Pacific Alternative Asset Management Company LLC grew its holdings in New York Community Bancorp, Inc. (NYSE:NYCB) by 41.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 141,900 shares of the financial services provider’s stock after acquiring an additional 41,900 shares during the period. Pacific Alternative Asset Management Company LLC’s holdings in New York Community Bancorp were worth $1,863,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. World Asset Management Inc grew its holdings in 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 valued at $439,000 after purchasing an additional 246 shares in the last quarter. Pacer Advisors Inc. grew its holdings in 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 valued at $131,000 after purchasing an additional 284 shares in the last quarter. Private Asset Management Inc. grew its holdings in 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 valued at $610,000 after purchasing an additional 300 shares in the last quarter. New England Research & Management Inc. grew its holdings in 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 valued at $310,000 after purchasing an additional 350 shares in the last quarter. Finally, Utah Retirement Systems grew its holdings in New York Community Bancorp by 0.5% during the 2nd quarter. Utah Retirement Systems now owns 86,959 shares of the financial services provider’s stock valued at $1,142,000 after purchasing an additional 400 shares in the last quarter. 57.49% of the stock is currently owned by institutional investors and hedge funds.

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NYCB has been the subject of a number of recent analyst reports. ValuEngine lowered shares of New York Community Bancorp from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Morgan Stanley raised their price target on shares of New York Community Bancorp from $13.50 to $14.00 and gave the company an “equal weight” rating in a report on Tuesday, June 6th. BidaskClub raised shares of New York Community Bancorp from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Zacks Investment Research raised shares of New York Community Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. 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 report on Thursday, August 17th. Three research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $13.61.

Shares of New York Community Bancorp, Inc. (NYCB) traded up 0.199% on Friday, reaching $12.565. 575,293 shares of the company’s stock traded hands. The company’s 50-day moving average is $12.26 and its 200-day moving average is $13.11. The firm has a market capitalization of $6.15 billion, a P/E ratio of 13.672 and a beta of 0.59. 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 released its earnings results on Wednesday, July 26th. The financial services provider reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.03. The firm had revenue of $338.21 million during the quarter, compared to analysts’ expectations 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 period in the prior year, the company earned $0.26 EPS. Equities research analysts anticipate that New York Community Bancorp, Inc. will post $0.79 earnings per share for the current fiscal year.

New York Community Bancorp 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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