IFM Investors Pty Ltd Invests $283,000 in New York Community Bancorp, Inc. (NYCB)

IFM Investors Pty Ltd bought a new stake in New York Community Bancorp, Inc. (NYSE:NYCB) during the second quarter, according to its most recent filing with the SEC. The firm bought 21,558 shares of the financial services provider’s stock, valued at approximately $283,000.

Other large investors have also recently bought and sold shares of the company. Northwestern Mutual Investment Management Company LLC boosted its holdings in New York Community Bancorp by 0.3% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 84,178 shares of the financial services provider’s stock valued at $1,176,000 after purchasing an additional 239 shares during the period. World Asset Management Inc lifted its holdings in shares of New York Community Bancorp by 0.7% during the 2nd quarter. World Asset Management Inc now owns 33,448 shares of the financial services provider’s stock worth $439,000 after acquiring an additional 246 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of New York Community Bancorp by 3.1% during the 1st quarter. Pacer Advisors Inc. now owns 9,389 shares of the financial services provider’s stock worth $131,000 after acquiring an additional 284 shares during the period. Private Asset Management Inc. lifted its holdings in shares of New York Community Bancorp by 0.7% during the 2nd quarter. Private Asset Management Inc. now owns 46,425 shares of the financial services provider’s stock worth $610,000 after acquiring an additional 300 shares during the period. Finally, New England Research & Management Inc. lifted its holdings in shares of New York Community Bancorp by 1.5% during the 2nd quarter. New England Research & Management Inc. now owns 23,600 shares of the financial services provider’s stock worth $310,000 after acquiring an additional 350 shares during the period. Institutional investors and hedge funds own 57.50% of the company’s stock.

A number of equities research analysts recently issued reports on the stock. BidaskClub upgraded shares of New York Community Bancorp from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Morgan Stanley restated an “equal weight” rating and issued a $13.75 price objective (down previously from $14.00) on shares of New York Community Bancorp in a research report on Friday, July 7th. Zacks Investment Research upgraded shares of New York Community Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. ValuEngine cut shares of New York Community Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Piper Jaffray Companies set a $11.00 price target on shares of New York Community Bancorp and gave the stock a “sell” rating in a research report on Thursday, August 17th. Three analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $13.61.

Shares of New York Community Bancorp, Inc. (NYSE NYCB) traded down 0.122% during mid-day trading on Friday, hitting $12.275. 782,958 shares of the stock were exchanged. The stock has a market capitalization of $6.00 billion, a P/E ratio of 13.357 and a beta of 0.59. The stock’s 50 day moving average price is $12.31 and its 200-day moving average price is $13.21. New York Community Bancorp, Inc. has a 12-month low of $11.67 and a 12-month high of $17.68.

New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. New York Community Bancorp had a return on equity of 7.46% and a net margin of 25.67%. The business had revenue of $338.21 million during the quarter, compared to analysts’ expectations of $326.36 million. During the same quarter in the prior year, the business posted $0.26 earnings per share. On average, equities research analysts expect that New York Community Bancorp, Inc. will post $0.79 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Monday, August 7th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 5.53%. The ex-dividend date was Thursday, August 3rd. New York Community Bancorp’s dividend payout ratio is currently 73.91%.

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New York Community Bancorp Company Profile

New York Community Bancorp, Inc is a multi-bank holding company. The Company operates through its subsidiaries, New York Community Bank (the Community Bank) and New York Commercial Bank (the Commercial Bank) (collectively, the Banks). The Company’s operations are divided into two segments: Banking Operations and Residential Mortgage Banking.

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

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