Russell Investments Group Ltd. boosted its holdings in New York Community Bancorp, Inc. (NYSE:NYCB) by 364.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,127,649 shares of the financial services provider’s stock after buying an additional 4,023,388 shares during the quarter. Russell Investments Group Ltd. owned 1.05% of New York Community Bancorp worth $66,095,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Gotham Asset Management LLC boosted its stake in New York Community Bancorp by 6.6% in the 2nd 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. Legal & General Group Plc boosted its stake in New York Community Bancorp by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 2,575,938 shares of the financial services provider’s stock worth $33,823,000 after purchasing an additional 39,629 shares during the period. Bank of New York Mellon Corp boosted its stake in New York Community Bancorp by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,260,906 shares of the financial services provider’s stock worth $82,205,000 after purchasing an additional 96,814 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in New York Community Bancorp by 2.9% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,339,621 shares of the financial services provider’s stock worth $17,589,000 after purchasing an additional 38,295 shares during the period. Finally, Brookstone Capital Management acquired a new position in New York Community Bancorp in the 2nd quarter worth approximately $288,000. Hedge funds and other institutional investors own 57.88% of the company’s stock.

Shares of New York Community Bancorp, Inc. (NYSE NYCB) traded up $0.05 during trading hours on Friday, hitting $12.71. 2,712,658 shares of the company’s stock were exchanged, compared to its average volume of 4,038,320. The firm has a market cap of $6,190.00, a price-to-earnings ratio of 14.91 and a beta of 0.57. New York Community Bancorp, Inc. has a 52 week low of $11.67 and a 52 week high of $17.68. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.98.

New York Community Bancorp (NYSE:NYCB) last issued its earnings results on Wednesday, October 25th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $385.27 million during the quarter, compared to analyst estimates 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 business posted $0.26 EPS. sell-side analysts expect that New York Community Bancorp, Inc. will post 0.68 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date of this dividend is Monday, November 6th. New York Community Bancorp’s dividend payout ratio (DPR) is currently 78.16%.

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A number of equities analysts recently commented on NYCB shares. Zacks Investment Research raised shares of New York Community Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub raised shares of New York Community Bancorp from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Piper Jaffray Companies set a $11.00 price objective on shares of New York Community Bancorp and gave the stock a “sell” rating in a research note on Thursday, August 17th. Finally, Barclays PLC decreased their price objective on shares of New York Community Bancorp from $14.00 to $12.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 11th. Two analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. New York Community Bancorp has a consensus rating of “Hold” and an average price target of $12.45.

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.

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

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