Royce & Associates LP boosted its position in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 67.2% in the first quarter, HoldingsChannel reports. The firm owned 398,051 shares of the financial services provider’s stock after acquiring an additional 159,971 shares during the period. Royce & Associates LP’s holdings in New York Community Bancorp were worth $4,605,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NYCB. Raymond James & Associates grew its holdings in New York Community Bancorp by 16.7% during the 4th quarter. Raymond James & Associates now owns 526,919 shares of the financial services provider’s stock worth $4,958,000 after acquiring an additional 75,569 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in New York Community Bancorp by 14.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 162,563 shares of the financial services provider’s stock worth $1,530,000 after acquiring an additional 20,594 shares in the last quarter. Comerica Bank grew its holdings in New York Community Bancorp by 1.6% during the 4th quarter. Comerica Bank now owns 369,218 shares of the financial services provider’s stock worth $4,013,000 after acquiring an additional 5,850 shares in the last quarter. Vanguard Group Inc grew its holdings in New York Community Bancorp by 1.1% during the 3rd quarter. Vanguard Group Inc now owns 42,876,102 shares of the financial services provider’s stock worth $444,625,000 after acquiring an additional 455,299 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in New York Community Bancorp during the 4th quarter worth $4,014,000. 63.07% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently commented on NYCB shares. Zacks Investment Research raised shares of New York Community Bancorp from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Tuesday, March 19th. Jefferies Financial Group began coverage on shares of New York Community Bancorp in a research report on Monday, April 8th. They issued a “hold” rating and a $12.00 price objective on the stock. B. Riley reiterated a “neutral” rating on shares of New York Community Bancorp in a research report on Wednesday, April 10th. UBS Group upgraded shares of New York Community Bancorp from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $10.00 to $15.00 in a research report on Wednesday, February 6th. Finally, Morgan Stanley downgraded shares of New York Community Bancorp from an “equal weight” rating to an “underweight” rating and set a $11.50 price objective on the stock. in a research report on Monday, March 11th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. New York Community Bancorp currently has an average rating of “Hold” and an average target price of $12.06.

Shares of NYSE:NYCB opened at $10.12 on Tuesday. The stock has a market capitalization of $4.64 billion, a P/E ratio of 12.81, a PEG ratio of 1.26 and a beta of 1.03. New York Community Bancorp, Inc. has a fifty-two week low of $8.61 and a fifty-two week high of $12.72. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.31 and a current ratio of 1.31.

New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $0.19 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. New York Community Bancorp had a net margin of 22.65% and a return on equity of 6.65%. The firm had revenue of $266.11 million for the quarter, compared to the consensus estimate of $268.24 million. During the same period last year, the firm posted $0.20 EPS. New York Community Bancorp’s quarterly revenue was down 9.2% compared to the same quarter last year. On average, research analysts expect that New York Community Bancorp, Inc. will post 0.79 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, May 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.72%. New York Community Bancorp’s dividend payout ratio (DPR) is 86.08%.

In related news, Director Hanif Dahya purchased 1,640 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were bought at an average cost of $26.31 per share, for a total transaction of $43,148.40. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dominick Ciampa purchased 34,000 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were bought at an average price of $11.61 per share, for a total transaction of $394,740.00. Following the completion of the transaction, the director now directly owns 7,508 shares in the company, valued at approximately $87,167.88. The disclosure for this purchase can be found here. 3.31% of the stock is currently owned by insiders.

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New York Community Bancorp Profile

New York Community Bancorp, Inc operates as a bank holding company for New York Community Bank that provides banking products and services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company offers various deposit products, including interest-bearing checking and money market, savings, non-interest-bearing, and individual retirement accounts, as well as certificates of deposit.

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

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