California Public Employees Retirement System raised its stake in New York Community Bancorp, Inc. (NYSE:NYCB) by 1.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,026,477 shares of the financial services provider’s stock after purchasing an additional 15,481 shares during the period. California Public Employees Retirement System’s holdings in New York Community Bancorp were worth $8,489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Clear Harbor Asset Management LLC purchased a new stake in shares of New York Community Bancorp during the third quarter worth approximately $25,000. Hoey Investments Inc. acquired a new position in New York Community Bancorp during the third quarter worth $27,000. Community Bank N.A. boosted its stake in New York Community Bancorp by 2,342.9% during the third quarter. Community Bank N.A. now owns 4,275 shares of the financial services provider’s stock worth $35,000 after buying an additional 4,100 shares during the last quarter. Captrust Financial Advisors acquired a new position in New York Community Bancorp during the second quarter worth $65,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in New York Community Bancorp during the third quarter worth $68,000. Institutional investors own 60.75% of the company’s stock.

Shares of NYSE NYCB opened at $9.07 on Friday. The stock’s 50-day moving average is $8.48 and its two-hundred day moving average is $9.44. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.39 and a quick ratio of 1.39. New York Community Bancorp, Inc. has a 1-year low of $7.72 and a 1-year high of $12.37. The company has a market cap of $4.21 billion, a price-to-earnings ratio of 10.80, a price-to-earnings-growth ratio of 0.89 and a beta of 0.97.

New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $0.23 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.23. New York Community Bancorp had a return on equity of 6.69% and a net margin of 23.07%. Equities research analysts anticipate that New York Community Bancorp, Inc. will post 0.89 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 17th. Shareholders of record on Saturday, November 7th were issued a dividend of $0.17 per share. The ex-dividend date was Thursday, November 5th. This represents a $0.68 annualized dividend and a yield of 7.50%. New York Community Bancorp’s dividend payout ratio (DPR) is 88.31%.

NYCB has been the topic of several recent analyst reports. Morgan Stanley raised New York Community Bancorp from an “underweight” rating to an “equal weight” rating and set a $9.50 price target on the stock in a research note on Friday, November 6th. CSFB decreased their price target on New York Community Bancorp from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 7th. Credit Suisse Group decreased their price target on New York Community Bancorp from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft upped their price target on New York Community Bancorp from $10.50 to $11.50 and gave the company a “hold” rating in a research note on Thursday, July 30th. Finally, Piper Sandler decreased their price target on New York Community Bancorp from $12.50 to $10.50 and set an “overweight” rating on the stock in a research note on Monday, September 28th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $11.38.

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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