HL Financial Services LLC decreased its stake in New York Community Bancorp, Inc. (NYSE:NYCB) by 3.0% during the second quarter, Holdings Channel reports. The institutional investor owned 85,145 shares of the financial services provider’s stock after selling 2,654 shares during the period. HL Financial Services LLC’s holdings in New York Community Bancorp were worth $1,118,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in NYCB. FMR LLC increased its stake in New York Community Bancorp by 172.4% in the fourth quarter. FMR LLC now owns 291,200 shares of the financial services provider’s stock valued at $4,633,000 after buying an additional 184,300 shares in the last quarter. Macquarie Group Ltd. increased its stake in New York Community Bancorp by 18.6% in the fourth quarter. Macquarie Group Ltd. now owns 15,300 shares of the financial services provider’s stock valued at $244,000 after buying an additional 2,400 shares in the last quarter. Gulf International Bank UK Ltd increased its stake in New York Community Bancorp by 2.1% in the first quarter. Gulf International Bank UK Ltd now owns 138,557 shares of the financial services provider’s stock valued at $1,935,000 after buying an additional 2,900 shares in the last quarter. Capstone Asset Management Co. increased its stake in New York Community Bancorp by 2.3% in the first quarter. Capstone Asset Management Co. now owns 42,587 shares of the financial services provider’s stock valued at $595,000 after buying an additional 960 shares in the last quarter. Finally, BLB&B Advisors LLC increased its stake in New York Community Bancorp by 0.6% in the first quarter. BLB&B Advisors LLC now owns 62,203 shares of the financial services provider’s stock valued at $869,000 after buying an additional 392 shares in the last quarter. 58.67% of the stock is currently owned by institutional investors.

Shares of New York Community Bancorp, Inc. (NYSE:NYCB) opened at 12.31 on Friday. New York Community Bancorp, Inc. has a 52 week low of $12.30 and a 52 week high of $17.68. The firm has a market capitalization of $6.02 billion, a PE ratio of 13.41 and a beta of 0.58. The firm’s 50-day moving average is $12.97 and its 200 day moving average is $13.74.

New York Community Bancorp (NYSE:NYCB) last announced its earnings results on Wednesday, July 26th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. The business had revenue of $338.21 million for the quarter, compared to analyst estimates 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 last year, the firm posted $0.26 earnings per share. On average, equities analysts forecast that New York Community Bancorp, Inc. will post $0.83 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Monday, August 7th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.52%. New York Community Bancorp’s dividend payout ratio (DPR) is presently 73.91%.

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NYCB has been the topic of several research analyst reports. Keefe, Bruyette & Woods reissued a “hold” rating and set a $13.50 target price on shares of New York Community Bancorp in a research report on Wednesday, April 26th. FBR & Co dropped their target price 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. ValuEngine raised shares of New York Community Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, May 11th. Morgan Stanley boosted their target price on shares of New York Community Bancorp from $13.50 to $14.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 6th. Finally, 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. Two equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average 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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