Quantbot Technologies LP grew its holdings in New York Community Bancorp, Inc. (NYSE:NYCB) by 1,136.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 124,678 shares of the financial services provider’s stock after buying an additional 114,596 shares during the quarter. Quantbot Technologies LP’s holdings in New York Community Bancorp were worth $1,637,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Legal & General Group Plc increased its position in New York Community Bancorp by 1.6% in the second quarter. Legal & General Group Plc now owns 2,575,938 shares of the financial services provider’s stock worth $33,823,000 after purchasing an additional 39,629 shares during the period. Bank of New York Mellon Corp increased its position in New York Community Bancorp by 1.6% in the second 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 purchasing an additional 96,814 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in New York Community Bancorp by 2.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,339,621 shares of the financial services provider’s stock worth $17,589,000 after purchasing an additional 38,295 shares during the period. Brookstone Capital Management acquired a new stake in New York Community Bancorp in the second quarter worth about $288,000. Finally, Principal Financial Group Inc. increased its position in New York Community Bancorp by 4.0% in the second quarter. Principal Financial Group Inc. now owns 2,053,064 shares of the financial services provider’s stock worth $26,956,000 after purchasing an additional 78,689 shares during the period. Hedge funds and other institutional investors own 57.49% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This report was originally published by Daily Political and is the sole property of of Daily Political. If you are accessing this report on another publication, it was stolen and republished in violation of United States & international copyright & trademark laws. The original version of this report can be viewed at https://www.dailypolitical.com/2017/09/24/quantbot-technologies-lp-increases-stake-in-new-york-community-bancorp-inc-nycb.html.

New York Community Bancorp, Inc. (NYCB) opened at 12.56 on Friday. The firm has a market capitalization of $6.14 billion, a price-to-earnings ratio of 13.67 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. The stock’s 50 day moving average price is $12.26 and its 200 day moving average price 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, beating the consensus estimate of $0.19 by $0.03. The company had revenue of $338.21 million during the quarter, compared to analysts’ expectations of $326.36 million. New York Community Bancorp had a return on equity of 7.46% and a net margin of 25.67%. During the same quarter in the prior year, the firm posted $0.26 earnings per share. On average, equities analysts anticipate that New York Community Bancorp, Inc. will post $0.79 earnings per share for the current fiscal year.

A number of analysts recently commented on the company. Piper Jaffray Companies reiterated a “sell” rating and issued a $11.00 price objective on shares of New York Community Bancorp in a research report on Tuesday, September 19th. BidaskClub lowered New York Community Bancorp from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. ValuEngine lowered New York Community Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Morgan Stanley lifted their price objective on 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 upgraded New York Community Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Three investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $13.61.

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.

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

Receive News & Ratings for New York Community Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Community Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.