New York Community Bancorp, Inc. (NYCB) Holdings Increased by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its stake in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 4.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,053,064 shares of the financial services provider’s stock after buying an additional 78,689 shares during the period. Principal Financial Group Inc. owned about 0.42% of New York Community Bancorp worth $26,956,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. BKS Advisors LLC raised its holdings in New York Community Bancorp by 3.1% during the 2nd quarter. BKS Advisors LLC now owns 65,611 shares of the financial services provider’s stock worth $861,000 after buying an additional 1,950 shares during the period. Girard Partners LTD. raised its holdings in New York Community Bancorp by 4.1% during the 2nd quarter. Girard Partners LTD. now owns 30,305 shares of the financial services provider’s stock worth $398,000 after buying an additional 1,205 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in New York Community Bancorp by 43.7% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 81,064 shares of the financial services provider’s stock worth $1,064,000 after buying an additional 24,640 shares during the period. Brookstone Capital Management acquired a new stake in New York Community Bancorp during the 2nd quarter worth about $288,000. Finally, Pacer Advisors Inc. raised its holdings in New York Community Bancorp by 8.3% during the 2nd quarter. Pacer Advisors Inc. now owns 10,168 shares of the financial services provider’s stock worth $134,000 after buying an additional 779 shares during the period. Hedge funds and other institutional investors own 57.50% of the company’s stock.

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New York Community Bancorp, Inc. (NYCB) opened at 11.73 on Monday. New York Community Bancorp, Inc. has a 1-year low of $11.67 and a 1-year high of $17.68. The firm’s 50-day moving average price is $12.40 and its 200 day moving average price is $13.30. The stock has a market cap of $5.74 billion, a PE ratio of 12.76 and a beta of 0.59.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.03. The company had revenue of $338.21 million for the quarter, compared to analyst estimates 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 last year, the firm posted $0.26 earnings per share. Equities research analysts expect that New York Community Bancorp, Inc. will post $0.79 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 18th. Stockholders 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 dividend yield of 5.80%. The ex-dividend date was Thursday, August 3rd. New York Community Bancorp’s dividend payout ratio is currently 73.91%.

Several research firms have issued reports on NYCB. BidaskClub upgraded New York Community Bancorp from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. ValuEngine downgraded New York Community Bancorp from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Piper Jaffray Companies set a $11.00 price objective on New York Community Bancorp and gave the stock a “sell” rating in a report on Thursday, August 17th. Morgan Stanley boosted their price objective on New York Community Bancorp from $13.50 to $14.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 6th. Finally, Zacks Investment Research raised New York Community Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Three investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $14.03.

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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