State of New Jersey Common Pension Fund D Cuts Position in New York Community Bancorp, Inc. (NYSE:NYCB)

State of New Jersey Common Pension Fund D reduced its stake in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 6.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 260,189 shares of the financial services provider’s stock after selling 17,087 shares during the period. State of New Jersey Common Pension Fund D’s holdings in New York Community Bancorp were worth $2,745,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of New York Community Bancorp by 269.3% in the third quarter. JPMorgan Chase & Co. now owns 2,452,468 shares of the financial services provider’s stock valued at $20,502,000 after purchasing an additional 1,788,443 shares during the period. Wedge Capital Management L L P NC boosted its stake in shares of New York Community Bancorp by 3.1% during the 4th quarter. Wedge Capital Management L L P NC now owns 2,342,607 shares of the financial services provider’s stock worth $24,715,000 after acquiring an additional 70,010 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of New York Community Bancorp by 175.7% in the 4th quarter. First Trust Advisors LP now owns 1,598,477 shares of the financial services provider’s stock worth $16,864,000 after acquiring an additional 1,018,731 shares during the period. Perpetual Ltd increased its stake in New York Community Bancorp by 105.5% in the 3rd quarter. Perpetual Ltd now owns 1,207,205 shares of the financial services provider’s stock valued at $9,984,000 after purchasing an additional 619,800 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in New York Community Bancorp by 10.0% during the fourth quarter. California Public Employees Retirement System now owns 1,128,665 shares of the financial services provider’s stock worth $11,907,000 after purchasing an additional 102,188 shares during the last quarter. 50.77% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently commented on NYCB. UBS Group lowered shares of New York Community Bancorp from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $13.00 to $11.00 in a research report on Friday, February 5th. TheStreet raised shares of New York Community Bancorp from a “c+” rating to a “b” rating in a research note on Tuesday, December 15th. Compass Point raised New York Community Bancorp from a “neutral” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Friday, January 15th. Finally, Morgan Stanley upped their price objective on New York Community Bancorp from $11.50 to $12.50 and gave the company an “equal weight” rating in a research report on Thursday, January 7th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $11.81.

In other news, Director Ronald A. Rosenfeld bought 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 9th. The stock was acquired at an average cost of $10.63 per share, for a total transaction of $53,150.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.31% of the stock is owned by company insiders.

New York Community Bancorp stock opened at $12.10 on Tuesday. The firm has a fifty day moving average of $10.85 and a 200-day moving average of $9.63. New York Community Bancorp, Inc. has a 52-week low of $7.72 and a 52-week high of $12.11. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 2.52. The firm has a market capitalization of $5.61 billion, a P/E ratio of 14.40, a PEG ratio of 1.03 and a beta of 1.07.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings data on Tuesday, January 26th. The financial services provider reported $0.39 EPS for the quarter, beating the consensus estimate of $0.26 by $0.13. New York Community Bancorp had a return on equity of 6.69% and a net margin of 23.07%. The company had revenue of $322.95 million for the quarter, compared to analyst estimates of $313.05 million. During the same period last year, the company posted $0.20 earnings per share. On average, research analysts expect that New York Community Bancorp, Inc. will post 0.89 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 16th. Shareholders of record on Saturday, February 6th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date of this dividend was Thursday, February 4th. New York Community Bancorp’s dividend payout ratio is presently 88.31%.

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.

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

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