Grimes & Company Inc. boosted its position in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 29.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,536 shares of the financial services provider’s stock after acquiring an additional 5,094 shares during the quarter. Grimes & Company Inc.’s holdings in New York Community Bancorp were worth $293,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Gotham Asset Management LLC raised its position in shares of New York Community Bancorp by 6.6% in the second quarter. Gotham Asset Management LLC now owns 28,852 shares of the financial services provider’s stock valued at $379,000 after purchasing an additional 1,794 shares during the period. Bank of New York Mellon Corp raised its position in shares of New York Community Bancorp by 3.8% in the third quarter. Bank of New York Mellon Corp now owns 6,496,698 shares of the financial services provider’s stock valued at $83,743,000 after purchasing an additional 235,792 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of New York Community Bancorp in the third quarter valued at about $374,000. Janus Henderson Group PLC raised its position in shares of New York Community Bancorp by 141.2% in the second quarter. Janus Henderson Group PLC now owns 168,156 shares of the financial services provider’s stock valued at $2,208,000 after purchasing an additional 98,442 shares during the period. Finally, Sterneck Capital Management LLC raised its position in shares of New York Community Bancorp by 17.9% in the second quarter. Sterneck Capital Management LLC now owns 176,200 shares of the financial services provider’s stock valued at $2,314,000 after purchasing an additional 26,730 shares during the period. 59.25% of the stock is currently owned by hedge funds and other institutional investors.

New York Community Bancorp, Inc. (NYSE NYCB) opened at $13.64 on Thursday. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.40 and a quick ratio of 1.40. New York Community Bancorp, Inc. has a one year low of $11.67 and a one year high of $15.59. The company has a market cap of $6,648.35, a PE ratio of 15.16, a P/E/G ratio of 1.60 and a beta of 0.65.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.17 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.17. New York Community Bancorp had a net margin of 25.91% and a return on equity of 6.81%. The business had revenue of $296.32 million for the quarter, compared to the consensus estimate of $300.29 million. research analysts anticipate that New York Community Bancorp, Inc. will post 0.85 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Monday, February 12th. This represents a $0.68 annualized dividend and a dividend yield of 4.99%. New York Community Bancorp’s dividend payout ratio (DPR) is presently 75.56%.

Several equities analysts have recently weighed in on NYCB shares. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $14.00 price objective on shares of New York Community Bancorp in a research report on Friday, December 22nd. Zacks Investment Research raised shares of New York Community Bancorp from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Friday, January 12th. Barclays dropped their price objective on shares of New York Community Bancorp from $14.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 11th. Bank of America raised shares of New York Community Bancorp from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 10th. Finally, Royal Bank of Canada started coverage on shares of New York Community Bancorp in a research report on Thursday, December 21st. They issued a “sector perform” rating and a $13.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $13.25.

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New York Community Bancorp Company 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.

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

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