Mutual of America Capital Management LLC buys 8,156 shares of New York Community Bancorp, Inc. (NYSE: NYCB)


Mutual of America Capital Management LLC increased its position in New York Community Bancorp, Inc. (NYSE:NYCB – Get Rating) by 2.0% in the first quarter, according to the company in its latest 13F filing with the Securities and Exchange Commission ( SECOND). The company held 424,049 shares of the financial services provider after acquiring an additional 8,156 shares during the period. Mutual of America Capital Management LLC’s holdings in New York Community Bancorp were worth $4,546,000 at the end of the last quarter.

A number of other hedge funds and other institutional investors have also recently changed their holdings in NYCB. Marshall Wace LLP increased its holdings of New York Community Bancorp shares by 3,271.2% during the 4th quarter. Marshall Wace LLP now owns 1,864,309 shares of the financial services provider worth $22,763,000 after purchasing an additional 1,809,008 shares during the period. Renaissance Technologies LLC increased its holdings of New York Community Bancorp stock by 57.8% during the 4th quarter. Renaissance Technologies LLC now owns 3,095,425 shares of the financial services provider worth $37,795,000 after purchasing an additional 1,134,155 shares during the period. Weiss Multi Strategy Advisers LLC increased its equity stake in New York Community Bancorp to 96.9% during the 4th quarter. Weiss Multi Strategy Advisers LLC now owns 1,821,402 shares of the financial services provider worth $22,239,000 after purchasing an additional 896,402 shares during the period. Schonfeld Strategic Advisors LLC increased its holdings of New York Community Bancorp shares by 14.0% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 5,902,576 shares of the financial services provider worth $72,071,000 after purchasing an additional 722,760 shares during the period. Finally, Point72 Asset Management LP purchased a new equity stake in New York Community Bancorp during Q4 for a value of approximately $7,433,000. Institutional investors hold 61.01% of the company’s shares.

A Wall Street analyst gives his opinion

NYCB has been the subject of several research analyst reports. StockNews.com assumed coverage of New York Community Bancorp stocks in a Thursday, March 31 report. They set a “holding” rating for the company. Stephens downgraded shares of New York Community Bancorp from a “weighted” rating to an “underweight” rating and cut his price target for the company from $12.00 to $9.00 in a Tuesday report May 3. B. Riley cut his price target on New York Community Bancorp stock from $11.00 to $10.00 in a Monday, July 11 report. TheStreet downgraded shares of New York Community Bancorp from a “b” rating to a “c+” rating in a Thursday, May 5 report. Finally, Keefe, Bruyette & Woods downgraded shares of New York Community Bancorp from an “outperform” rating to a “market performer” rating and set a price target of $11.00 for the company. in a report Thursday, June 2. One equity research analyst gave the stock a sell rating and four gave the company a hold rating. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $10.25.

Insider activity

Separately, director Ronald A. Rosenfeld acquired 35,000 shares in a transaction that took place on Friday, June 10. The shares were acquired at an average cost of $13.72 per share, for a total transaction of $480,200.00. As a result of the transaction, the administrator now directly owns 30,000 shares of the company, valued at $411,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. Company insiders own 1.58% of the company’s shares.

New York Community Bancorp Price Performance

NYSE:NYCB shares opened at $9.53 on Tuesday. The company has a 50-day moving average of $9.36 and a 200-day moving average of $10.43. The stock has a market capitalization of $4.45 billion, a PE ratio of 7.88, a PEG ratio of 0.76 and a beta of 0.95. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt ratio of 2.39. New York Community Bancorp, Inc. has a 12-month low of $8.50 and a 12-month high of $14.33.

New York Community Bancorp (NYSE:NYCB – Get Rating) last reported results on Wednesday, April 27. The financial services provider reported EPS of $0.32 for the quarter, matching the consensus estimate of $0.32. The company posted revenue of $346.00 million in the quarter, compared to $347.81 million expected by analysts. New York Community Bancorp had a net margin of 34.51% and a return on equity of 9.80%. The company’s revenue for the quarter increased by 4.2% compared to the same quarter last year. During the same period of the previous year, the company achieved EPS of $0.29. On average, equity research analysts expect New York Community Bancorp, Inc. to post EPS of 1.24 for the current fiscal year.

New York Community Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 19. Shareholders of record on Monday, May 9 received a dividend of $0.17. This represents an annualized dividend of $0.68 and a dividend yield of 7.14%. The ex-dividend date was Friday, May 6. New York Community Bancorp’s payout ratio is currently 56.20%.

New York Community Bancorp Company Profile

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New York Community Bancorp, Inc operates as a banking holding company for New York Community Bank which provides banking products and services in the New York metropolitan area, New Jersey, Ohio, Florida and Arizona. The Company accepts various deposit products, such as interest-bearing checks and money market accounts, savings accounts, non-interest-bearing accounts and individual retirement accounts, as well as certificates of deposit.

See also

Want to see what other hedge funds hold NYCB? Visit HoldingsChannel.com for the latest 13F filings and insider trading for New York Community Bancorp, Inc. (NYSE:NYCB – Get Rating).

Institutional ownership by quarter for New York Community Bancorp (NYSE:NYCB)



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