World Asset Management Inc increased its stake in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 0.7% during the second quarter, Holdings Channel reports. The institutional investor owned 33,448 shares of the financial services provider’s stock after buying an additional 246 shares during the period. World Asset Management Inc’s holdings in New York Community Bancorp were worth $439,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Daiwa Securities Group Inc. boosted its stake in New York Community Bancorp by 12.6% in the first quarter. Daiwa Securities Group Inc. now owns 13,400 shares of the financial services provider’s stock valued at $187,000 after buying an additional 1,500 shares in the last quarter. Cadence Capital Management LLC boosted its stake in shares of New York Community Bancorp by 16.4% in the first quarter. Cadence Capital Management LLC now owns 72,150 shares of the financial services provider’s stock valued at $1,008,000 after buying an additional 10,192 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of New York Community Bancorp during the first quarter valued at approximately $608,000. Massachusetts Financial Services Co. MA boosted its stake in shares of New York Community Bancorp by 2.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,971,604 shares of the financial services provider’s stock valued at $27,543,000 after buying an additional 54,147 shares during the period. Finally, Capstone Asset Management Co. boosted its stake in shares of 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 during the period. 58.67% of the stock is currently owned by institutional investors and hedge funds.

New York Community Bancorp, Inc. (NYSE NYCB) opened at 12.22 on Friday. The stock’s 50 day moving average is $12.96 and its 200 day moving average is $13.72. The firm has a market capitalization of $5.98 billion, a price-to-earnings ratio of 13.31 and a beta of 0.58. New York Community Bancorp, Inc. has a 1-year low of $12.17 and a 1-year high of $17.68.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. New York Community Bancorp had a net margin of 25.67% and a return on equity of 7.46%. The company had revenue of $338.21 million for the quarter, compared to analyst estimates of $326.36 million. During the same period last year, the firm earned $0.26 earnings per share. Analysts predict that New York Community Bancorp, Inc. will post $0.83 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Monday, August 7th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.56%. The ex-dividend date of this dividend is Thursday, August 3rd. New York Community Bancorp’s payout ratio is currently 73.91%.

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Several equities research analysts have commented on the stock. BidaskClub raised shares of New York Community Bancorp from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. Zacks Investment Research raised shares of New York Community Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. ValuEngine cut shares of New York Community Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $13.50 price target on shares of New York Community Bancorp in a research report on Wednesday, April 26th. Finally, Morgan Stanley boosted their price target 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. Two analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target 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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