New York Community Bancorp Inc. (NYSE:NYCB) by 22.5% during the second quarter, Holdings Channel reports. The fund owned 27,315 shares of the financial services provider’s stock after buying an additional 5,023 shares during the period. Grimes & Company Inc.’s holdings in New York Community Bancorp were worth $409,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Shell Asset Management Co. increased its stake in shares of New York Community Bancorp by 49.9% in the second quarter. Shell Asset Management Co. now owns 35,176 shares of the financial services provider’s stock valued at $527,000 after buying an additional 11,716 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of New York Community Bancorp by 10.2% in the second quarter. Daiwa Securities Group Inc. now owns 11,900 shares of the financial services provider’s stock valued at $178,000 after buying an additional 1,100 shares in the last quarter. John G Ullman & Associates Inc. acquired a new stake in shares of New York Community Bancorp during the second quarter valued at approximately $1,706,000. State of Alaska Department of Revenue increased its stake in shares of New York Community Bancorp by 6.9% in the second quarter. State of Alaska Department of Revenue now owns 73,046 shares of the financial services provider’s stock valued at $1,094,000 after buying an additional 4,705 shares in the last quarter. Finally, BLB&B Advisors LLC increased its stake in shares of New York Community Bancorp by 3.5% in the second quarter. BLB&B Advisors LLC now owns 55,661 shares of the financial services provider’s stock valued at $834,000 after buying an additional 1,867 shares in the last quarter. Institutional investors own 60.91% of the company’s stock.

New York Community Bancorp Inc. (NYSE:NYCB) traded up 0.42% during midday trading on Wednesday, reaching $14.39. The company’s stock had a trading volume of 2,976,870 shares. New York Community Bancorp Inc. has a one year low of $14.10 and a one year high of $19.18. The stock’s market cap is $7.01 billion. The stock’s 50 day moving average price is $14.65 and its 200-day moving average price is $15.04.

New York Community Bancorp (NYSE:NYCB) last issued its earnings results on Wednesday, July 27th. The financial services provider reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.02. New York Community Bancorp had a negative net margin of 1.82% and a positive return on equity of 8.74%. During the same quarter in the previous year, the company posted $0.28 earnings per share. On average, analysts forecast that New York Community Bancorp Inc. will post $1.08 EPS for the current fiscal year.

NYCB has been the topic of several research analyst reports. JPMorgan Chase & Co. reissued a “sell” rating on shares of New York Community Bancorp in a report on Saturday, July 9th. Zacks Investment Research raised New York Community Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, July 7th. Bank of America Corp. set a $17.00 price target on New York Community Bancorp and gave the company a “buy” rating in a report on Monday, September 12th. Keefe, Bruyette & Woods lowered their price target on New York Community Bancorp from $15.50 to $15.00 and set a “market perform” rating on the stock in a report on Thursday, July 28th. Finally, Deutsche Bank AG reissued a “hold” rating on shares of New York Community Bancorp in a report on Saturday, June 4th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. New York Community Bancorp currently has an average rating of “Hold” and a consensus target price of $16.79.

In related news, Director Dominick Ciampa acquired 9,350 shares of New York Community Bancorp stock in a transaction that occurred on Thursday, September 8th. The stock was purchased at an average price of $15.43 per share, for a total transaction of $144,270.50. Following the completion of the purchase, the director now directly owns 142,446 shares of the company’s stock, valued at $2,197,941.78. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 2.97% of the stock is currently owned by insiders.

New York Community Bancorp Company Profile

New York Community Bancorp, Inc is a multi-bank holding company. The Company’s operations are divided into two segments: Banking Operations and Residential Mortgage Banking. The Banking Operations segment serves consumers and businesses by offering and servicing a range of loan and deposit products and other financial services.

5 Day Chart for NYSE:NYCB

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