Paloma Partners Management Co cut its stake in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 6.0% during the first quarter, Holdings Channel reports. The institutional investor owned 64,671 shares of the financial services provider’s stock after selling 4,103 shares during the period. Paloma Partners Management Co’s holdings in New York Community Bancorp were worth $904,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. National Asset Management Inc. acquired a new position in shares of New York Community Bancorp during the first quarter worth about $161,000. Sterneck Capital Management LLC purchased a new position in New York Community Bancorp during the first quarter worth $2,088,000. BlueCrest Capital Management Ltd purchased a new position in New York Community Bancorp during the first quarter worth $265,000. Gotham Asset Management LLC purchased a new position in New York Community Bancorp during the first quarter worth $378,000. Finally, Nomura Holdings Inc. purchased a new position in New York Community Bancorp during the first quarter worth $432,000. Institutional investors own 57.16% of the company’s stock.
Shares of New York Community Bancorp, Inc. (NYCB) opened at 13.24 on Monday. New York Community Bancorp, Inc. has a 12-month low of $12.61 and a 12-month high of $17.68. The firm has a 50-day moving average price of $13.07 and a 200 day moving average price of $14.37. The stock has a market cap of $6.48 billion, a PE ratio of 13.94 and a beta of 0.59.
New York Community Bancorp (NYSE:NYCB) last announced its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.02. The business had revenue of $327.09 million during the quarter, compared to analysts’ expectations of $342.04 million. New York Community Bancorp had a return on equity of 7.72% and a net margin of 26.19%. During the same period in the prior year, the company posted $0.27 earnings per share. Equities research analysts predict that New York Community Bancorp, Inc. will post $0.81 EPS for the current fiscal year.
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A number of equities analysts recently weighed in on NYCB shares. FIG Partners reiterated a “market-perform” rating on shares of New York Community Bancorp in a research report on Tuesday, March 14th. Stephens started coverage on shares of New York Community Bancorp in a research report on Wednesday, April 5th. They issued an “equal weight” rating on the stock. Keefe, Bruyette & Woods set a $15.00 price objective on shares of New York Community Bancorp and gave the company a “hold” rating in a research report on Tuesday, April 4th. FBR & Co reduced their target price on New York Community Bancorp from $14.00 to $13.00 and set an “underperform” rating for the company in a report on Friday, April 7th. Finally, ValuEngine raised New York Community Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, May 11th. Two equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $14.46.
About New York Community Bancorp
New York Community Bancorp, Inc is a multi-bank holding company. The Company operates through its subsidiaries, New York Community Bank (the Community Bank) and New York Commercial Bank (the Commercial Bank) (collectively, the Banks). The Company’s operations are divided into two segments: Banking Operations and Residential Mortgage Banking.
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