Wall Street Access Asset Management LLC Makes New $102,000 Investment in New York Community Bancorp, Inc. (NYSE:NYCB)

Wall Street Access Asset Management LLC acquired a new stake in New York Community Bancorp, Inc. (NYSE:NYCB) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,250 shares of the financial services provider’s stock, valued at approximately $102,000.

A number of other institutional investors have also recently made changes to their positions in the business. TCI Wealth Advisors Inc. lifted its holdings in shares of New York Community Bancorp by 52.0% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 4,259 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 1,457 shares during the last quarter. Quantamental Technologies LLC purchased a new stake in New York Community Bancorp in the second quarter valued at approximately $61,000. Advisory Services Network LLC lifted its position in New York Community Bancorp by 18.1% during the second quarter. Advisory Services Network LLC now owns 6,933 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 1,063 shares during the last quarter. TRUE Private Wealth Advisors bought a new stake in New York Community Bancorp during the second quarter valued at approximately $85,000. Finally, SRS Capital Advisors Inc. bought a new stake in New York Community Bancorp during the second quarter valued at approximately $88,000. 64.03% of the stock is owned by hedge funds and other institutional investors.

NYSE NYCB traded up $0.27 on Wednesday, reaching $13.07. 360,197 shares of the company’s stock traded hands, compared to its average volume of 3,852,468. The stock has a market cap of $5.89 billion, a PE ratio of 16.52, a P/E/G ratio of 1.62 and a beta of 0.99. New York Community Bancorp, Inc. has a 12 month low of $8.61 and a 12 month high of $12.89. The stock has a 50-day simple moving average of $11.46 and a 200 day simple moving average of $11.13. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.30 and a quick ratio of 1.30.



New York Community Bancorp (NYSE:NYCB) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.19 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.19. New York Community Bancorp had a net margin of 21.73% and a return on equity of 6.52%. The firm had revenue of $255.29 million during the quarter, compared to analyst estimates of $255.49 million. During the same period in the previous year, the business posted $0.20 EPS. As a group, analysts anticipate that New York Community Bancorp, Inc. will post 0.78 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Monday, August 12th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date of this dividend was Friday, August 9th. New York Community Bancorp’s payout ratio is presently 86.08%.

A number of equities analysts have recently commented on NYCB shares. B. Riley set a $13.00 price target on shares of New York Community Bancorp and gave the stock a “buy” rating in a report on Wednesday, July 31st. Royal Bank of Canada initiated coverage on shares of New York Community Bancorp in a report on Friday, July 12th. They set an “outperform” rating and a $12.00 price objective for the company. Sandler O’Neill lowered shares of New York Community Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 31st. TheStreet raised New York Community Bancorp from a “c+” rating to a “b-” rating in a research note on Thursday, August 15th. Finally, JPMorgan Chase & Co. upgraded New York Community Bancorp from an “underweight” rating to a “neutral” rating and raised their price target for the company from $9.50 to $11.50 in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $12.20.

New York Community Bancorp 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.

Read More: Coverage Ratio

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.