106,700 Shares in New York Community Bancorp Inc. (NYCB) Acquired by Icon Advisers Inc. Co.
Icon Advisers Inc. Co. purchased a new stake in shares of New York Community Bancorp Inc. (NYSE:NYCB) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 106,700 shares of the financial services provider’s stock, valued at approximately $1,518,000.
Other large investors have also recently bought and sold shares of the company. Capital International Investors bought a new stake in shares of New York Community Bancorp during the second quarter valued at $210,797,000. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of New York Community Bancorp by 22.4% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 18,382,896 shares of the financial services provider’s stock valued at $275,560,000 after buying an additional 3,363,254 shares in the last quarter. Capital Guardian Trust Co. bought a new stake in shares of New York Community Bancorp during the second quarter valued at $29,604,000. Vanguard Group Inc. raised its stake in shares of New York Community Bancorp by 4.5% in the second quarter. Vanguard Group Inc. now owns 35,464,907 shares of the financial services provider’s stock valued at $531,619,000 after buying an additional 1,539,859 shares in the last quarter. Finally, RMB Capital Management LLC bought a new stake in shares of New York Community Bancorp during the third quarter valued at $21,345,000. 60.48% of the stock is currently owned by institutional investors and hedge funds.
New York Community Bancorp Inc. (NYSE:NYCB) traded up 0.31% during trading on Wednesday, hitting $15.98. The company had a trading volume of 3,837,420 shares. New York Community Bancorp Inc. has a 12-month low of $13.74 and a 12-month high of $17.05. The firm has a 50-day moving average of $14.74 and a 200 day moving average of $14.77. The company’s market capitalization is $7.78 billion.
New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings data on Wednesday, October 26th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.01. New York Community Bancorp had a negative net margin of 1.25% and a positive return on equity of 8.81%. During the same period in the prior year, the company posted $0.28 earnings per share. On average, equities research analysts forecast that New York Community Bancorp Inc. will post $1.05 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Monday, November 7th were given a $0.17 dividend. The ex-dividend date was Thursday, November 3rd. This represents a $0.68 annualized dividend and a yield of 4.26%. New York Community Bancorp’s payout ratio is -849.89%.
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A number of research analysts have recently commented on the company. Bank of America Corp. set a $17.00 price target on New York Community Bancorp and gave the company a “buy” rating in a report on Monday, September 12th. Wedbush assumed coverage on New York Community Bancorp in a report on Thursday, October 6th. They set a “neutral” rating and a $15.00 price target on the stock. Zacks Investment Research lowered New York Community Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, September 1st. Deutsche Bank AG lowered their price target on New York Community Bancorp from $15.50 to $15.00 and set a “hold” rating on the stock in a report on Tuesday, October 11th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating on shares of New York Community Bancorp in a report on Wednesday, October 12th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $15.85.
In other New York Community Bancorp news, Director Dominick Ciampa acquired 9,350 shares of the business’s stock in a transaction on Thursday, September 8th. The stock was purchased at an average price of $15.43 per share, for a total transaction of $144,270.50. Following the transaction, the director now owns 142,446 shares in the company, valued at approximately $2,197,941.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.97% of the stock is owned by company insiders.
About New York Community Bancorp
New York Community Bancorp, Inc is a multi-bank holding company. The Company’s operations are divided into two segments: Banking Operations and Residential Mortgage Banking. The Banking Operations segment serves consumers and businesses by offering and servicing a range of loan and deposit products and other financial services.
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