New York Community Bancorp, Inc. (NYSE:NYCB) Shares Acquired by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lifted its holdings in shares of New York Community Bancorp, Inc. (NYSE:NYCBGet Rating) by 1.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 136,248 shares of the financial services provider’s stock after buying an additional 2,407 shares during the period. Oregon Public Employees Retirement Fund’s holdings in New York Community Bancorp were worth $1,162,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. State Street Corp raised its position in shares of New York Community Bancorp by 1.6% during the 1st quarter. State Street Corp now owns 15,752,749 shares of the financial services provider’s stock worth $168,869,000 after acquiring an additional 243,633 shares in the last quarter. Cannell & Co. grew its stake in New York Community Bancorp by 12.3% during the 2nd quarter. Cannell & Co. now owns 6,470,224 shares of the financial services provider’s stock worth $59,073,000 after buying an additional 710,900 shares during the last quarter. Renaissance Technologies LLC grew its stake in New York Community Bancorp by 14.6% during the 2nd quarter. Renaissance Technologies LLC now owns 6,054,525 shares of the financial services provider’s stock worth $55,278,000 after buying an additional 770,300 shares during the last quarter. Kahn Brothers Group Inc. grew its stake in New York Community Bancorp by 17.8% during the 2nd quarter. Kahn Brothers Group Inc. now owns 5,822,377 shares of the financial services provider’s stock worth $53,158,000 after buying an additional 879,008 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in New York Community Bancorp by 3.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,032,654 shares of the financial services provider’s stock worth $43,230,000 after buying an additional 149,346 shares during the last quarter. Institutional investors and hedge funds own 63.17% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on NYCB shares. StockNews.com downgraded New York Community Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, January 10th. Piper Sandler dropped their price target on New York Community Bancorp from $14.00 to $11.00 and set an “overweight” rating on the stock in a research note on Monday, December 5th. Wedbush restated a “neutral” rating and set a $10.00 price target on shares of New York Community Bancorp in a research note on Wednesday, September 28th. Credit Suisse Group dropped their price target on New York Community Bancorp to $9.00 in a research note on Thursday, October 13th. Finally, JPMorgan Chase & Co. lowered their target price on New York Community Bancorp from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, New York Community Bancorp has an average rating of “Hold” and an average target price of $9.85.

Insider Activity at New York Community Bancorp

In related news, Director Ronald A. Rosenfeld sold 138,199 shares of New York Community Bancorp stock in a transaction that occurred on Monday, December 19th. The stock was sold at an average price of $8.74, for a total value of $1,207,859.26. Following the sale, the director now directly owns 12,320 shares in the company, valued at $107,676.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Ronald A. Rosenfeld sold 138,199 shares of New York Community Bancorp stock in a transaction on Monday, December 19th. The stock was sold at an average price of $8.74, for a total transaction of $1,207,859.26. Following the completion of the transaction, the director now directly owns 12,320 shares of the company’s stock, valued at $107,676.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Marshall Lux acquired 6,000 shares of New York Community Bancorp stock in a transaction that occurred on Tuesday, December 6th. The shares were purchased at an average cost of $8.53 per share, with a total value of $51,180.00. Following the completion of the acquisition, the director now owns 12,000 shares of the company’s stock, valued at approximately $102,360. The disclosure for this purchase can be found here. Company insiders own 1.58% of the company’s stock.

New York Community Bancorp Stock Up 3.0 %

New York Community Bancorp stock opened at $9.68 on Monday. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.21 and a quick ratio of 1.21. New York Community Bancorp, Inc. has a 1-year low of $8.17 and a 1-year high of $12.61. The company has a market cap of $4.51 billion, a PE ratio of 7.74, a price-to-earnings-growth ratio of 0.85 and a beta of 1.02. The stock’s 50 day moving average price is $9.06 and its 200 day moving average price is $9.34.

New York Community Bancorp (NYSE:NYCBGet Rating) last posted its quarterly earnings results on Wednesday, October 26th. The financial services provider reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). New York Community Bancorp had a net margin of 33.12% and a return on equity of 10.10%. The business had revenue of $343.00 million during the quarter, compared to analysts’ expectations of $354.48 million. During the same quarter last year, the firm earned $0.31 earnings per share. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, sell-side analysts predict that New York Community Bancorp, Inc. will post 1.25 EPS for the current fiscal year.

New York Community Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 17th. Investors of record on Monday, November 7th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, November 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.02%. New York Community Bancorp’s dividend payout ratio (DPR) is presently 54.40%.

New York Community Bancorp Company Profile

(Get Rating)

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.

See Also

Want to see what other hedge funds are holding NYCB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for New York Community Bancorp, Inc. (NYSE:NYCBGet Rating).

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

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