Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its position in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 4.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,331 shares of the financial services provider’s stock after selling 3,711 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in New York Community Bancorp were worth $953,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Joseph P. Lucia & Associates LLC acquired a new stake in shares of New York Community Bancorp during the first quarter worth $125,000. First Mercantile Trust Co. raised its holdings in shares of New York Community Bancorp by 129.6% during the fourth quarter. First Mercantile Trust Co. now owns 3,100 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 1,750 shares during the period. Advisory Services Network LLC raised its holdings in shares of New York Community Bancorp by 20.1% during the fourth quarter. Advisory Services Network LLC now owns 5,960 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 999 shares during the period. JOYN Advisors Inc. raised its holdings in shares of New York Community Bancorp by 140.2% during the fourth quarter. JOYN Advisors Inc. now owns 6,054 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 3,534 shares during the period. Finally, Wealthcare Advisory Partners LLC raised its holdings in shares of New York Community Bancorp by 42.1% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 6,750 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 2,000 shares during the period. 66.13% of the stock is currently owned by institutional investors.

Shares of NYCB stock opened at $10.24 on Thursday. The company has a current ratio of 1.31, a quick ratio of 1.35 and a debt-to-equity ratio of 2.16. New York Community Bancorp, Inc. has a 1 year low of $8.61 and a 1 year high of $12.72. The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of 12.96, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97.

New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. New York Community Bancorp had a net margin of 22.65% and a return on equity of 6.65%. The firm had revenue of $266.11 million for the quarter, compared to analyst estimates of $268.24 million. During the same period in the previous year, the business earned $0.20 EPS. The company’s revenue was down 9.2% compared to the same quarter last year. Research analysts expect that New York Community Bancorp, Inc. will post 0.79 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Monday, May 13th. This represents a $0.68 annualized dividend and a yield of 6.64%. New York Community Bancorp’s payout ratio is currently 86.08%.

In other New York Community Bancorp news, Director Dominick Ciampa purchased 34,000 shares of the stock in a transaction on Wednesday, March 27th. The shares were purchased at an average cost of $11.61 per share, for a total transaction of $394,740.00. Following the purchase, the director now owns 7,508 shares of the company’s stock, valued at $87,167.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.31% of the stock is currently owned by insiders.

A number of equities research analysts recently commented on NYCB shares. TheStreet upgraded shares of New York Community Bancorp from a “c” rating to a “b-” rating in a report on Wednesday, January 30th. Zacks Investment Research upgraded shares of New York Community Bancorp from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Monday, February 4th. Morgan Stanley lowered shares of New York Community Bancorp from an “equal weight” rating to an “underweight” rating and set a $11.50 price objective on the stock. in a report on Monday, March 11th. UBS Group upgraded shares of New York Community Bancorp from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $10.00 to $15.00 in a report on Wednesday, February 6th. Finally, B. Riley restated a “neutral” rating on shares of New York Community Bancorp in a report on Wednesday, April 10th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $12.06.

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New York Community Bancorp Company Profile

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

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