109,400 Shares in New York Community Bancorp, Inc. (NYCB) Acquired by DNB Asset Management AS

DNB Asset Management AS bought a new stake in New York Community Bancorp, Inc. (NYSE:NYCB) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 109,400 shares of the financial services provider’s stock, valued at approximately $1,266,000.

Other large investors have also recently modified their holdings of the company. First Mercantile Trust Co. raised its holdings in New York Community Bancorp by 129.6% in the fourth quarter. First Mercantile Trust Co. now owns 3,100 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 1,750 shares in the last quarter. Advisory Services Network LLC raised its holdings in New York Community Bancorp by 20.1% in the fourth quarter. Advisory Services Network LLC now owns 5,960 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 999 shares in the last quarter. JOYN Advisors Inc. raised its holdings in New York Community Bancorp by 140.2% in the fourth quarter. JOYN Advisors Inc. now owns 6,054 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 3,534 shares in the last quarter. Ipswich Investment Management Co. Inc. acquired a new stake in New York Community Bancorp in the fourth quarter valued at approximately $58,000. Finally, Wealthcare Advisory Partners LLC raised its holdings in New York Community Bancorp by 42.1% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 6,750 shares of the financial services provider’s stock valued at $64,000 after acquiring an additional 2,000 shares in the last quarter. 68.10% of the stock is currently owned by hedge funds and other institutional investors.

Shares of New York Community Bancorp stock opened at $11.38 on Friday. The company has a market capitalization of $5.33 billion, a price-to-earnings ratio of 14.41, a P/E/G ratio of 1.47 and a beta of 0.98. New York Community Bancorp, Inc. has a 52 week low of $8.61 and a 52 week high of $13.07. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.35 and a current ratio of 1.35.

New York Community Bancorp (NYSE:NYCB) last announced its quarterly earnings results on Wednesday, January 30th. The financial services provider reported $0.19 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. The company had revenue of $270.31 million for the quarter, compared to analyst estimates of $270.24 million. New York Community Bancorp had a net margin of 23.72% and a return on equity of 6.76%. During the same period in the prior year, the firm posted $0.26 earnings per share. Analysts anticipate that New York Community Bancorp, Inc. will post 0.81 EPS for the current fiscal year.

Several analysts recently weighed in on NYCB shares. TheStreet raised shares of New York Community Bancorp from a “c” rating to a “b-” rating in a report on Wednesday, January 30th. Zacks Investment Research raised shares of New York Community Bancorp from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Tuesday, March 19th. UBS Group upgraded shares of New York Community Bancorp from a “neutral” rating to a “buy” rating and increased their price target for the company from $10.00 to $15.00 in a research note on Wednesday, February 6th. Credit Suisse Group reiterated a “hold” rating and issued a $11.00 price target on shares of New York Community Bancorp in a research note on Monday, January 7th. Finally, Jefferies Financial Group started coverage on shares of New York Community Bancorp in a research note on Monday, April 8th. They issued a “hold” rating and a $12.00 price target on the stock. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $11.95.

In other New York Community Bancorp news, Director Dominick Ciampa bought 34,000 shares of the stock in a transaction dated Wednesday, March 27th. The shares were acquired at an average cost of $11.61 per share, for a total transaction of $394,740.00. Following the completion of the transaction, the director now owns 7,508 shares in the company, valued at approximately $87,167.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.17% of the company’s stock.

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New York Community Bancorp Company Profile

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

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

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