Verition Fund Management LLC grew its stake in New York Community Bancorp, Inc. (NYSE:NYCB – Get Rating) by 44.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 892,110 shares of the financial services provider's stock after buying an additional 274,519 shares during the quarter. Verition Fund Management LLC's holdings in New York Community Bancorp were worth $9,563,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in NYCB. Renaissance Technologies LLC boosted its stake in shares of New York Community Bancorp by 70.7% in the 1st quarter. Renaissance Technologies LLC now owns 5,284,225 shares of the financial services provider's stock valued at $56,647,000 after buying an additional 2,188,800 shares during the period. Marshall Wace LLP raised its position in shares of New York Community Bancorp by 3,271.2% during the 4th quarter. Marshall Wace LLP now owns 1,864,309 shares of the financial services provider's stock worth $22,763,000 after acquiring an additional 1,809,008 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of New York Community Bancorp by 6.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 19,878,669 shares of the financial services provider's stock worth $213,105,000 after acquiring an additional 1,145,577 shares in the last quarter. Weiss Multi Strategy Advisers LLC raised its position in shares of New York Community Bancorp by 96.9% during the 4th quarter. Weiss Multi Strategy Advisers LLC now owns 1,821,402 shares of the financial services provider's stock worth $22,239,000 after acquiring an additional 896,402 shares in the last quarter. Finally, Toroso Investments LLC raised its position in shares of New York Community Bancorp by 1,486.8% during the 1st quarter. Toroso Investments LLC now owns 933,719 shares of the financial services provider's stock worth $10,010,000 after acquiring an additional 874,877 shares in the last quarter. Hedge funds and other institutional investors own 62.84% of the company's stock.
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Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods lowered New York Community Bancorp from an "outperform" rating to a "market perform" rating and set a $11.00 target price on the stock. in a research report on Thursday, June 2nd. B. Riley cut their target price on New York Community Bancorp from $11.00 to $10.00 in a research report on Monday, July 11th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company's stock. According to MarketBeat.com, New York Community Bancorp presently has an average rating of "Hold" and a consensus target price of $10.00.
New York Community Bancorp Price Performance
NYCB remained flat at $9.61 during trading on Wednesday. The company's stock had a trading volume of 175,804 shares, compared to its average volume of 6,977,793. The company has a market cap of $4.48 billion, a price-to-earnings ratio of 7.69, a P/E/G ratio of 0.76 and a beta of 1.00. New York Community Bancorp, Inc. has a 52 week low of $8.50 and a 52 week high of $14.33. The company's fifty day simple moving average is $9.98 and its two-hundred day simple moving average is $9.99. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 2.26.
New York Community Bancorp (NYSE:NYCB – Get Rating) last released its quarterly earnings results on Wednesday, July 27th. The financial services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. The company had revenue of $377.00 million for the quarter, compared to analyst estimates of $353.96 million. New York Community Bancorp had a return on equity of 10.00% and a net margin of 34.72%. The firm's revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 earnings per share. Analysts predict that New York Community Bancorp, Inc. will post 1.3 EPS for the current year.
New York Community Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 18th. Investors of record on Monday, August 8th were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, August 5th. This represents a $0.68 dividend on an annualized basis and a yield of 7.08%. New York Community Bancorp's dividend payout ratio (DPR) is 54.40%.
New York Community Bancorp Profile
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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.
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