Oppenheimer & Co. Inc. Cuts Stock Position in New York Community Bancorp, Inc. (NYSE:NYCB)

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Oppenheimer & Co. Inc. lessened its holdings in New York Community Bancorp, Inc. (NYSE:NYCB) by 28.6% during the third quarter, HoldingsChannel.com reports. The fund owned 39,195 shares of the financial services provider’s stock after selling 15,731 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in New York Community Bancorp were worth $492,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of NYCB. FMR LLC raised its stake in shares of New York Community Bancorp by 40.1% in the 1st quarter. FMR LLC now owns 31,397 shares of the financial services provider’s stock valued at $363,000 after acquiring an additional 8,981 shares during the period. WINTON GROUP Ltd purchased a new position in shares of New York Community Bancorp in the 2nd quarter valued at $174,000. Crossmark Global Holdings Inc. raised its stake in shares of New York Community Bancorp by 3.3% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 50,560 shares of the financial services provider’s stock valued at $505,000 after acquiring an additional 1,633 shares during the period. Wiley BROS. Aintree Capital LLC raised its stake in shares of New York Community Bancorp by 71.4% in the 2nd quarter. Wiley BROS. Aintree Capital LLC now owns 22,813 shares of the financial services provider’s stock valued at $228,000 after acquiring an additional 9,500 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of New York Community Bancorp in the 2nd quarter valued at $468,000. 63.73% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on NYCB shares. TheStreet raised shares of New York Community Bancorp from a “c+” rating to a “b-” rating in a research note on Thursday, August 15th. Bank of America set a $13.00 price target on shares of New York Community Bancorp and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Royal Bank of Canada downgraded shares of New York Community Bancorp from an “outperform” rating to a “sector perform” rating and set a $13.00 price target on the stock. in a research note on Thursday, October 31st. B. Riley set a $13.00 price target on shares of New York Community Bancorp and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, ValuEngine downgraded shares of New York Community Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $12.60.

New York Community Bancorp stock opened at $12.10 on Friday. New York Community Bancorp, Inc. has a 12-month low of $8.61 and a 12-month high of $13.79. The company has a market capitalization of $5.56 billion, a price-to-earnings ratio of 15.32, a price-to-earnings-growth ratio of 1.57 and a beta of 0.99. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.32 and a quick ratio of 1.30. The firm’s fifty day moving average price is $12.72 and its 200 day moving average price is $11.36.

New York Community Bancorp (NYSE:NYCB) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.19 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. The company had revenue of $260.03 million during the quarter, compared to the consensus estimate of $255.13 million. New York Community Bancorp had a net margin of 20.96% and a return on equity of 6.42%. The company’s revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.20 EPS. Analysts forecast that New York Community Bancorp, Inc. will post 0.77 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Monday, November 11th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 5.62%. The ex-dividend date is Thursday, November 7th. New York Community Bancorp’s payout ratio is currently 86.08%.

About New York Community Bancorp

New York Community Bancorp, Inc operates as a 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 offers various deposit products, including interest-bearing checking and money market, savings, non-interest-bearing, and individual retirement accounts, as well as certificates of deposit.

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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:NYCB).

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

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