California Public Employees Retirement System cut its stake in New York Community Bancorp, Inc. (NYSE:NYCB) by 3.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,116,076 shares of the financial services provider’s stock after selling 37,000 shares during the period. California Public Employees Retirement System owned about 0.23% of New York Community Bancorp worth $14,654,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its stake in New York Community Bancorp by 3.1% during the 1st quarter. Pacer Advisors Inc. now owns 9,389 shares of the financial services provider’s stock worth $131,000 after purchasing an additional 284 shares in the last quarter. Sigma Planning Corp purchased a new stake in New York Community Bancorp during the 2nd quarter worth about $135,000. BB&T Securities LLC purchased a new stake in New York Community Bancorp during the 2nd quarter worth about $135,000. Hartford Investment Management Co. purchased a new stake in New York Community Bancorp during the 2nd quarter worth about $138,000. Finally, Quantbot Technologies LP purchased a new stake in New York Community Bancorp during the 1st quarter worth about $140,000. Hedge funds and other institutional investors own 57.51% of the company’s stock.

New York Community Bancorp, Inc. (NYCB) opened at 12.95 on Wednesday. New York Community Bancorp, Inc. has a 12-month low of $11.67 and a 12-month high of $17.68. The stock has a market cap of $6.33 billion, a P/E ratio of 14.09 and a beta of 0.58. The stock has a 50 day moving average price of $12.27 and a 200-day moving average price of $12.99.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.03. New York Community Bancorp had a net margin of 25.67% and a return on equity of 7.46%. The firm had revenue of $338.21 million for the quarter, compared to the consensus estimate of $326.36 million. During the same quarter in the previous year, the firm posted $0.26 EPS. On average, equities analysts expect that New York Community Bancorp, Inc. will post $0.79 earnings per share for the current year.

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A number of research firms have issued reports on NYCB. Morgan Stanley reiterated an “equal weight” rating and issued a $13.75 price objective (down previously from $14.00) on shares of New York Community Bancorp in a research note on Friday, July 7th. Zacks Investment Research raised New York Community Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. BidaskClub upgraded shares of New York Community Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, Piper Jaffray Companies restated a “sell” rating and set a $11.00 target price on shares of New York Community Bancorp in a research note on Tuesday, September 19th. Three research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus 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)

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