Riverhead Capital Management LLC Purchases 46,680 Shares of New York Community Bancorp, Inc. (NYSE:NYCB)

Riverhead Capital Management LLC raised its position in New York Community Bancorp, Inc. (NYSE:NYCB) by 79.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,104 shares of the financial services provider’s stock after buying an additional 46,680 shares during the quarter. Riverhead Capital Management LLC’s holdings in New York Community Bancorp were worth $1,049,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in New York Community Bancorp by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 10,340,979 shares of the financial services provider’s stock worth $97,303,000 after purchasing an additional 292,953 shares during the last quarter. Geode Capital Management LLC raised its position in New York Community Bancorp by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 5,174,238 shares of the financial services provider’s stock valued at $48,816,000 after acquiring an additional 382,396 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in New York Community Bancorp during the first quarter valued at approximately $271,000. Dupont Capital Management Corp acquired a new stake in New York Community Bancorp in the first quarter valued at approximately $277,000. Finally, Janus Henderson Group PLC lifted its stake in New York Community Bancorp by 156.5% in the first quarter. Janus Henderson Group PLC now owns 178,830 shares of the financial services provider’s stock valued at $2,069,000 after acquiring an additional 109,107 shares during the last quarter. 64.03% of the stock is currently owned by hedge funds and other institutional investors.

Shares of New York Community Bancorp stock traded up $0.02 on Tuesday, reaching $12.63. The stock had a trading volume of 600,685 shares, compared to its average volume of 3,530,955. The company has a debt-to-equity ratio of 2.17, a quick ratio of 1.30 and a current ratio of 1.30. The business’s 50-day moving average price is $11.41 and its two-hundred day moving average price is $11.13. The stock has a market cap of $5.89 billion, a P/E ratio of 15.99, a price-to-earnings-growth ratio of 1.56 and a beta of 0.98. New York Community Bancorp, Inc. has a fifty-two week low of $8.61 and a fifty-two week high of $12.72.

New York Community Bancorp (NYSE:NYCB) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $0.19 EPS for the quarter, hitting the 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 for the quarter, compared to the consensus estimate of $255.49 million. During the same quarter last year, the firm posted $0.20 EPS. As a group, equities analysts forecast that New York Community Bancorp, Inc. will post 0.78 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Monday, August 12th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 5.38%. The ex-dividend date of this dividend was Friday, August 9th. New York Community Bancorp’s dividend payout ratio is currently 86.08%.

NYCB has been the topic of several analyst reports. Bank of America set a $13.00 price target on shares of New York Community Bancorp and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Sandler O’Neill cut shares of New York Community Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. B. Riley set a $13.00 price objective on shares of New York Community Bancorp and gave the stock a “buy” rating in a report on Wednesday, July 31st. TheStreet raised shares of New York Community Bancorp from a “c+” rating to a “b-” rating in a research report on Thursday, August 15th. Finally, Royal Bank of Canada began coverage on New York Community Bancorp in a report on Friday, July 12th. They set an “outperform” rating and a $12.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. New York Community Bancorp presently has a consensus rating of “Hold” and a consensus price target of $12.20.

New York Community Bancorp Company 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.

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

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