Meag Munich Ergo Kapitalanlagegesellschaft MBH Has $224,000 Holdings in New York Community Bancorp, Inc. (NYCB)

Meag Munich Ergo Kapitalanlagegesellschaft MBH trimmed its holdings in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 75.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,900 shares of the financial services provider’s stock after selling 67,000 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in New York Community Bancorp were worth $224,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NYCB. Visionary Asset Management Inc. raised its stake in shares of New York Community Bancorp by 17.4% during the third quarter. Visionary Asset Management Inc. now owns 33,601 shares of the financial services provider’s stock valued at $348,000 after acquiring an additional 4,988 shares during the last quarter. Assetmark Inc. raised its stake in shares of New York Community Bancorp by 17.3% during the second quarter. Assetmark Inc. now owns 33,762 shares of the financial services provider’s stock valued at $373,000 after acquiring an additional 4,991 shares during the last quarter. Sei Investments Co. raised its stake in shares of New York Community Bancorp by 67.0% during the first quarter. Sei Investments Co. now owns 12,716 shares of the financial services provider’s stock valued at $166,000 after acquiring an additional 5,100 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of New York Community Bancorp by 3.0% during the second quarter. Oregon Public Employees Retirement Fund now owns 191,718 shares of the financial services provider’s stock valued at $2,117,000 after acquiring an additional 5,514 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of New York Community Bancorp by 6.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 91,154 shares of the financial services provider’s stock valued at $1,006,000 after acquiring an additional 5,696 shares during the last quarter. Institutional investors and hedge funds own 64.93% of the company’s stock.

NYCB has been the subject of several recent analyst reports. Credit Suisse Group reaffirmed a “neutral” rating and set a $12.00 price objective on shares of New York Community Bancorp in a research note on Tuesday, August 28th. ValuEngine raised shares of New York Community Bancorp from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 4th. Royal Bank of Canada reaffirmed a “hold” rating and set a $11.00 price objective on shares of New York Community Bancorp in a research note on Thursday, July 26th. Sandler O’Neill set a $14.00 price objective on shares of New York Community Bancorp and gave the company a “buy” rating in a research note on Wednesday, July 25th. Finally, B. Riley set a $11.00 price objective on shares of New York Community Bancorp and gave the company a “hold” rating in a research note on Monday, October 15th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. New York Community Bancorp presently has a consensus rating of “Hold” and a consensus price target of $12.32.



NYCB stock opened at $9.28 on Monday. New York Community Bancorp, Inc. has a 1 year low of $8.88 and a 1 year high of $14.53. The stock has a market capitalization of $4.55 billion, a P/E ratio of 11.46, a P/E/G ratio of 1.16 and a beta of 0.65. The company has a quick ratio of 1.40, a current ratio of 1.37 and a debt-to-equity ratio of 2.20.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.20. New York Community Bancorp had a net margin of 26.41% and a return on equity of 6.60%. The company had revenue of $272.43 million during the quarter, compared to the consensus estimate of $285.05 million. During the same period in the prior year, the firm earned $0.21 earnings per share. On average, equities analysts anticipate that New York Community Bancorp, Inc. will post 0.8 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Tuesday, November 6th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 7.33%. The ex-dividend date is Monday, November 5th. New York Community Bancorp’s payout ratio is currently 83.95%.

New York Community Bancorp Company Profile

New York Community Bancorp, Inc operates as a holding company for New York Community Bank and New York Commercial Bank that offer banking products and financial services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company offers various deposit products that include checking and savings accounts, individual retirement accounts, certificates of deposit, NOW and money market accounts, and non-interest-bearing accounts.

Read More: What is intrinsic value?

Want to see what other hedge funds are holding NYCB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for New York Community Bancorp, Inc. (NYSE:NYCB).

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

Receive News & Ratings for New York Community Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Community Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply