New York Community Bancorp, Inc. (NYSE:NYCB) Position Raised by Utah Retirement Systems

Utah Retirement Systems boosted its position in New York Community Bancorp, Inc. (NYSE:NYCB) by 0.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 86,959 shares of the financial services provider’s stock after acquiring an additional 400 shares during the period. Utah Retirement Systems’ holdings in New York Community Bancorp were worth $1,142,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Legal & General Group Plc grew its holdings in New York Community Bancorp by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 2,575,938 shares of the financial services provider’s stock worth $33,823,000 after acquiring an additional 39,629 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in New York Community Bancorp by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,260,906 shares of the financial services provider’s stock worth $82,205,000 after acquiring an additional 96,814 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in New York Community Bancorp by 2.9% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,339,621 shares of the financial services provider’s stock worth $17,589,000 after acquiring an additional 38,295 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in New York Community Bancorp by 12.6% in the 1st quarter. Daiwa Securities Group Inc. now owns 13,400 shares of the financial services provider’s stock worth $187,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Cadence Capital Management LLC grew its holdings in New York Community Bancorp by 16.4% in the 1st quarter. Cadence Capital Management LLC now owns 72,150 shares of the financial services provider’s stock worth $1,008,000 after acquiring an additional 10,192 shares during the last quarter. 57.49% of the stock is currently owned by institutional investors and hedge funds.

New York Community Bancorp, Inc. (NYSE NYCB) opened at 12.56 on Friday. The stock has a market capitalization of $6.14 billion, a PE ratio of 13.67 and a beta of 0.59. New York Community Bancorp, Inc. has a 12 month low of $11.67 and a 12 month high of $17.68. The company’s 50-day moving average is $12.26 and its 200-day moving average is $13.11.

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

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A number of equities research analysts have issued reports on the stock. Piper Jaffray Companies reissued a “sell” rating and issued a $11.00 price target on shares of New York Community Bancorp in a report on Tuesday. BidaskClub cut shares of New York Community Bancorp from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. ValuEngine cut shares of New York Community Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Morgan Stanley raised their target price on shares of New York Community Bancorp from $13.50 to $14.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 6th. Finally, Zacks Investment Research raised shares of New York Community Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Three analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $13.61.

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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