D. E. Shaw & Co. Inc. Increases Stake in New York Community Bancorp, Inc. (NYSE:NYCB)

D. E. Shaw & Co. Inc. increased its position in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 157.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,496,169 shares of the financial services provider’s stock after buying an additional 2,140,787 shares during the period. D. E. Shaw & Co. Inc. owned about 0.75% of New York Community Bancorp worth $44,121,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in New York Community Bancorp by 11.6% in the first quarter. Dimensional Fund Advisors LP now owns 14,783,836 shares of the financial services provider’s stock valued at $186,573,000 after purchasing an additional 1,537,443 shares during the last quarter. Geode Capital Management LLC grew its stake in New York Community Bancorp by 5.5% in the first quarter. Geode Capital Management LLC now owns 6,699,100 shares of the financial services provider’s stock valued at $84,542,000 after purchasing an additional 348,646 shares during the last quarter. Norges Bank purchased a new position in New York Community Bancorp in the fourth quarter valued at about $56,061,000. Kahn Brothers Group Inc. DE grew its stake in New York Community Bancorp by 4.3% in the first quarter. Kahn Brothers Group Inc. DE now owns 4,498,318 shares of the financial services provider’s stock valued at $56,769,000 after purchasing an additional 184,448 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in New York Community Bancorp by 4.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,076,152 shares of the financial services provider’s stock valued at $51,441,000 after purchasing an additional 181,841 shares during the last quarter. Hedge funds and other institutional investors own 56.66% of the company’s stock.

Several research firms have issued reports on NYCB. Janney Montgomery Scott upgraded New York Community Bancorp from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 27th. Deutsche Bank Aktiengesellschaft raised their price target on New York Community Bancorp from $11.50 to $15.00 and gave the stock a “hold” rating in a report on Monday, May 3rd. Jefferies Financial Group raised their price target on New York Community Bancorp from $11.00 to $13.00 and gave the stock a “hold” rating in a report on Friday, April 9th. B. Riley raised their price target on New York Community Bancorp from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Monday, March 29th. Finally, Zacks Investment Research downgraded New York Community Bancorp from a “buy” rating to a “hold” rating and set a $13.00 price target for the company. in a report on Monday, May 31st. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $12.91.

In related news, Director Lawrence J. Savarese purchased 3,700 shares of the firm’s stock in a transaction on Monday, June 14th. The stock was bought at an average cost of $11.71 per share, with a total value of $43,327.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.19% of the company’s stock.

New York Community Bancorp stock opened at $11.17 on Thursday. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.34 and a quick ratio of 1.33. New York Community Bancorp, Inc. has a 52 week low of $7.72 and a 52 week high of $13.23. The firm has a market capitalization of $5.19 billion, a P/E ratio of 11.17, a price-to-earnings-growth ratio of 0.92 and a beta of 1.05. The business’s 50-day moving average price is $11.53.

New York Community Bancorp (NYSE:NYCB) last announced its quarterly earnings results on Sunday, April 25th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.02. New York Community Bancorp had a return on equity of 8.00% and a net margin of 31.82%. The company had revenue of $332.07 million during the quarter, compared to the consensus estimate of $323.81 million. During the same period in the previous year, the company posted $0.20 earnings per share. On average, analysts expect that New York Community Bancorp, Inc. will post 1.22 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 18th. Shareholders of record on Friday, May 7th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 6.09%. The ex-dividend date of this dividend was Thursday, May 6th. New York Community Bancorp’s payout ratio is presently 78.16%.

New York Community Bancorp Profile

New York Community Bancorp, Inc operates as the 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 accepts various deposit products, such as 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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