New York Community Bancorp, Inc. (NYSE:NYCB) Shares Sold by Sei Investments Co.


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Sei Investments Co. lessened its stake in New York Community Bancorp, Inc. (NYSE:NYCB) by 5.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 105,360 shares of the financial services provider’s stock after selling 5,700 shares during the quarter. Sei Investments Co.’s holdings in New York Community Bancorp were worth $811,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in New York Community Bancorp by 1.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,503,558 shares of the financial services provider’s stock worth $25,537,000 after acquiring an additional 25,602 shares during the period. JPMorgan Chase & Co. raised its stake in New York Community Bancorp by 269.3% during the third quarter. JPMorgan Chase & Co. now owns 2,452,468 shares of the financial services provider’s stock worth $20,502,000 after acquiring an additional 1,788,443 shares during the period. Wedge Capital Management L L P NC raised its stake in New York Community Bancorp by 6,724.4% during the third quarter. Wedge Capital Management L L P NC now owns 2,272,597 shares of the financial services provider’s stock worth $18,794,000 after acquiring an additional 2,239,296 shares during the period. Principal Financial Group Inc. raised its stake in New York Community Bancorp by 3.1% during the second quarter. Principal Financial Group Inc. now owns 1,425,505 shares of the financial services provider’s stock worth $14,540,000 after acquiring an additional 42,761 shares during the period. Finally, Swiss National Bank raised its stake in New York Community Bancorp by 0.8% during the third quarter. Swiss National Bank now owns 1,051,500 shares of the financial services provider’s stock worth $8,696,000 after acquiring an additional 8,300 shares during the period. Institutional investors and hedge funds own 46.60% of the company’s stock.

Shares of NYSE:NYCB opened at $10.55 on Friday. The stock has a market capitalization of $4.89 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 1.14 and a beta of 1.05. New York Community Bancorp, Inc. has a 1-year low of $7.72 and a 1-year high of $12.09. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.39 and a current ratio of 1.39. The company has a 50 day moving average price of $9.86 and a 200 day moving average price of $9.45.

New York Community Bancorp (NYSE:NYCB) last issued its earnings results on Wednesday, October 28th. The financial services provider reported $0.23 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.23. The firm had revenue of $295.65 million during the quarter, compared to analysts’ expectations of $295.45 million. New York Community Bancorp had a net margin of 23.07% and a return on equity of 6.69%. On average, sell-side analysts expect that New York Community Bancorp, Inc. will post 0.89 EPS for the current fiscal year.

Several research analysts have commented on NYCB shares. CSFB decreased their target price on shares of New York Community Bancorp from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Wednesday, October 7th. Credit Suisse Group decreased their target price on shares of New York Community Bancorp from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Wednesday, October 7th. Morgan Stanley upped their target price on shares of New York Community Bancorp from $9.50 to $11.50 and gave the stock an “equal weight” rating in a research report on Monday, December 7th. TheStreet upgraded shares of New York Community Bancorp from a “c+” rating to a “b” rating in a research report on Tuesday, December 15th. Finally, Piper Sandler decreased their target price on shares of New York Community Bancorp from $12.50 to $10.50 and set an “overweight” rating for the company in a research report on Monday, September 28th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $11.54.

New York Community Bancorp Profile

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

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