New York Community Bancorp, Inc. (NYSE:NYCB) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its position in New York Community Bancorp, Inc. (NYSE:NYCB – Get Rating) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 191,510 shares of the financial services provider’s stock after acquiring an additional 5,685 shares during the quarter. Envestnet Asset Management Inc.’s holdings in New York Community Bancorp were worth $1,647,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Bessemer Group Inc. acquired a new stake in shares of New York Community Bancorp in the 3rd quarter valued at $25,000. Point72 Hong Kong Ltd purchased a new stake in New York Community Bancorp during the 2nd quarter worth about $27,000. Quadrant Capital Group LLC boosted its position in shares of New York Community Bancorp by 181.0% during the 3rd quarter. Quadrant Capital Group LLC now owns 3,347 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 2,156 shares in the last quarter. TCI Wealth Advisors Inc. increased its holdings in shares of New York Community Bancorp by 48.4% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 5,752 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 1,877 shares during the last quarter. Finally, Global Wealth Management Investment Advisory Inc. raised its position in shares of New York Community Bancorp by 58.3% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 4,750 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 1,750 shares in the last quarter. Hedge funds and other institutional investors own 63.17% of the company’s stock.

New York Community Bancorp Stock Down 0.7 %

NYCB stock opened at $10.92 on Monday. The company has a debt-to-equity ratio of 2.74, a quick ratio of 1.23 and a current ratio of 1.24. New York Community Bancorp, Inc. has a fifty-two week low of $5.81 and a fifty-two week high of $11.21. The stock’s 50 day simple moving average is $9.13 and its 200 day simple moving average is $9.15. The company has a market cap of $7.89 billion, a P/E ratio of 2.87, a price-to-earnings-growth ratio of 0.88 and a beta of 1.06.

New York Community Bancorp (NYSE:NYCB – Get Rating) last posted its earnings results on Friday, April 28th. The financial services provider reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $623.11 million. New York Community Bancorp had a net margin of 49.74% and a return on equity of 8.25%. The firm’s revenue for the quarter was up 666.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.32 earnings per share. On average, research analysts expect that New York Community Bancorp, Inc. will post 1.25 earnings per share for the current fiscal year.

New York Community Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 18th. Shareholders of record on Monday, May 8th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 6.23%. The ex-dividend date was Friday, May 5th. New York Community Bancorp’s payout ratio is 17.85%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Credit Suisse Group increased their price target on shares of New York Community Bancorp from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Tuesday, March 21st. UBS Group upped their price objective on shares of New York Community Bancorp from $10.00 to $11.50 and gave the company a “buy” rating in a research note on Tuesday, March 21st. Morgan Stanley cut their target price on New York Community Bancorp from $10.50 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 5th. JPMorgan Chase & Co. decreased their target price on New York Community Bancorp from $10.50 to $9.00 in a research report on Thursday, April 6th. Finally, Keefe, Bruyette & Woods upgraded New York Community Bancorp from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $10.00 to $11.00 in a research note on Monday, March 20th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.54.

About New York Community Bancorp

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New York Community Bancorp, Inc is a bank holding company, which engages in the provision of multi-family loans on non-luxury rent-regulated buildings that feature below-market rents. It also offers financial products and services to individuals and businesses. The company was founded on July 20, 1993 and is headquartered in Westbury, NY.