Strategic Advisors LLC lifted its stake in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 17.2% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 17,199 shares of the financial services provider’s stock after buying an additional 2,519 shares during the quarter. Strategic Advisors LLC’s holdings in New York Community Bancorp were worth $226,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its stake in New York Community Bancorp by 6,643.8% in the 1st quarter. BlackRock Inc. now owns 51,206,275 shares of the financial services provider’s stock worth $715,351,000 after purchasing an additional 50,446,961 shares in the last quarter. Vanguard Group Inc. raised its position in shares of New York Community Bancorp by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 39,860,379 shares of the financial services provider’s stock valued at $556,850,000 after buying an additional 1,759,241 shares in the last quarter. Alecta Pensionsforsakring Omsesidigt raised its position in shares of New York Community Bancorp by 176.3% in the 2nd quarter. Alecta Pensionsforsakring Omsesidigt now owns 10,500,000 shares of the financial services provider’s stock valued at $137,865,000 after buying an additional 6,700,000 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of New York Community Bancorp by 8.0% in the 1st quarter. Renaissance Technologies LLC now owns 9,646,677 shares of the financial services provider’s stock valued at $134,764,000 after buying an additional 711,895 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of 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 valued at $82,205,000 after buying an additional 96,814 shares in the last quarter. Institutional investors own 57.50% of the company’s stock.

A number of research firms have weighed in on NYCB. Morgan Stanley reissued an “equal weight” rating and set a $13.75 target price (down from $14.00) on shares of New York Community Bancorp in a report on Friday, July 7th. Zacks Investment Research upgraded shares of New York Community Bancorp from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 30th. ValuEngine lowered shares of New York Community Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub upgraded shares of New York Community Bancorp from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Finally, Piper Jaffray Companies set a $11.00 price target on shares of New York Community Bancorp and gave the company 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 presently has a consensus rating of “Hold” and a consensus price target of $13.61.

New York Community Bancorp, Inc. (NYCB) traded down 0.281% during trading on Thursday, hitting $12.415. The stock had a trading volume of 243,585 shares. The stock has a market capitalization of $6.07 billion, a PE ratio of 13.509 and a beta of 0.59. The stock’s 50-day moving average is $12.35 and its 200-day moving average is $13.22. New York Community Bancorp, Inc. has a 52-week low of $11.67 and a 52-week high of $17.68.

New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.22 earnings per share (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 for the quarter, compared to the consensus estimate of $326.36 million. During the same quarter in the prior year, the company earned $0.26 EPS. On average, analysts predict that New York Community Bancorp, Inc. will post $0.79 earnings per share for the current fiscal year.

The business also recently disclosed 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 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date was Thursday, August 3rd. New York Community Bancorp’s payout ratio is currently 73.91%.

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About New York Community Bancorp

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.

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

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