Great West Life Assurance Co. Can lowered its stake in New York Community Bancorp, Inc. (NYSE:NYCB) by 4.3% during the second quarter, Holdings Channel reports. The firm owned 526,394 shares of the financial services provider’s stock after selling 23,636 shares during the period. Great West Life Assurance Co. Can’s holdings in New York Community Bancorp were worth $6,901,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Strs Ohio raised its stake in New York Community Bancorp by 1.2% in the first quarter. Strs Ohio now owns 123,616 shares of the financial services provider’s stock valued at $1,726,000 after buying an additional 1,519 shares during the period. Janney Montgomery Scott LLC raised its stake in New York Community Bancorp by 1.1% in the first quarter. Janney Montgomery Scott LLC now owns 314,737 shares of the financial services provider’s stock valued at $4,397,000 after buying an additional 3,351 shares during the period. John G Ullman & Associates Inc. raised its stake in New York Community Bancorp by 49.2% in the first quarter. John G Ullman & Associates Inc. now owns 261,950 shares of the financial services provider’s stock valued at $3,659,000 after buying an additional 86,350 shares during the period. Lesa Sroufe & Co raised its stake in New York Community Bancorp by 0.8% in the first quarter. Lesa Sroufe & Co now owns 288,175 shares of the financial services provider’s stock valued at $4,026,000 after buying an additional 2,330 shares during the period. Finally, Mn Services Vermogensbeheer B.V. raised its stake in New York Community Bancorp by 4.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 12,989 shares of the financial services provider’s stock valued at $170,000 after buying an additional 506 shares during the period. 58.67% of the stock is currently owned by hedge funds and other institutional investors.

New York Community Bancorp, Inc. (NYSE NYCB) opened at 12.22 on Friday. The company has a market capitalization of $5.98 billion, a price-to-earnings ratio of 13.30 and a beta of 0.58. The stock has a 50 day moving average of $12.96 and a 200 day moving average of $13.72. New York Community Bancorp, Inc. has a 12 month low of $12.17 and a 12 month high of $17.68.

New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.03. The company had revenue of $338.21 million for the quarter, compared to the consensus estimate of $326.36 million. New York Community Bancorp had a net margin of 25.67% and a return on equity of 7.46%. During the same period in the previous year, the firm earned $0.26 EPS. Equities analysts anticipate that New York Community Bancorp, Inc. will post $0.83 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Monday, August 7th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.56%. The ex-dividend date of this dividend is Thursday, August 3rd. New York Community Bancorp’s dividend payout ratio (DPR) is currently 73.91%.

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Several analysts have issued reports on the stock. BidaskClub raised shares of New York Community Bancorp from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. FBR & Co dropped their price objective on shares of New York Community Bancorp from $13.00 to $12.00 and set an “underperform” rating on the stock in a research report on Thursday, April 27th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $13.50 price objective on shares of New York Community Bancorp in a research report on Wednesday, April 26th. Morgan Stanley reissued an “equal weight” rating and issued a $13.75 price objective (down from $14.00) on shares of New York Community Bancorp in a research report on Friday, July 7th. Finally, Zacks Investment Research raised shares of New York Community Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. New York Community Bancorp currently has a consensus rating of “Hold” and a consensus target price of $14.46.

New York Community Bancorp Company Profile

New York Community Bancorp, Inc is a multi-bank holding company. The Company operates through its subsidiaries, New York Community Bank (the Community Bank) and New York Commercial Bank (the Commercial Bank) (collectively, the Banks). The Company’s operations are divided into two segments: Banking Operations and Residential Mortgage Banking.

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Institutional Ownership by Quarter for New York Community Bancorp (NYSE:NYCB)

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