Qube Research & Technologies Ltd Invests $2.48 Million in New York Community Bancorp, Inc. (NYSE:NYCB)

Qube Research & Technologies Ltd acquired a new position in shares of New York Community Bancorp, Inc. (NYSE:NYCB) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 224,581 shares of the financial services provider’s stock, valued at approximately $2,475,000.

Other hedge funds have also recently made changes to their positions in the company. Acadian Asset Management LLC bought a new position in New York Community Bancorp during the 1st quarter valued at about $27,000. Advisory Services Network LLC bought a new position in shares of New York Community Bancorp in the second quarter worth about $26,000. Huntington National Bank bought a new position in shares of New York Community Bancorp in the second quarter worth about $39,000. RMR Wealth Builders raised its stake in shares of New York Community Bancorp by 113.2% in the first quarter. RMR Wealth Builders now owns 4,201 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 2,231 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in shares of New York Community Bancorp by 43.6% during the 1st quarter. Captrust Financial Advisors now owns 5,108 shares of the financial services provider’s stock worth $64,000 after buying an additional 1,551 shares during the period. 62.11% of the stock is owned by hedge funds and other institutional investors.

NYCB has been the subject of several analyst reports. Credit Suisse Group reiterated a “neutral” rating and set a $10.98 price target (down previously from $14.00) on shares of New York Community Bancorp in a research report on Tuesday, July 27th. Zacks Investment Research cut shares of New York Community Bancorp from a “buy” rating to a “hold” rating and set a $14.50 price target for the company. in a research report on Monday. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $13.44.

NYCB stock opened at $13.80 on Thursday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.33 and a current ratio of 1.33. The company’s 50-day simple moving average is $12.72 and its 200 day simple moving average is $12.12. New York Community Bancorp, Inc. has a 52 week low of $7.72 and a 52 week high of $13.86. The company has a market capitalization of $6.42 billion, a PE ratio of 11.40, a price-to-earnings-growth ratio of 0.97 and a beta of 1.08.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings results on Tuesday, July 27th. The financial services provider reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.03. New York Community Bancorp had a net margin of 34.32% and a return on equity of 8.86%. The business had revenue of $347.00 million for the quarter, compared to the consensus estimate of $336.00 million. On average, analysts forecast that New York Community Bancorp, Inc. will post 1.27 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 17th. Shareholders of record on Saturday, August 7th were paid a dividend of $0.17 per share. The ex-dividend date was Thursday, August 5th. This represents a $0.68 dividend on an annualized basis and a yield of 4.93%. New York Community Bancorp’s payout ratio is 78.16%.

In other news, Director Ronald A. Rosenfeld acquired 20,000 shares of New York Community Bancorp stock in a transaction on Tuesday, August 10th. The shares were purchased at an average cost of $12.35 per share, for a total transaction of $247,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.19% of the company’s stock.

New York Community Bancorp Profile

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.

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

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