Dimensional Fund Advisors LP grew its stake in New York Community Bancorp, Inc. (NYSE:NYCB) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,246,393 shares of the financial services provider’s stock after buying an additional 266,956 shares during the period. Dimensional Fund Advisors LP owned 2.86% of New York Community Bancorp worth $139,748,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tranquilli Financial Advisor LLC acquired a new position in New York Community Bancorp during the 4th quarter worth approximately $466,000. Algebris UK Ltd purchased a new stake in shares of New York Community Bancorp during the fourth quarter worth about $3,430,000. Advisor Partners LLC grew its stake in New York Community Bancorp by 9.3% in the 4th quarter. Advisor Partners LLC now owns 21,561 shares of the financial services provider’s stock worth $227,000 after acquiring an additional 1,840 shares during the period. Cetera Investment Advisers acquired a new position in New York Community Bancorp in the fourth quarter valued at $224,000. Finally, Walleye Capital LLC acquired a new position in shares of New York Community Bancorp during the 4th quarter valued at about $227,000. Institutional investors own 50.77% of the company’s stock.
NYCB has been the topic of a number of recent research reports. B. Riley lifted their price target on shares of New York Community Bancorp from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Monday, March 29th. UBS Group downgraded New York Community Bancorp from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $13.00 to $11.00 in a report on Friday, February 5th. TheStreet upgraded shares of New York Community Bancorp from a “c+” rating to a “b” rating in a research note on Tuesday, December 15th. Morgan Stanley lifted their price objective on shares of New York Community Bancorp from $13.00 to $14.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 24th. Finally, Compass Point raised New York Community Bancorp from a “neutral” rating to a “buy” rating and set a $13.00 target price for the company in a report on Friday, January 15th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $12.04.
Shares of NYCB opened at $12.54 on Thursday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 2.52. New York Community Bancorp, Inc. has a twelve month low of $7.72 and a twelve month high of $13.23. The company has a 50 day moving average of $12.25 and a 200-day moving average of $10.29. The stock has a market capitalization of $5.84 billion, a P/E ratio of 14.93, a P/E/G ratio of 1.03 and a beta of 1.07.
New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings data on Tuesday, January 26th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.13. New York Community Bancorp had a return on equity of 6.69% and a net margin of 23.07%. The company had revenue of $322.95 million during the quarter, compared to analysts’ expectations of $313.05 million. During the same period last year, the firm posted $0.20 earnings per share. On average, sell-side 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, February 16th. Investors of record on Saturday, February 6th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date was Thursday, February 4th. New York Community Bancorp’s dividend payout ratio (DPR) is presently 88.31%.
About New York Community Bancorp
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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