Louisiana State Employees Retirement System cut its position in New York Community Bancorp, Inc. (NYSE:NYCB) by 5.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 123,700 shares of the financial services provider’s stock after selling 6,900 shares during the period. Louisiana State Employees Retirement System’s holdings in New York Community Bancorp were worth $1,611,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gotham Asset Management LLC raised its holdings in New York Community Bancorp by 6.6% in the second quarter. Gotham Asset Management LLC now owns 28,852 shares of the financial services provider’s stock worth $379,000 after purchasing an additional 1,794 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of New York Community Bancorp by 3.8% during the third quarter. Bank of New York Mellon Corp now owns 6,496,698 shares of the financial services provider’s stock worth $83,743,000 after acquiring an additional 235,792 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of New York Community Bancorp during the third quarter worth $374,000. Janus Henderson Group PLC raised its holdings in shares of New York Community Bancorp by 141.2% during the second quarter. Janus Henderson Group PLC now owns 168,156 shares of the financial services provider’s stock worth $2,208,000 after acquiring an additional 98,442 shares during the period. Finally, Sterneck Capital Management LLC raised its holdings in shares of New York Community Bancorp by 17.9% during the second quarter. Sterneck Capital Management LLC now owns 176,200 shares of the financial services provider’s stock worth $2,314,000 after acquiring an additional 26,730 shares during the period. Institutional investors own 58.44% of the company’s stock.

A number of equities research analysts recently commented on the stock. TheStreet lowered shares of New York Community Bancorp from a “b-” rating to a “c+” rating in a report on Tuesday, January 16th. Zacks Investment Research upgraded shares of New York Community Bancorp from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Friday, January 12th. Bank of America upgraded shares of New York Community Bancorp from a “neutral” rating to a “buy” rating in a report on Wednesday, January 10th. Barclays raised their price objective on shares of New York Community Bancorp from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $14.00 price objective on shares of New York Community Bancorp in a report on Friday, December 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $13.11.

Shares of New York Community Bancorp, Inc. (NYSE NYCB) opened at $13.90 on Friday. The company has a market cap of $6,800.00, a price-to-earnings ratio of 15.98, a P/E/G ratio of 1.66 and a beta of 0.59. New York Community Bancorp, Inc. has a twelve month low of $11.67 and a twelve month high of $16.18. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.98.

New York Community Bancorp (NYSE:NYCB) last released its earnings results on Wednesday, October 25th. The financial services provider reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The business had revenue of $385.27 million during the quarter, compared to the consensus estimate of $313.64 million. New York Community Bancorp had a net margin of 24.22% and a return on equity of 7.17%. During the same quarter last year, the firm earned $0.26 earnings per share. analysts predict that New York Community Bancorp, Inc. will post 0.68 EPS for the current year.

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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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