California Public Employees Retirement System Increases Holdings in New York Community Bancorp, Inc. (NYSE:NYCB)

California Public Employees Retirement System boosted its position in New York Community Bancorp, Inc. (NYSE:NYCB) by 1.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,210,776 shares of the financial services provider’s stock after purchasing an additional 20,133 shares during the period. California Public Employees Retirement System owned about 0.17% of New York Community Bancorp worth $13,609,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of New York Community Bancorp by 6.2% in the first quarter. JPMorgan Chase & Co. now owns 1,081,423 shares of the financial services provider’s stock valued at $11,593,000 after purchasing an additional 63,418 shares in the last quarter. American Century Companies Inc. grew its holdings in New York Community Bancorp by 95.1% during the 1st quarter. American Century Companies Inc. now owns 146,581 shares of the financial services provider’s stock valued at $1,571,000 after buying an additional 71,460 shares during the last quarter. US Bancorp DE increased its position in New York Community Bancorp by 2.7% during the first quarter. US Bancorp DE now owns 60,084 shares of the financial services provider’s stock worth $644,000 after buying an additional 1,587 shares in the last quarter. AlphaCrest Capital Management LLC raised its holdings in shares of New York Community Bancorp by 122.0% in the first quarter. AlphaCrest Capital Management LLC now owns 36,608 shares of the financial services provider’s stock worth $392,000 after acquiring an additional 20,121 shares during the last quarter. Finally, Natixis Advisors L.P. purchased a new stake in shares of New York Community Bancorp in the first quarter valued at $235,000. 67.52% of the stock is owned by institutional investors and hedge funds.

New York Community Bancorp Trading Up 0.2 %

Shares of NYCB stock opened at $9.30 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.12 and a debt-to-equity ratio of 1.39. New York Community Bancorp, Inc. has a fifty-two week low of $5.81 and a fifty-two week high of $14.22. The firm’s 50 day moving average price is $10.44 and its two-hundred day moving average price is $11.14. The stock has a market cap of $6.72 billion, a price-to-earnings ratio of 2.33, a price-to-earnings-growth ratio of 0.54 and a beta of 1.15.

New York Community Bancorp (NYSE:NYCB) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. New York Community Bancorp had a net margin of 37.39% and a return on equity of 9.49%. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $931.90 million. During the same period in the prior year, the company earned $0.31 EPS. On average, analysts anticipate that New York Community Bancorp, Inc. will post 1.68 EPS for the current year.

New York Community Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 6th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 7.32%. The ex-dividend date was Friday, November 3rd. New York Community Bancorp’s dividend payout ratio (DPR) is 17.04%.

Insider Activity at New York Community Bancorp

In other New York Community Bancorp news, EVP Reginald E. Davis sold 11,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $9.84, for a total transaction of $108,240.00. Following the completion of the sale, the executive vice president now owns 70,416 shares in the company, valued at approximately $692,893.44. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on NYCB shares. Bank of America dropped their price objective on New York Community Bancorp from $15.00 to $13.00 in a research report on Tuesday, October 10th. Morgan Stanley cut their price objective on shares of New York Community Bancorp from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, October 27th. Royal Bank of Canada decreased their target price on shares of New York Community Bancorp from $16.00 to $14.00 in a research report on Tuesday, October 10th. StockNews.com started coverage on New York Community Bancorp in a report on Thursday, October 5th. They issued a “hold” rating for the company. Finally, Raymond James decreased their price objective on New York Community Bancorp from $17.00 to $14.00 and set a “strong-buy” rating on the stock in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $12.10.

New York Community Bancorp Profile

New York Community Bancorp, Inc operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company's deposit products include interest-bearing checking and money market, savings, non-interest-bearing, and retirement accounts, as well as certificates of deposit.