Resources Management Corp CT ADV boosted its holdings in shares of New York Community Bancorp, Inc. (NYSE:NYCB – Get Rating) by 3.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 106,305 shares of the financial services provider's stock after purchasing an additional 3,725 shares during the quarter. Resources Management Corp CT ADV's holdings in New York Community Bancorp were worth $1,140,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Rinkey Investments purchased a new position in New York Community Bancorp during the fourth quarter worth approximately $26,000. Exchange Traded Concepts LLC acquired a new position in shares of New York Community Bancorp during the first quarter valued at approximately $30,000. CWM LLC raised its holdings in shares of New York Community Bancorp by 57.1% during the first quarter. CWM LLC now owns 3,675 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 1,335 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of New York Community Bancorp during the first quarter valued at approximately $45,000. Finally, Retirement Group LLC raised its holdings in shares of New York Community Bancorp by 2,177.5% during the first quarter. Retirement Group LLC now owns 4,555 shares of the financial services provider's stock valued at $49,000 after acquiring an additional 4,355 shares during the last quarter. Hedge funds and other institutional investors own 62.84% of the company's stock.
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Wall Street Analysts Forecast Growth
NYCB has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods cut New York Community Bancorp from an "outperform" rating to a "market perform" rating and set a $11.00 target price for the company. in a report on Thursday, June 2nd. B. Riley reduced their target price on New York Community Bancorp from $11.00 to $10.00 in a report on Monday, July 11th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $10.00.
New York Community Bancorp Stock Performance
Shares of NYCB stock opened at $9.58 on Thursday. New York Community Bancorp, Inc. has a 52-week low of $8.50 and a 52-week high of $14.33. The stock's 50-day moving average price is $9.99 and its 200 day moving average price is $9.98. The stock has a market capitalization of $4.47 billion, a PE ratio of 7.66, a price-to-earnings-growth ratio of 0.74 and a beta of 1.00. 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 issued its quarterly earnings data on Wednesday, July 27th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. The firm had revenue of $377.00 million during the quarter, compared to the consensus estimate of $353.96 million. New York Community Bancorp had a return on equity of 10.00% and a net margin of 34.72%. The company's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 EPS. As a group, equities research analysts forecast that New York Community Bancorp, Inc. will post 1.3 EPS for the current year.
New York Community Bancorp Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, August 18th. Stockholders of record on Monday, August 8th were given a dividend of $0.17 per share. The ex-dividend date was Friday, August 5th. This represents a $0.68 annualized dividend and a dividend yield of 7.10%. New York Community Bancorp's payout ratio 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.
Further Reading
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