Nationwide Fund Advisors grew its stake in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 3.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 854,595 shares of the financial services provider’s stock after buying an additional 30,487 shares during the quarter. Nationwide Fund Advisors owned 0.17% of New York Community Bancorp worth $11,221,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of New York Community Bancorp by 6,643.8% in the first quarter. BlackRock Inc. now owns 51,206,275 shares of the financial services provider’s stock worth $715,351,000 after purchasing an additional 50,446,961 shares during the last quarter. Alecta Pensionsforsakring Omsesidigt grew its stake in shares of New York Community Bancorp by 176.3% in the second quarter. Alecta Pensionsforsakring Omsesidigt now owns 10,500,000 shares of the financial services provider’s stock worth $137,865,000 after purchasing an additional 6,700,000 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of New York Community Bancorp by 4.6% in the first quarter. Vanguard Group Inc. now owns 39,860,379 shares of the financial services provider’s stock worth $556,850,000 after purchasing an additional 1,759,241 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of New York Community Bancorp by 1,031.7% in the second quarter. Russell Investments Group Ltd. now owns 1,104,261 shares of the financial services provider’s stock worth $14,500,000 after purchasing an additional 1,006,684 shares during the last quarter. Finally, Schroder Investment Management Group bought a new stake in shares of New York Community Bancorp in the first quarter worth about $14,263,000. 57.49% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of New York Community Bancorp, Inc. (NYCB) opened at 12.56 on Monday. The company has a market capitalization of $6.14 billion, a PE ratio of 13.67 and a beta of 0.59. New York Community Bancorp, Inc. has a 52-week low of $11.67 and a 52-week high of $17.68. The firm’s 50-day moving average price is $12.26 and its 200 day moving average price is $13.11.

New York Community Bancorp (NYSE:NYCB) last issued its earnings results on Wednesday, July 26th. The financial services provider reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.03. The business 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 prior year, the firm earned $0.26 EPS. On average, equities analysts forecast that New York Community Bancorp, Inc. will post $0.79 earnings per share for the current year.

NYCB has been the topic of several research reports. Zacks Investment Research raised New York Community Bancorp from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 30th. BidaskClub cut New York Community Bancorp from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 19th. Morgan Stanley reaffirmed an “equal weight” rating and set a $13.75 price objective (down from $14.00) on shares of New York Community Bancorp in a research report on Friday, July 7th. ValuEngine cut New York Community Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Piper Jaffray Companies set a $11.00 price objective on New York Community Bancorp and gave the company a “sell” rating in a research report on Thursday, August 17th. Three research analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. The company presently has an average rating of “Hold” and an average target price of $13.61.

About New York Community Bancorp

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.

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

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